Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Mining

Northstar Gold says last year's phase IIB surface exploration program at Miller has extended Allied Syenite gold zone

The best results came from two of the eight areas - C1 and C2 - with the former home to 14.79 grams per ton (g/t) gold over 7 metres (m) and the latter housing 4.52 g/t of the precious metal over 4m

Northstar Gold Corp said its phase IIB surface exploration program at the Miller gold property near Kirkland Lake, Ontario has extended the Allied Syenite gold zone 130 metres (m) to the east and southeast.

Notably, this zone has now been defined by drilling and surface sampling to measure 350m by 200m and remains open along strike to the northwest and southeast.

In all, 529 channel and 46 grab samples were collected from eight stripped areas on the Miller and Searles properties between July and October last year, reported the explorer.

The best results came from two of the eight areas - C1 and C2 - with the former home to 14.79 grams per ton (g/t) gold over 7m and the latter housing 4.52 g/t of the precious metal over 4m, said the company.

READ: Northstar Gold completes drilling at its Miller property in Ontario; closes its private placement

Between October 1 and November 27 last year, Northstar also diamond drilled a total of 2,495m in 14 holes and results will be reported in the "very near term", it added.

Six holes tested the Allied Syenite Gold Zone extensions, two holes examined the recently discovered E Zone and six holes were designed to upgrade a historic resource estimate on the recently acquired Searles property, noted Northstar.

Northstar's flagship property is the wholly-owned Miller gold asset, which sits 18 kilometres southeast of Kirkland Lake and Kirkland Lake Gold's Macassa SMC gold mine.

According to the company, Miller is highly prospective for the discovery of a large-scale, higher grade gold system similar to the deposits of the Kirkland Lake camps that produced over 24 million ounces of gold from seven mines.

Contact the author at giles@proactiveinvestors.com

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK