Of the reported results, all holes exceeded the 0.3 grams gold per tonne cut-off for a pit outline, and six holes had intercepts exceeding 1 gram gold. Five had a higher-grade core of at least 20 g-m.
Drilling supports and adds to the company’s claim of a high-grade shear domain highlighted in the recently updated resource estimate. All released holes were drilled within the newly defined pit outline.
Laurentian Bank Securities Equity Research mining analyst Barry Allan said the results were positive and consistent in a note to clients. He said it added to the recently updated inferred 4.2 million oz. resource that identified a high-grade shear domain of 2.2 million oz. grading 2 grams gold per tonne held in 34.7 million tonnes within a lower-grade intrusive domain of 2 million oz. grading 0.7 grams per tonne in 87 million tonnes.
The holes reported are part of a 52-hole data set that was not included in the recent resource…
