Northstar Gold Corp is getting set to develop tonnage and grade range estimations within an exploration target model for the near-surface Allied Syenite Gold Zone Bulk Tonnage Zone on its Miller Gold property in Ontario.
Recent exploration and step-out drilling successfully defined the near-surface Bulk Tonnage Allied Syenite Gold Zone as a 350 metre by 200 metre surface zone that includes multiple gold intercepts, the company said.
Drilling in 2021 successfully doubled the volume of the Zone, which remains open at depth and along strike, it added.
READ: Northstar Gold says last year's exploration at Miller more than doubled Allied Syenite gold zone footprint
A total of 6,332 metres in 22 holes has been drilled on the Allied Syenite to date.
Northstar has hired Ronacher McKenzie Geoscience Inc and SRK Consulting (Canada) Inc to develop the model.
"Northstar now has sufficient drilling and encouragement to provide basis to formally define an Allied Syenite Gold Zone Exploration Target," Brian Fowler, CEO of Northstar said in a statement.
"This is the next logical exploration step preceding additional step out expansion drilling and commissioning a NI43-101 Mineral Resource estimation. Northstar's strategy is to develop a material mineral resource base at the Allied Syenite Gold Zone to support an eventual mining operation at the Miller Gold Property."
Miller is located 18 kilometres southeast of Kirkland Lake and Agnico Eagle Mines' Macassa SMC gold mine. Northstar believes that the property 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 Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas