Resource World Magazine

Resource World - August-September 2018 - Vol 16 Issue 5

Issue link: http://resourceworld.uberflip.com/i/1012424

Contents of this Issue

Navigation

Page 15 of 71

16 www.resourceworld.com A U G U S T / S E P T E M B E R 2 0 1 8 the O'Brien Project in March, the company announced the expansion of the drilling program to 11,000 metres with a principal focus on the F Zone, located a few metres west of current resources. Highlights included Hole OB-18-76 with 18.5 g/t gold over 1.1 metres and 4.5 g/t over 3.5 metres in an interval of 3.5 g/t gold over 5.5 metres. Stelmine Canada Ltd. [STH-TSXV] is conducting its summer exploration pro- gram on the 100%-owned flagship Courcy property in the eastern part of the Opinaca subprovince near the Québec-Labrador bor- der. The objective is to circumscribe and expand zones containing gold mineraliza- tion and define drill targets for fall drilling. Stornoway Diamond Corp. [SWY- TSX; SWYDF-OTC] has a 100% interest in the Renard diamond mine 350 km north of Chibougamau. Q1 2018 production was 285,851 carats produced from processing 562,520 tonnes of ore averaging of 51 cpht. A total of 399,135 carats were sold in three tender sales for gross proceeds of $56.4 million at an average price of US $112/ carat. Included in the sales was a 37-carat Type II-a, D colour, internally flawless stone that sold for US $1.3 million (US $36,000 per carat). Tarku Resources Ltd. [TKU-TSXV] released the results of a 2,469-metre drilling program on the Guercheville polymetallic project 50 km southwest of Chapais that confirmed the potential of the Fenton Lake West surface showing. Julien Davy, President and CEO, said, "In addi- tion to the known surface showings, the strong potential of the Guercheville Project has been demonstrated once again by the discovery of new mineralized intersec- tions, such as 16.7 g/t gold over 1 metre, in a previously unknown horizon." TomaGold Corp. [LOT-TSXV], 45%, and IAMGOLD, 50%, drilled 2.62 metres of 72.17 g/t gold, including 1.30 metres of 67.22 g/t gold at the Monster Lake project 50 km southwest of Chibougamau. There were other good assays, for example, 5.32 metres of 40.94 g/t gold, including 0.70 metres of 251.0 g/t gold. IAMGOLD is earning a 75% interest. Troilus Gold Corp. [TLG-TSXV] intersected 2.28 g/t AuEq over 41 metres, including 4.06 g/t AuEq over 6 metres at its past-producing Troilus gold-copper mine northeast of the Val-d'Or district, where it wants to resume production. From 1997 to 2010, Inmet Mining oper- ated the open pit mine, producing more than 2,000,000 oz gold and nearly 70,000 tonnes of copper. Sirios Resources Inc. [SOI-TSXV; SIREF-OTC] has six projects in northern Québec. Drill hole 139 intersected 56.4 g/t gold over 8.2 metres, including 867.1 g/t gold over 0.5 metres from the Jordi Zone on the Cheechoo gold property in the James Bay region. n QUÉBEC

Articles in this issue

Links on this page

Archives of this issue

view archives of Resource World Magazine - Resource World - August-September 2018 - Vol 16 Issue 5