St. Eugene Mining has reported new results of the diamond drilling at the Amisk Gold joint venture project, northeast Saskatchewan. The company has intersected 1.88 g/t gold, 12.4 g/t silver over 24.61 m in the hole AL-11-301 and 0.51 g/t gold, 2.5 g/t silver over 89.75 m in the hole AL-11-306.
Location map of the Amisk Gold JV Project
The CEO and President of the company, has stated that the drilling campaign during the fall and summer season at the project has extended the deposit’s limits to the southeast and east direction, and it will be a vital feature in evaluating the improvements to the mineralization in the existing resource model.
The company has drilled 5,500 m, totaling 18 holes, at the Amisk Gold JV. It has received the assay results for 14 holes and the four remaining holes, which are to be assayed, were finished to assess the system’s continuity to more than 600 m of depth.
The drilling campaign has examined from the surface to depth of over 250 m and has been planned to extend the project’s limits and infill in the deposit’s east and north part.
St. Eugene has encountered mineralized sulphide, compatible with the existing resource model and the mineralization is present in basaltic tuffs, quartz porphyritic and rhyolitic lapilli tuffs series. The continuity of the gold mineralization has been validated by the 14 drill holes in the east and north part of the deposit and the holes have confirmed the extension potential to the southeastern and east direction.
The Amisk Gold project is a joint venture between St. Eugene and Claude Resources. St. Eugene has a 35% of participating interest in this project, wherein Claude has a 65% interest and operates the joint venture.