In the 2021 drilling program, one hole assayed 5.6 g/t gold over 10.2 metres in sediments, and 250 metres to the southwest, another hole assayed 5.2 g/t gold over 3.1 metres core length, also in sediments. Five drill holes from this year’s program have encountered high-grade intercepts or visible gold outside the boundary of existing gold resources. These collective results appear to be on strike and have opened a large corridor of prospective ground, McEwen said.
“What we find exciting about this discovery is that the host rock of these veins is very different than the host rock for 98% of Grey Fox’s estimated gold resources of 1.2 million ounces indicated and 240,000 ounces inferred,” added Stephen McGibbon, SVP exploration.
McGibbon also noted that these newly discovered veins are in the sparsely explored sedimentary rocks. “Such rocks are the same primary gold-bearing host rock as our Froome mine, 3 miles north…
