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Mining industry

Freewest Resources Discovers New Gold-Bearing Zone in Ontario

Strategic Insights

— 1 min read

Freewest Resources Canada Inc., in association with Detector Resources Ltd., has made a significant discovery of a new gold-bearing zone on the Camking property in Ontario. Located approximately 6 km northwest of Matachewan, the new zone was identified through back-hoe and blast trenching, and initial grab samples have returned values up to 0.203 opt Au, suggesting a minimum width of 50 feet to the zone. The discovery is notable, given its proximity to the Royal Oak Mines Inc.'s Matachewan property, which contains a drill-indicated gold resource of 1.3 million ounces slated for production in 1998.

Key Takeaways:

  • The new gold-bearing zone was discovered on the Camking property, approximately 6 km northwest of Matachewan, Ontario, through back-hoe and blast trenching.
  • Initial grab samples have returned values up to 0.203 opt Au, suggesting a minimum width of 50 feet to the zone.
  • Chip sampling over part of the zone returned a weight-averaged intersection of 0.145 opt Au over 16.4 feet.
  • The new zone is located roughly 300 feet southwest of the original Camking showing (Main Zone), which has returned drill intersections such as 0.305 opt Au over 5 feet, 0.120 opt Au over 7 feet, and 0.110 opt Au over 4.5 feet.
  • Sampling of the Main Zone by Freewest returned values up to 2.441 opt Au from grab samples and a weight-averaged intersection of 0.075 opt Au over 16.4 feet from chip samples.
  • Elsewhere on the property, another structure has been identified which has returned up to 8.500 opt Ag and 0.016 opt Au from grab samples.
  • A grid is currently being cut over the property to facilitate geophysical surveys, additional back-hoe trenching, and diamond drilling.

Statistics:

  • The Camking property is 30 claims in size.
  • Royal Oak Mines Inc.'s Matachewan property contains a drill-indicated gold resource of 1.3 million ounces.
  • The new gold-bearing zone is located roughly 300 feet southwest of the original Camking showing (Main Zone).
  • Grab samples from the Main Zone returned values up to 2.441 opt Au.
  • Chip samples from the Main Zone returned a weight-averaged intersection of 0.075 opt Au over 16.4 feet.

Sources:

  • Freewest Resources Canada Inc., Press Release, September 5, 1995
  • Business Wire, September 5, 1995
  • Detector Resources Ltd., Press Release, September 5, 1995

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