Threegold Resources Inc. (CVE:THG) acquires a 100% interest in the former Standard Gold Mine from Big Bang Resources Inc.
Threegold Resources Inc. (TSXV:THG) acquires a 100% interest in the former Standard Gold Mine from Big Bang Resources Inc.
The press release is quoted as saying:
The former Standard Gold Mine is located in Duverny Township some 19km northeast of the town of Amos, Québec. It lies along the projected extension of the Destor – Porcupine Fault, a major regional structure responsible for numerous gold deposits in Ontario and Quebec within the Abitibi Greenstone Belt. The Standard Gold mine operated between 1935 and 1953 producing an unreported quantity of gold. The current in-situ resource as determined in a resource evaluation by Genivar is estimated at 136,498t at a grade of 4.25g/t1. The mineralization is contained within a diorite sill trending 100-115 degrees with a width ranging between 150 to 200m. The sill has been traced through its geophysical signature over a distance of 3.0km.