The main objective of the drill program is to determine a near-surface resource on Zone 75. The drilling continues to demonstrate the continuity of gold mineralization at Zone 75.
Highlights include:
4.04 g/t gold over 15.52 metres (LAY-21-2013), including 5.10 g/t gold over 11.52 metres
1.29 g/t gold over 15.35 metres (LAY-22-2013)
1.14 g/t gold over 34.50 metres (LAY-22A-2013)
Gold occurs in two distinct mineralization styles. Near surface, gold is hosted in a hematized pink granite including several quartz veinlets and a dense fracture network associated with pyrite and sericite alteration.
Gold intersected in a second zone is hosted in a white to light pinkish-grey granite due to strong albite alteration and weak hematization. Pyrite typically occurs as disseminated grains (up to 5% pyrite). The albitized granite contains higher grades as indicated by 6.20 g/t gold on 10.50 metres, hole LAY-20-2013 (refer to press release February 18th, 2014).
The present drill program began in November 2013 (refer to press release November 20th, 2013) and was completed in January 2014. In total 19 holes, comprising 2589.6 metres, were drilled. The results from 11 holes were released in January and February 2014 (refer to press release January 13th, 2014 and February 18th, 2014).
Three exploration holes are still pending and will be released when the results are compiled.
The 3 holes were drilled to test an Induced Polarization (IP) target and possible extensions of Zone 75. Gold mineralization in the area is typically associated with IP anomalies due to the presence of pyrite.
Several mineralized intersections from the drilling program are open and additional sampling is planned for this spring as well as some surface channels to link mineralization on surface to the main mineralized zone intersected by the drilling.
