Issue link: http://resourceworld.uberflip.com/i/1190748
D E C E M B E R / J A N U A R Y 2 0 2 0 www.resourceworld.com 43 merly Pivit Exploration, is exploring its 12,300-hectare district-scale Whirlwind Jack gold project adjacent and geologically on strike to Great Bear's Dixie Project. Preliminary structural and stratigraphic investigations are underway. The Phase one field program will, among other objectives, prospect and map multiple target areas which the company has pre-identified from ongoing research as potentially intersecting the interpreted strike-extent of the LP Fault structure and areas of potential outcrop. The focus of the current program is on the eastern portion of the Whirlwind Jack Project. An aero- magnetic survey is underway. Rubicon Minerals Corp. [RMX-TSX; RBYCF-OTCQX] has released additional assay results from its 2019 drilling program at its 100%-owned Phoenix gold proj- ect in the southwestern part of Bateman Township. Assay result highlights, as of September 30, 2019, represent approxi- mately 13,000 metres of drilling. Drilling at the 610 and 685-metre lev- els had the objective of upgrading and expanding the 2019 mineral resource estimate (not true widths) produced the following highlights: • 685L-19-06: 7.25 g/t gold over 3.6 m (high titanium basalts); • 685L-19-07: 22.89 g/t gold over 1.3 m (incl. 91.91 g/t over 0.8 m) (high Ti basalts); • 685L-19-07A: 9.88 g/t gold over 1.0 m (high Ti basalts); The 2019 diamond drilling program was designed to upgrade a significant portion of the Inferred mineral resource estimate to the Measured and Indicated categories, as well as advance the current understanding of the high-grade mineralization potential at depth, below the anticipated 854-metre level. Currently, Measured and Indicated Resources stand at 2.927 million tonnes grading 6.26 g/t gold, for 589,000 ounces. Inferred resources are 2.570 million tonnes at 6.53 g/t gold, for 540,000 ounces. The Phoenix Project consists of the high-grade F2 gold deposit, more than 9,000 metres of underground develop- ment including a 730-metre commissioned shaft and surface infrastructure includ- ing a 1,250 tonne per day mill (currently on care and maintenance), a tailings management facility, electric power and substation, 200-person camp, earth-works and civil-works. Rubicon has completed a robust PEA on their Phoenix Project with a 40.2% after- tax IRR, a $135.2 million after-tax NPV (5% discount) and a 3.9-year payback period. West Red Lake Gold Mines Inc. [RLG-CSE; RLGMF-OTCQB; HYK-FSE] is exploring its West Red Lake Project property. The property hosted three past- producing mines: the Rowan, Mount Jamie and Red Summit. The Rowan Mine has inferred resources of 1,820,000 ounces of gold. Drilling is underway on the NT Zone (on the Rowan claim towards Red Summit) and consists of approximately 12 drill holes designed to follow up and expand on the positive results from the eight holes drilled into gold mineralization reported January 30, 2019. Beginning in 2020, the company plans to continue drilling to expand the NT Zone gold mineralization with programs throughout the year, subject to future financing in 2020. West Red Lake Gold will focus explo- ration drilling on the southern 1-km portion of the 2-km long NT Zone, initially between surface and 200 metres depth. Further exploration on the northern por- tion of the NT Zone will also take place. The NT Zone, located on the Rowan property joint venture (40% Newmont Goldcorp) portion of the West Red Lake Project, trends north-east from the south property boundary for 2 km to where this regional scale structure intersects with the east-west trending Pipestone Bay St. Paul Deformation Zone. The area of planned exploration on the southern portion of the NT Zone is located approximately 800 metres south of the former producing Rowan Mine. n RED LAKE