Armistice Resources Corp., which is on target to begin production at its McGarry gold mine in the Kirkland Lake area, recently released a third tranche of “very encouraging” gold assay results for the company's ongoing surface diamond drilling exploration program on its Kerr-Addison property.
“This is the third set of very encouraging assay results that we have released from the drilling program ongoing on the Kerr-Addison's Mill Zone area. Six of the seven holes reported on intersected multiple gold zones (one hole was abandoned before reaching target), including a number of high-grade intercepts,” said Todd J. Morgan, president and CEO, in a press release.
Armistice previously reported, earlier this year, that the results of an initial 15 holes drilled on the Kerr-Addison Mill Zone area showed extensive gold mineralization in multiple locations in most holes. The Mill Zone lies about 700 feet southeast of the mining area of the former Kerr-Addison gold mine
“Now, with the assay data of 22 holes drilled in this area, we have further support for our interpretation that there is an extensive gold-bearing system away from the previous workings on the Kerr-Addison property, extending from the surface to at least 1,400 feet. The Mill Zone was not mined by the previous operators and it has not been systematically drill tested over its interpreted strike length,” Morgan said in the release.
The 22 holes testing the Mill Zone reported to date represent the first phase of testing the Kerr-Addison Mill Zone.
Armistice recently reported that through the end of October it had completed drilling a total of 61 holes totaling more than 67,000 feet. This includes 44 holes for 50,870 feet on the Kerr-Addison property and 17 holes for 16,921 feet on the McGarry property.
The 2012 exploration program will include using surface diamond-drilling rigs, as well as underground drilling that is being carried out at the McGarry Mine.
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