Elgin Mining has reported the results from the initial nine holes that were drilled at the West Zone South of Shaft (WZSOS) zone’s shallow upper part located in the Lupin mine in Canada.
Drilling - Plan View
The property’s previous owners drilled this WZSOS zone. The recent drilling of the company has focused on the former drilling gaps over the prominent mineralized body. This near-surface zone can be the basis of feed for resuming the drilling operations, because of its nearness to the previous ramp that will allow transportation to the surface units and postpone the capital expenses for the rehabilitation of the infrastructure and shaft.
The company intersected 19.09 g/t gold over 1.21 m in the hole L11002, 21.66 g/t gold over 3.20 m in the hole L11003, 19.70g/t gold over 0.94 m in the hole L11004, 7.05 g/t gold over 1.95 m in the hole L11007, 10.01 g/t gold over 1.53 m in the hole L11009.
High-grade mineralized gold was encountered in eight holes. The company is continuing the drill program and is expecting additional results in the early second quarter of 2012.
According to Mr. Patrick Downey, Elgin’s CEO and President, the company is delighted with the initial assay results. It is clear that this zone has been expanded to surface in a same manner as the additional mineralized zones located at the Lupin mine. The widths and grades are constant with the West zone. Currently, the company has planned to develop the underground at around the 200 m level, and to conduct closer-spaced drill program for mine planning goals under and over this level. The company will be completing a NI 43-101 compliant technical report, including a mineral resource calculation for the WZSOS zone and not the upper shallow zone results.