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Video: Upper Canyon Minerals, 3D Drill Tour
Brosnor gold project promises multiple mineralized zones
Along the 450 km stretch of land between Timmins, Ontario and Val d’Or in Quebec—otherwise known as the Porcupine-Destor Fault Zone—are 110 million ounces of historic gold production.
In 2007, with the price of gold primed to breach $1,000 per ounce again, Upper Canyon was able to acquire the Brosnor project.
Drilling by Upper Canyon between 2008 and 2011 has confirmed and expanded on past successes. The company has completed 14 holes on Adelemont, 15 holes at Norcourt and 7 holes at Bermont.
Adelemont has multiple mineralized zones starting from a depth of approximately 58 metres. The zone is approximately 100 metres long and is mineralized to a depth of 300 metres. Assays range to 3.15 metres grading 5.73 g/t gold in DDH-08-10. An interval 16 metres lower intersected 3.3 metres grading 4.35 g/t Au. Adelemont plunges to the west and is open at depth.
The Norcourt and Bermont zones are similarly mineralized, with multiple zones down hole. In Nourcourt, drill hole BN-11-23 had 6 mineralized zones starting from a depth of 135 metres. Norcourt, which trends east-west, remains open to the east and at depth.
The Bermont zone has at least three significant gold bearing intervals, with grades ranging from 1.6 metres grading 30.93 g/t at a depth of just 26 metres to 4 metres grading 2.86 g/t at 99 metres. Bermont, which also trends east-west, remains open to the east and west, and at depth.
The Adelemont and Norcourt gold occurrences are located along a major ESE-WNW trending structure. Directly along strike, less than one kilometre to the west of the Adelemont zone and just outside the western limit of the Brosnor property lies the Monique deposit. Drilling by Richmont Mines at Monique has returned excellent grades of 6.8 g/t Au over 21.3 metres.
2012 has the makings of a watershed year for Upper Canyon Minerals. In March the company plans to start the de-wartering of the decline with the intention of completing a 5,000 ton bulk sample.
Two drill programs are slated for the Adelmont, Norcourt and Bermont zones. This drilling has been designed to confirm historic drilling (Adelmont), define known mineralization (Bermont) and also to test new possible mineralized extensions (All zones).
Additionally, new 3D modeling will be completed along with more IP surveys for areas of known mineralization.
All this will lead to an initial resource estimate, which the company expects to begin by Q4 2012.
This presentation may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Issuer relies upon litigation protection for forward-looking statements. This piece is for information purposes only and is not a recommendation to buy or sell any securities.