PC Gold has announced the additional results of the 2012 drilling program conducted in the Shaft 3 region, which is situated in Pickle Crow mine. The newly discovered No. 22 vein has been the focus of the drilling program and previously encountered 444.38 g/t gold over 1.50 m.
The company has drilled five out of six holes at the No. 22 vein. Visible gold was returned from four holes. More fine-grained visible gold was yielded in a hole PC-12-253, including 137.19 g/t gold over 1.00 m.
The company has encountered 34.48 g/t gold over 0.75 m and 25.69 g/t gold over 1.50 m in the hole PC-11-253.
PC Gold’s CEO and President, JP Chauvin stated that the company has received initial results from the 2012 drilling program that are encouraging. It will continuously encounter more intercepts from the Shaft 3 region.
The No. 22 vein and adjacent gold-bearing veins are situated in the No. 3 Shaft’s southern parts are present in the Confederation Assemblage’s gabbroic and volcanic rocks. This vein may show the No. 8 vein structure’s up dip outcrop. The focus of this drilling program will continue on these veins at near-surface depths.
The No. 22 vein and other high-grade near-surface veins present in the Shaft 3 region may probably contribute further resources to the Pickle Crow mine that has a 1.26 Moz of NI 43-101 inferred gold resource.