www.goldfinder.ca
Gold Finder Explorations Ltd. ("Gold Finder") is a Canadian resource company, currently trading on the TSX Venture Exchange under the symbol GFN.V, focused on growth through targeting advanced exploration projects. Gold Finder currently holds an interest in two mineral projects being the Golden Rose project located at Emerald Lake, Northern Ontario and the Crescent Mine located in the Silver Lake area of the State of Idaho.
SNS Silver intersects ‘extraordinarily high-grade’ gold at Emerald Lake next to historic mine
SNS Silver Corp (TSX-V: SNS) reported high-grade assays which include 171 grams per tonne (gpt) gold over 6ft, received from hole GR09-29, at the Emerald Lake gold project in northern Ontario, Canada. The company reported only partial assays from GR09-29, which was drilled to confirm the grades and locations of historic mineralization in the Golden Rose mine.
“These assays confirm the existence of extraordinarily high grades in areas adjacent to the historic mine workings”, SNS Chief Executive David Greenway commented. “We are anxious to receive assays on the sampling gaps within this zone, and on other holes that will help determine the extent of mineralization along strike and down dip.”
The headline-grabbing high-grade intersect was contained in a wider 8ft intersection which had an average grade of 131gpt.
GR09-29 was targeted to intersect an area adjacent to historic underground gold workings. The hole cut a well mineralized section of the banded iron formation typical of the Golden Rose mine “core zone” before breaking through into the historic mine workings, SNS stated.
“Two holes which showed more mineralization than hole 29 are in the lab right now, these sort of numbers confirm our thoughts that the historical high grade ore body carries on with strike and width beyond the old workings.”
“The company has made a new high grade gold discovery and looks forward to bringing its shareholder continued good news,” Greenway added.
SNS expects that assays for a number of other holes will be received during the next two months. The company noted that additional drilling will target the area during the second phase of the drilling program.
The company’s primary asset is the wholly-owned Crescent Mine, located in Kellogg, Idaho. The past producing silver mine lies in the Coeur d'Alene mining district, which is the only known district in North America to have produced over one billion ounces of silver.
The Crescent property consists of 24 patented mining claims over approximately 350 acres, alongside 40 acres of surface rights.
