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Blue Thunder Mining Commences Drilling at Fancamp Gold Property

Mining News - Published on Mon, 14 Sep 2020

Image Source: Blue Thunder Mining Fancamp Gold
Blue Thunder Mining Inc announced that it has commenced diamond drilling on the Fancamp Gold Property over the previous weekend. Fancamp is part of the Company's 51,000 hectare Muus Gold Project, strategically located in the heart of the Chibougamau Gold District in central Québec. President and CEO Robert Cinits said "We are excited that diamond drilling has started at Fancamp for our inaugural, fully-funded drilling program. Fancamp is our first of many priority targets for drilling activities and the drilling is designed to not only substantiate selected historical results, but also to test projected extensions to the multiple mineralized veins and zones identified by historical exploration and uncovered during our recent trenching program."

Historical drilling and trenching at Fancamp has outlined a north- to northeast-trending gold mineralized corridor comprising up to six subparallel veins, each spaced 15 to 30 metres apart, that have been intermittently traced for more than two kilometres along strike through the A-, B-, D- and E-Zones. Historical drilling was focused at the two southernmost zones (A and B), returning several significant intercepts averaging between approximately 4 grams per tonne gold and 20 g/t Au over widths ranging between less than a metre to approximately 6 metres. Many of the veins were only tested by a few drill-holes and remain open in most directions. North-plunging mineralized shoots are interpreted to occur at both the A- and B-Zones, and these shoots were historically drilled to vertical depths of approximately 60 to 100 metres and remain open down-dip and along strike. The D-Zone occurs approximately 500 metres to the north of the B-Zone and has only been tested with six historical drill holes, the best returning 4.60 g/t Au over 3.05 metres.

The announced initial diamond-drilling program at Fancamp will consist of approximately 14 holes totaling 3,200 metres and is intended to test the depth and strike extensions of interpreted vein structures at the A-, B- and D-Zones, as well as other subparallel veins and geophysical anomalies along more than one and a half kilometres of strike length (refer to Figure 2 and the Company's press release dated August 25, 2020).

Following the completion of drilling at Fancamp, the Company intends to complete approximately 1,200 metres of drilling on the Company's Muus property at Target Areas 2 and 3, based on the results of the on-going prospecting, planned geophysical surveying (IP/resistivity) and data review, and is subject to the receipt of the appropriate permits.

Drilling on the Project is expected to continue through the fall and be completed before year-end.

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Posted By : Yogender Pancholi on Mon, 14 Sep 2020
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