Founders Metals stock surges to new high on Antino drill results
The new results are highlighted by another high-grade interval of 6 metres at 5.31 g/t gold.
Montreal’s Osisko Metals has applied a geological analysis of the Key Anacon deposit and the Bathurst Mining Camp, and pinpointed 10 new greenfield exploration targets.
Osisko has been in a property acquisition mode near the Key Anacon and Gilmour South deposits as well as the former Brunswick No.6 and No.12 zinc-lead mines. The company now has 100% ownership along a 72 km of strike length of the Brunswick Horizon. The 10 new targets are between surface and 200 metres vertical depth. They will be drill tested this year.
The company said that 2018 drill program at Key Anacon and Gilmour South confirmed the presence of the Brunswick Horizon in these two deposits, and it predicts the presence of the structure between the two. The belt includes 37 km of strike length that is virtually unexplored.
The re-analysis of the properties included innovative geochemistry, geophysics and geology data and advanced 3D modeling techniques. Data from the government of New Brunswick and the Osisko exploration team were used to generate the new targets using Common Earth Models in GoCAD software.
(This article first appeared in the Canadian Mining Journal)
