Gold at Grey Fox has been found in multiple zones, including Gibson, Whiskey-Jack, 147 and Grey Fox South (GFS). The current resource estimate for Grey Fox is 1.2 million oz. gold in material grading 4.80 g/t gold (indicated) and 236,000 oz. gold at 4.35 g/t gold (inferred).
An updated resource estimate is expected in late September.
Highlights of the best assay results (true widths) at Grey Fox include the following:
- Hole 24GF-1426: 586.7 g/t gold over 0.5 metre;
- Hole 24GF-1424: 14.3 g/t gold over 5 metres;
- Hole 24GF-1397: 17.4 g/t gold over 4.2 metres;
- Hole 22GF-1366: 8.8 g/t gold over 3.9 metres.
The Gibson zone drew interest because a bulk sample taken in 1989 has historical documentation suggesting the average grade was over 27 g/t gold. The zone consists primarily of a syenite intrusion with sediments (similar to the Young-Davidson mine of Alamos Gold).
The Whiskey-Jack zone is the highest grading zone of the Grey Fox…
