Great Northern Gold Exploration Corporation updates January 2013 drilling program
Wednesday, Dec 12, 2012
VANCOUVER, Dec. 11, 2012 /CNW/ - Great Northern Gold Exploration Corporation, ("Great Northern Gold" or the "Company") announced that it has completed its infill mobile metal ion ("MMI") geochemistry sampling program. The infill MMI samples will be used, along with previously collected data and ground proofing, to refine the targets for the Company's January 2013 drilling program. (See press release dated November 8, 2012.)
During the month of November, 468 infill MMI geochemistry samples were taken on anomalies and extensions along strike of the earlier detected anomalous trends on the McCafferty Grid. A total of 1,613 MMI samples have now been taken on the McCafferty Grid. The 468 new samples have been sent to SGS laboratories in Toronto for analysis. It is expected that these results will be available in late December and will be plotted and reviewed in final preparation for the January drill program. After the results from the November program are recorded the Company will have data from 2,279 MMI geochemical samples on three grids.
During November the Company provided details of the drill program to seven drill contractors interested in bidding on the project. Management will be reviewingthe details of these bids over the next two weeks and award the contract accordingly.
The drilling program of approximately 2,000 meters is expected to comprise 20 to 30 drill holes. Approximately two drill holes are planned to test gold targets on the one kilometer by 400 meter (1km x 0.4km) Elizabeth - Dauphin Grid, located approximately 2 kilometers northeast of the past producing Rex-Laguna gold mine. The remainder of the drill program will test numerous gold targets on the one kilometer by three kilometer (1km x 3km) McCafferty Grid. The McCafferty gold-bearing quartz vein is exposed on the grid in a series of trenches and two shafts over a strike length of 350 meters. To date, the MMI data was successful in locating the McCafferty vein, identifying a number of new gold anomalies trending parallel or sub-parallel to the McCafferty vein, and a number of additional multi-line, multi-element anomalies. All drill targets are selected based on multidisciplinary techniques including geological mapping, MMI geochemistry, and data from previous work including ground and airborne EM geophysics.
The Company's drill program is targeting the potential for larger tonnage
epigenetic mesothermal gold deposits located in shear zones below the glacial till cover. The winter program allows for lower drilling costs as equipment and supplies can be transported across the frozen Wekusko Lake to the Wekusko Gold Property, instead of being mobilized by helicopter to the site.
"Our team did a great job completing the field work to collect the data required to refine our drill targets," said Mr. Kim Oishi, President and CEO of Great Northern Gold. "We are on track to commence our 2,000 meter drill program in January 2013 lead by Dan Ziehlke, our VP Exploration, who has more than 25 years experience in the region, including the identification of economic gold mineralization at Snow Lake and numerous gold zones on the Wekusko Gold Property."
As set out in the Company's NI 43-101 Technical Report dated May 12, 2012 and filed on SEDAR, the Wekusko Gold Property hosts historic and recent discoveries of moderate to high grade gold mineralization in near surface quartz veins.
Prospecting and geochemical work north of the high grade Ferro and Rex Laguna trending belts indicate potential for Snow Lake/Britannia type of larger tonnage, lower grade gold deposits. To date, the New Britannia deposit at Snow Lake has produced 1,428,290 ounces of gold recovered from 12,124,449 tons milled for a recovery grade of 0.117 oz/ton.
SOURCE Great Northern Gold Exploration Corporation