Stroud Resources has announced that the 2011 exploration program is in progress at its Hislop gold project near Timmins in Ontario.
The company has granted a right to St Andrew Goldfields to earn up to 60% interest in the project and has planned to begin a 10,000 m drilling program in around 20 boreholes. At present, St Andrew has one drill at the property and is predicted to bring a second drill in the upcoming months. This drilling program has been planned with an intention to double the current resources at the property.
St Andrew is also scheduling to start the environmental work at the property, which contains the baseline data collection for primary permitting to progress the exploration work. These studies will enhance the former information, which is collected for the environmental study by St Andrew at its Hislop mine property.
The former drilling programs have outlined a mineralized system at the Hislop property that widens over a strike length of around 650 m along with the intersections of drill hole down to 400 m vertically. This mineralized system mainly has quartz veins based on a bi-furcating system, which trends northwest by a central vein system that is plummeting 70° to the south. The auriferous mineralization is exclusively connected with grey veins that are connected with several silica events having slender grained pyrite and cutting former or directly concurrent silicified volcanics, silicified feldspar porphyry and quartz veins.
Source: http://www.stroudresourcesltd.com/