Trans Canada Gold prepares Phase 2 drilling at Harrison Lake as PhotonAssay results remain pending
Trans Canada Gold has completed financing of over $2.2 million to support Phase 2 underground drilling and exploration at the Harrison Lake Gold Project, while PhotonAssay results from Phase 1 remain pending.
Trans Canada Gold Corp. (TSXV:TTG; OTCQB:TTGXF) has completed financing of over $2.2 million to support Phase 2 underground drilling and proposed exploration at the Harrison Lake Gold Project in Southwestern B.C. The company said Phase 1 drilling was completed at the end of August, with PhotonAssay results from the programme still pending.
Trans Canada Gold intends to allocate approximately $1,700,000 of the financing proceeds to Phase 2 underground drilling and exploration on Bear Mountain. Exploration personnel have been mobilised, and drilling is expected to begin in mid-November.
The planned work includes testing a series of untested “gold in soil anomalies” extending for several kilometers south of the Jenner and Portal Zones. The company considers these targets high priority. Limited drilling during the 1980's and early 2000' identified diorite-hosted, gold-bearing quartz-pyrrhotite veins two kilometers south of the existing underground workings.
The Phase 1 programme was designed to assess historic drilling results from the Jenner Zone. It was also adjusted to examine the isolated deep intercept DDH 88-121, which the company said was not included in historic resource estimates.
Core samples have been sent to Paragon Geochemical Laboratory services in Surrey, B.C., for gold analysis using PhotonAssay. Trans Canada Gold said recent use of the method on the property indicated that historic fire-assay methods may have under-reported gold contents in historic drill-core samples.
Selected subsamples and master-composite pulps were also submitted for independent check analysis. The company said the primary assay data, laboratory QA/QC results and independent check-assay results will be compiled for review by the company and its Qualified Person.
The company said it has completed an underground mine refurbishment programme that included updated electrical facilities and drill-pad set-ups for future diamond drilling. Additional safety protocols have been implemented.
Further infrastructure upgrades are expected to improve underground drill set-ups, electrical facilities and access. Drill core is being secured, stored, catalogued and prepared for analysis, splitting and logging. The underground work and targeted drilling are under the supervision of Carl von Einsiedel, P. Geo., the project manager.
#Harrison Lake project setting and historic results
Trans Canada Gold said the project covers a 7-kilometre strike length of the Harrison Lake Structural Zone. The Jenner and Portal Zones contain stockwork-type gold mineralisation within diorite intrusions, with gold-bearing quartz-pyrrhotite veins.
The company reported several historic drill results, including DDH-84-52, which intersected 102 meters of 3.54 g/t gold. DDH 88-76 intersected 7.0 meters averaging 21.4 g/t, while DDH 88-121 intersected 9.0 meters averaging 13.5 g/t. The company also said DDH 88-130, which tested the Hill Zone, reportedly returned 30 meters averaging 3.0 g/t.
A corridor of similar diorite intrusions and “gold in soil” anomalies extends for more than two kilometers south of the original gold discovery. The company said the mineralised intrusions are located along a regionally extensive shear zone adjacent to a large diorite batholith. It describes the geological characteristics as similar to intrusion-related gold deposits identified in the Yukon's Tintina Gold Belt.
The project is fully permitted for targeting identified and known gold zones, according to the company. Michael Magrum, the exploration manager and a Qualified Person under National Instrument 43-101, reviewed and approved the scientific and technical information in the announcement.
Trans Canada Gold stated that the Qualified Person had not verified mineralisation on adjacent, nearby or geologically similar properties. The company added that mineralisation on those properties is not necessarily indicative of mineralisation on its own properties.
Trans Canada Gold completed financing of over $2.2 million for planned work at the Harrison Lake Gold Project.
The company intends to use approximately $1,700,000 for Phase 2 underground drilling and exploration.
Drilling is expected to begin in mid-November on untested “gold in soil anomalies” south of the Jenner and Portal Zones.
Phase 1 drilling was completed at the end of August, and PhotonAssay results remain pending.
Additional infrastructure upgrades are expected, while the company has implemented additional safety protocols and disclosed limitations on verification of mineralisation at nearby or geologically similar properties.
Trans Canada Gold Corp. announced that it had completed financing of over $2.2 million to advance Phase 2 underground drilling and proposed exploration work at the Harrison Lake Gold Project in Southwestern B.C. The company also said it was awaiting PhotonAssay results from its completed Phase 1 drilling programme and expected Phase 2 drilling to begin in mid-November.
Trans Canada Gold Corp. said it had completed financing raising over $2.2 million. The company intends to use approximately $1,700,000 of the proceeds for Phase 2 underground drilling and exploration.
Trans Canada Gold Corp. said exploration personnel had been mobilised and drilling was expected to begin in mid-November. Detailed drill planning was also underway for the Harrison Lake Gold Project on Bear Mountain.
Trans Canada Gold Corp. plans to drill a series of untested “gold in soil anomalies” extending for several kilometres south of the Jenner and Portal Zones. The company said these anomalies are interpreted as high-priority targets, with limited historical drilling identifying diorite-hosted, gold-bearing quartz-pyrrhotite veins two kilometres south of the existing underground workings.
Trans Canada Gold Corp. completed Phase 1 drilling at the end of August. The programme was modified to confirm the isolated deep drill intercept DDH 88-121, which the company said had not been incorporated into historic resource estimates.
Trans Canada Gold Corp. said the PhotonAssay results from Phase 1 drilling were pending. Core samples had been submitted to Paragon Geochemical Laboratory Services in Surrey, B.C., and the primary assay, laboratory QA/QC and independent check-assay results will be compiled for review by the company and its Qualified Person.
Trans Canada Gold Corp. said PhotonAssay is now the standard method for analysing deposits containing free gold. The company also said recent use of the method on the property had demonstrated that historic fire-assay techniques may have under-reported gold contents in historic drill-core samples.
Trans Canada Gold Corp. said it had completed an underground mine refurbishment programme, including updated electrical underground facilities and underground drill-pad set-ups for future diamond drilling. Additional infrastructure upgrades are expected to optimise underground drill set-ups, electrical facilities and access, while additional safety protocols have been implemented.
Trans Canada Gold Corp. reported DDH-84-52 intersected 102 meters of 3.54 g/t gold, while DDH 88-76 intersected 7.0 meters averaging 21.4 g/t and DDH 88-121 intersected 9.0 meters averaging 13.5 g/t. The company also said DDH 88-130, which tested the Hill Zone, reportedly returned 30 meters averaging 3.0 g/t.
Trans Canada Gold Corp. said the property covers a 7-kilometre strike length of the Harrison Lake Structural Zone, with stockwork-type gold mineralisation within diorite intrusions at the Jenner and Portal Zones. The company described the mineralised intrusions as being localised along a regionally extensive shear zone adjacent to a large diorite batholith.
Tim Coupland, President and Chief Executive Officer of Trans Canada Gold Corp., said the company was starting Phase 2 underground drilling with the aim of expanding the Harrison Lake Gold Project. The company said it was reviewing operating efficiency and lowering operating costs to maximise future drilling opportunities, and stated that it was positioned to capitalise on forecasted high gold prices.
Trans Canada Gold Corp. said Michael Magrum, its exploration manager and a Qualified Person under National Instrument 43-101, had reviewed and approved the scientific and technical information in the release. The Qualified Person had not verified mineralisation on adjacent, nearby or geologically similar properties, and the company said that mineralisation on those properties was not necessarily indicative of mineralisation on its own properties.
Trans Canada Gold Corp. describes itself as a Canadian discovery-focused gold exploration company focused on acquiring and drilling advanced gold, silver and critical base-metal mineral assets in Canada. It also describes itself as an oil and gas resource development exploration company focused on conventional heavy-oil exploration properties and on developing and drilling oil and gas assets in Alberta with working-interest partners.
Trans Canada Gold Corp. identifies its listings as TSXV:TTG and OTCQB:TTGXF.