Northstar Gold Corp (CSE:NSG) (OTCMKTS:NSGCF) (FRA:3WV) reported more drill results from one hole at its flagship Miller gold property in Ontario, which underscores the potential of the near-surface Allied Syenite Gold Zone.
Between March 15 and April 27, 2021, Northstar drilled 1,990 metres (m) in eight holes in a Phase IIA program, which followed up the 2020 near-surface bulk-tonnage Allied Syenite Gold Zone discovery, and mineralized intercepts were obtained in all eight holes.
The results today from one hole include metallic screen analysis of two samples, which were previously released fire assays on May 4, 2021, which showed 175 grams per ton (g/t) gold over 0.6m between 14m and 14.6m and 1,170 g/t gold over 0.5m between 69.5m and 70m depth.
READ: Northstar Gold shares advance as drilling hits near-surface high-grade gold at Miller project
Partial results announced today from the hole showed 6.6 g/t of gold over 117m between 14m and 131m, encompassing the above assays.
"These partial drill hole MG21-56 assay results provide further evidence that Northstar's Allied Syenite Gold Zone has excellent expansion potential for a significant near-surface gold resource with a high-grade component," said Brian Fowler, the CEO of Northstar in a statement.
"The company recognizes the 3 high-grade intercepts sweeten the 117m assayed interval average gold grade, however the presence of a much larger, continuous lower grade gold zone at Miller is supported by the relatively even distribution of 21 samples grading >0.8 g/t Au."
Northstar's flagship asset is its 100%-owned Miller gold property, which lies 18km southeast of Kirkland Lake and Kirkland Lake Gold's Macassa SMC gold mine.
Northstar recently completed an over-subscribed C$2.7 million financing and completed a 1,990m Phase IIA follow up diamond drill program at the Miller asset on April 27, 2021.
It is currently awaiting assay results in preparation for a follow-up Phase IIB drill program, which is scheduled to begin in late June, 2021.
Contact the author at giles@proactiveinvestors.com