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Upper Canyon Minerals, 3D Drill Tour

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Upper Canyon Minerals, 3D Drill Tour

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by : resourceINTELTV on Jan 17, 2012

Categories: Mining

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Duration: 05:45

Upper Canyon Minerals, 3D Drill Tour's Description

Along the 450 km stretch of land between Timmins, Ontario and Val d’Or in Quebec—otherwise known as the Porcupine-Destor Fault Zone—are 110 million ounces of historic gold production.rnrnAt the eastern end of this vast mineral belt lies the Val d’Or mining camp which alone has produced 18 million ounces gold. And 30 km to the east of the city of Val d’Or—the Valley of Gold—lies Upper Canyon Minerals’ Brosnor gold project.rnrnThe project area totals 923 ha and is intersected by a major highway. Brosnor also enjoys all the infrastructure typically found in a world class mining jurisdiction, including easy access to a work force, power and water, and support from the Quebec government. For every dollar spent on exploration at the project, the government of Quebec returns $0.40 to the company. Additionally, there are numerous mills located nearby, with capacity to custom mill.Upper Canyon is investigating the potential of custom milling to handle the 5,000 tonne bulk sample and future underground ore as well as existing stockpiles.Exploration has outlined several prominent anomalies on the project, including the Adelemont zone, Norcourt zone and the Bermont zone — each approximately 500 metres from the next.In 1986, a 680 metre decline was completed into the Adelemont zone to allow access for exploration to a depth of 100 metres. Drifts were also completed to provide access for drilling into to the nearby Norcourt zone.Drilling at Brosnor dates back to 1945, with 209 holes completed through 1987.In 1985, an historic, non-NI 43-101 compliant resource estimate was completed on the project totaling 215,110 tonnes grading 4.82 g/t Au in the Adelemont zone. Another 262,222 tonnes grading 4.82 g/t Au were reported for the Norcourt zone. (This calculation does not meet the standards as outlined in National Instrument 43-101, “Standards of Disclosure for Mineral Projects”, has not been independently validated or verified, and should not be relied upon.)With these early positive results, the Brosnor project demonstrated excellent potential for further exploration. However, in the late 1980s, due the the falling price of gold, Brosnor was abandoned. It took over a decade of depressed gold prices before the potential value of the Brosnor project once again became eminently clear.rnrnIn 2007, with the price of gold primed to breach $1,000 per ounce again, Upper Canyon was able to acquire the Brosnor project.rnrnDrilling by Upper Canyon between 2008 and 2011 has confirmed and expanded on past successes. The company has completed 14 holes on Adelemont, 15 holes at Norcourt and 7 holes at Bermont.rnrnAdelemont has multiple mineralized zones starting from a depth of approximately 58 metres. The zone is approximately 100 metres long and is mineralized to a depth of 300 metres. Assays range to 3.15 metres grading 5.73 g/t gold in DDH-08-10. An interval 16 metres lower intersected 3.3 metres grading 4.35 g/t Au. Adelemont plunges to the west and is open at depth.rnrnThe Norcourt and Bermont zones are similarly mineralized, with multiple zones down hole. In Nourcourt, drill hole BN-11-23 had 6 mineralized zones starting from a depth of 135 metres. Norcourt, which trends east-west, remains open to the east and at depth.rnrnThe Bermont zone has at least three significant gold bearing intervals, with grades ranging from 1.6 metres grading 30.93 g/t at a depth of just 26 metres to 4 metres grading 2.86 g/t at 99 metres. Bermont, which also trends east-west, remains open to the east and west, and at depth.rnrnThe Adelemont and Norcourt gold occurrences are located along a major ESE-WNW trending structure. Directly along strike, less than one kilometre to the west of the Adelemont zone and just outside the western limit of the Brosnor property lies the Monique deposit. Drilling by Richmont Mines at Monique has returned excellent grades of 6.8 g/t Au over 21.3 metres.rnrn2012 has the makings of a watershed year for Upper Canyon Minerals. In March the company plans to start the de-wartering of the decline with the intention of completing a 5,000 ton bulk sample.rnTwo drill programs are slated for the Adelmont, Norcourt and Bermont zones. This drilling has been designed to confirm historic drilling (Adelmont), define known mineralization (Bermont) and also to test new possible mineralized extensions (All zones).rnrnAdditionally, new 3D modeling will be completed along with more IP surveys for areas of known mineralization.rnrnAll this will lead to an initial resource estimate, which the company expects to begin by Q4 2012.