Posted in | Gold | Discoveries

Jiminex Discovers New Gold Zones on Ontario's Pickle Lake Gold Region

Jiminex Inc. is pleased to report that the 100%-owned Misehkow River Property, Pickle Lake gold region, Ontario is now drill-ready. Condor Consulting Inc., Lakewood, Colorado, recognized experts in the field of airborne electromagnetics, were retained to interpret the 2009 VTEM airborne geophysical survey.  Their report indicates the presence of 5 gold target zones which are spaced across 30 kilometres of iron formation, a favorable regional gold host rock. 

Condor recommends a 3,000 metre, 16 drill hole program.  Mr. Parres comments "We are excited about getting our drill program at Misehkow River underway as these 5 target zones have never been drilled. Most of this extensive, favorable iron formation on our Misehkow River property is buried under overburden and can only be tested by drilling. The rocks and structures tell us that there is a very good opportunity here to locate another Pickle Crow, Central Patricia or Musselwhite-type of gold deposit."

The Misehkow River property has noteworthy historical gold assay value diamond drill intercepts of up to 12.4 grams per tonne over 0.71 metres (0.362 ounces/ton over 2.2 feet) and value/width intercepts of up to 3.84 grams per tonne over 6.4 metres (0.11 ounces/ton over  21.0 feet).  Jiminex Inc. now owns a substantial strike length of under-explored iron formation and associated rocks considered to have a high potential for Pickle Lake and Mussewhite-style gold mineralized deposits.

The Misehkow River property presently consists of two blocks of claims covering 23 kilometres of iron formation lithology which is a favorable host environment for gold deposits in the Pickle Lake gold area.  The new West Block has 47 claim units having an area of 9.0 square kilometres and covering 7 kilometres of iron formation.  The East Block now consists of 213 claim units having an area of 34.1 square kilometres and covering 16.5 kilometres of iron formation.

Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is the qualified person responsible for the geotechnical content of the Company's public information.

Source: JIMINEX INC.

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