The new results come from the last eight (8) holes totaling 1,920 metres from the 15 holes drill program (2,966 metres) completed this summer. These holes were mainly designed to test the western and southern extensions of the New Beliveau gold system close to the surface (Figures 1 and 2). These holes outlined significant new gold intercepts in many ENE shallow dipping structures to the south, to the west and to the east of the historical gold production at the former Beliveau gold mine. All the results are presented in Table 1 and best drilling intercepts, in core length, are presented below:
Hole PC-14-80: 11.2 g/t Au over 5 metres within an ENE shallow dipping gold zone;
Hole PC-14-77: 6.0 g/t Au over 3.1 metres within an ENE shallow dipping gold zone;
Hole PC-14-79: 0.9 g/t Au over 14 metres, 1.9 g/t Au over 13 metres and 2.6 g/t Au over 5.1 metres within of ENE shallow dipping gold zones;
Hole PC-14-78: 3.0 g/t Au over 3 metres within ENE shallow dipping gold zones.
"This final batch of assay results continues to meet our expectations. With all the positive results from our latest 3,000 metres drilling program, we demonstrated the strength and continuity of the mineralization and confirmed the strong potential to add resources to the New Beliveau gold deposit. We made a new discovery to the east and the gold deposit is still open to the south and to the west," commented company president and CEO Marco Gagnon. "We are now executing mechanical stripping work between hole PC-14-69 and PC-14-72 and planning additional drilling for this fall."
Holes PC-14-77 to PC-14-80 intersected many ENE shallow-dipping gold zones between the surface and 200 metres deep. In hole PC-14-80, a cut of 11.2 g/t Au over 5 metres at 147 metres depth was intercepted in an ENE shallow-dipping gold zone, extending the New Beliveau gold system further to the south. From its part, hole PC-14-77 confirmed the extension of several ENE shallow-dipping gold zones 200 metres to the west with an intercept of 6 g/t Au over 3.1 metres at a depth of 55 metres.
Hole PC-14-76 intersected a new dyke-type mineralization close to the western boundary property limit with a cut of 0.9 g/t Au over 7 metres. Hole PC-14-82 which was testing an IP anomaly 1 kilometre south of the New Beliveau deposit intersected a gold structure grading 1.0 g/t over 3 metres at 11 metres depth. The hole PC-14-83 which was exploring east of the historical production intersected a new gold structure grading 3.0 g/t Au over 3 metres at 135 metres depth. Hole PC-14-81 targeting an ENE gold structure intersected barren dykes swarm.
