Minnova Corp announced further assay results from its Summer 2020 PL Mine on-lease exploration and resource expansion drilling program at PL Gold Mine in central Manitoba.President and CEO Gorden Glenn said "Results from the 2020 summer drilling program were an overwhelming success and demonstrate the exploration upside and resource expansion potential within the permitted Mineral Lease boundary. Notably high-grade gold was intercepted at, or near surface in holes M-20-02, 09 and 10, highlighting the untapped near surface potential of the PL Mine Property. In addition to the highlighted results in Table 1 we observed several new mineralized structures in the Footwall Tonalite with anomalous gold grades ranging form 0.5 g/t to 1.5 g/t over core widths of up to 9 meters. It is also important to note that all the drilling was completed within 500 meters of the permitted 1000 tpd mill and could have a positive impact on not only future resource estimates but also future development plans due to the location proximal to the mill. This will be evaluated in 2021 as we update our reserve and resource estimates and review our mine development plans.
Highlighted intercepts include
11.7 g/t over 1.00 m
7.55 g/t over 1.00 m
6.99 g/t over 1.50 m
6.92 g/t over 1.20 m
10.7 g/t over 1.00 m
11.4 g/t over 1.00 m
The purpose of the drilling program was to demonstrate the exploration and resource expansion potential of the PL Mine property. Holes M-20-01 through M-20-11 are all located outside the November 2017 mineral resource and reserve estimate resource wireframes and were designed to test the PL North target area to potentially expand the current PL Mine resource whereas holes M-20-12 and 13 were located within the current resource area to potentially expand and upgrade the current resource.
Additional exploration and resource expansion drilling is planned to restart in mid-late November targeting further resource expansion and even greater step outs along strike. In addition, future drilling will target new mineralized structures in the Footwall Tonalite.
Posted By : Yogender Pancholi on Fri, 23 Oct 2020