Kapuskasing Gold (TSXV:KAP) has identified 2 different gold bearing relationships at the Racicot Gold Showing, at the Rollo Property in northern Ontario.
Kapuskasing Gold (TSXV:KAP) has identified 2 different gold bearing relationships at the Racicot Gold Showing, at the Rollo Property in northern Ontario. The first one is a north bearing quartz vein system sampled in 3 locations over 30 meters of strike returned up to 8.59 g/t over 0.6 meters and a syenite/porphyry dike system crosscutting the quartz vein system which sampled up to 11.41 g/t along its contact with east-west trending mafic metavolcanics. Further testing on these 2 gold bearing relationships is planned.
As quoted in the press release:
The recent program was comprised of prospecting, mapping and sampling (grab and channels). A total of 12 channel samples and 3 grab samples were taken from the Racicot gold showing (see website for map). The channel saw-cuts and grab samples focused on two exposed areas at the Racicot gold showing and determined that there are two principal gold bearing relationships.
Gold mineralization associated with:
- A north bearing quartz, quartz carbonate vein system that cross cuts the east-west trending mafic metavolcanics and
- A syenite/porphyry dike system that trends sub parallel to the metavolcanics.
From observations of the limited geological exposure, the dike system seems to crosscut the quartz vein system. The sampling of the quartz vein system in three locations over an approximate 30 meter strike length included 8.82 g/t gold over 0.6 metres. The grab samples were taken at the south contact of the Syenite/Metavolcanics where channel sampling was not possible. The grab samples highlighted the gold concentration along the contact with assays of 1.0, 1.89 and 11.41 g/t gold.
Kapuskasing Gold Exploration Manager, Gerry Clark, said:
“We will be conducting a series of short (~50 meter) diamond drill holes to test both styles of gold mineralization and attempt to add a third dimension to the high grade sampling encountered so far. Drill permits are anticipated to be in place by late August and drilling contracts are currently being evaluated. The Company also continues its discussions with First Nations in the area and expects to sign early exploration agreements in the very near term”.