MetalCorp has announced it is starting a first stage of deep drill program on its Hemlo East Gold property in northwestern Ontario.
The property is along a southeast trend from Barrick Gold's Hemlo Mine and is 35 kilometres east of the Town of Marathon. The Hemlo gold deposit is two kilometres from the Hemlo East boundary claim.
The first three holes will go down more than 1,000 metres to test two high priority targets identified by the Thunder Bay junior miner's technical team.
Later in the spring, more drilling will be done to test a second target, Gouda Lake, to the southeast.
Prior to MetalCorp acquisition and consolidating of the Hemlo East land package between 2007 and 2009, the property had been held by Lac Minerals since the discovery of the Hemlo deposit. Lac, together with Placer Dome, tested many near-surface targets and drilled nearly 150 holes, mostly in the Gouda Lake gold zone. The company said there is a “rich exploration database” on the property including a “modest non-compliant NI 43-101 gold resource.
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