Tuesday, 25th July 2006 (2558 views)

Pelangio Mines and Trade Winds Ventures, co-owners of the Detour Lake property in Ontario, Canada, have announced the discovery of a "very high gold grade" in the area.

A diamond drilling programme, incorporating 59 holes had assay results of up to 89.26 grams per tonne of gold over four metres in the M Zone structural corridor.

The original aim of the exploration project, the company said, was to "evaluate mineralisation in the near surface portion" of the property, up to 200 metres below the surface.

Ian Lambert, chief executive of Trade Winds, called the results "exceptional".

"We have consistently reported high grade gold values, with visible gold occurring in 85 per cent of the holes reported along the M Zone structural corridor," he commented.

"Over 71 per cent of the holes have returned at least ten grams per tonne of gold over a minimum of one metre, including many over 100 grams per tonne. These results set the Detour Lake camp apart from other excellent but smaller deposits."

 

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