Excellon Resources has released further results from the 2012 winter drilling program that was conducted recently at the Beschefer project, which is situated in Northwest Quebec.
The company carried out a 2012 winter diamond drill program at the Beschefer project and drilled 8,867 m, totaling 33 holes, targeted to extend the formerly identified B-14 Zone. The Beschefer project is situated 12 km towards the eastern part of the Selbaie mine and 60 km towards the northeastern part of the Casa Berardi Mine.
Excellon cut 13.85 g/t gold over 0.30 m and 3.80 g/t gold over 4.35 m in the hole BE11-001, 63.5 g/t gold over 0.43 m and 12.4 g/t gold over 3.78 m in hole BE11-003, 58.5 g/t gold over 1.50 m and 13.07 g/t gold over 8.75 m in hole BE12-014 during the 2011 drill program.
During 1995, Billiton Canada identified mineralized gold in the B-14 Zone. Mineralized gold found in the B-14 zone has identical characteristic of other shear zone present in mesothermal gold deposits. The analytical and geological results are consistent with the results, which were encountered earlier from the B-14 Zone along with the zone that continues as a moderately dipping shear zone, which were noticed by increased carbonate and sericite alteration, quartz vein, and pyrite.
Excellon’s VP for Exploration, Canada, Heather Miree stated that the company’s 2012 winter drilling program continuously indicates the B-14 Zone’s potential to have a gold deposit that are economically-exploitable. Excellon is expecting to complete the drill core assaying at the project and will test this potential, after the arrival of assay results, according to Heather.