MetalCorp has released the channel sampling program results from the newly optioned Solomon Pillars property, which is situated in the Beardmore-Geraldton greenstone belt in Ontario.
The company intersected four channels to sample the mineralized and altered iron structure in the property’s previous shaft region. It chose the locations for validating the early work results provided by the other companies and was sampling continually in every channel.
The company encountered 8.92 g/t gold over 4.9 m in the channel SPC-11-01, 11.52 g/t gold over 6.0 m in the channel SPC-11-02, 8.23 g/t gold over 1.0 m in the channel SPC-11-03 and 4.67 g/t gold over 7.0 m in the channel SPC-11-04.
MetalCorp’s President, Chris Dougherty, stated that the previously completed work at the location has revealed that this property has significant potential. He added that the sampling results are positive. These results together with collected additional data during the current field work for preparing the future drilling efforts and geophysical surveys are encouraging.
Recently, the company reported a planned financing of $1.75 million to assist the current efforts at the property.
The Keezhik Lake property has been sold by the company to Landore Resources Canada by preserving the property’s net smelter royalty. This is a gold property, which is situated on the Keezhik Lake’s north shore that is 120 km to the Pickle Lake’s east-northeast direction in Ontario.
Source: http://www.metalcorp.ca/