Canadian public company, Bison Gold Resources has provided an update on the exploration results from the ongoing drill campaign on the Ogama Structural Corridor located on the firm’s Central Manitoba property.
Assay results from the initial five holes of the drilling campaign were released on March 12, 2012. OG-12-12 drill hole targeted the 420 Zone and also the Ogama veins 1 and 2 located 50 m west along strike from the OG-12-05 discovery hole. The entire targets intersected 1.34 g/t gold over 49.5 m in the 420 zone at a perpendicular depth averaging 230 m.
According to David Benson, a qualified person for Bison Gold, the alteration zone that contains mineralization is stronger and thicker when compared to the OG-12-05 discovery hole.
The OG-12-06 drill hole targeted the 420 Zone 150 m beneath the intersection from the OG-12-05 drill hole. The drill hole intersected 12 m with a grade of 0.65 g/t gold at a perpendicular depth of 400 m, thus confirming the new zone’s depth extension. The remaining drill holes targeted a number of zones in the Ogama Structural Corridor and included mainly infill drilling and step-out holes except for the OG-12-09 drill hole, which targeted a mineralized structure that was identified during surface exploration at the west of the Rockland mine workings. However, due to extreme deviation of the drill hole, the OG-12-09 and OG-12-10 drill holes were discarded before the target zones could be attained. Targeted horizons were intersected by the remaining holes. These holes also intersected additional anomalous zones that were not formerly discovered or reported. These zones are called New footwall and New hangingwall.
Since 2006, the company has performed more than 26,000 m on the Central Manitoba property, making it the second active mineral exploration firm in the area after SanGold, a gold producer. In view of significant and consistent grades, the company expects to publish its initial resource by Q3 of 2012.
Bison Gold Resources has recently acquired an l 14,615 ha of potential mineral claims in the Rice Lake Greenstone Belt, making the company as the largest single-held mineral claim holder in the region.