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Osprey Gold to Start Diamond Drill Program at Goldenville Gold Project in Nova Scotia

Mining News - Published on Thu, 21 Nov 2019

Image Source: ospreygold.com
Osprey Gold Development Ltd announced that mobilization has begun in advance of it's 2019 drilling and field program at the Goldenville Gold Project in Nova Scotia. Goldenville is located within the Meguma Terrane, less than 20 kilometres from St. Barbara Limited's Cochrane Hill deposit, part of the recently-acquired Moose River Consolidated Project, formerly Atlantic Gold. The planned program will consist of at least 12 shallow holes totaling approximately 2,000 metresof HQ-sized diamond drilling, utilizing one drill rig. Holes are planned to test expansion targets at the existing Goldenville resource, as well as newly delineated targets within the nearby Mitchell Lake Zone. Drilling is expected to begin within a week. Company President Cooper Quinn said "Layering together our new geophysical datasets, our previous work, and the extensive historic data the targets for this program are very compelling. We've allocated metres in this drilling program to test for expansion around the current resource at Goldenville in multiple newly interpreted structural and geophysical targets, as well as drilling exciting targets at the Mitchell Lake Zone where limited drilling in 2017 returned encouraging results warranting follow up."

Key points

Approximately 1,500 m will be drilled in the vicinity of the Goldenville resource area; drilling will take place along strike in both directions, as well as on the north and south limb of the Goldenville Anticline, which hosts the mineralization

Drilling will include step-out and infill holes designed to test geophysical targets, and follow up on significant results from previous drilling

The program is expected to begin in the '13 Zone', on the south limb of the anticlinal axis, in an area along strike from several holes drilled in 2017 that returned significant gold mineralization within argillite host rock, in addition to high grade vein-hosted gold

Approximately 500 m will be drilled roughly 3.5 kilometres west of the Goldenville resource at Mitchell Lake, a target zone with known disseminated-style gold mineralization in addition to high grade quartz vein hosted gold.

Source :

Posted By : Rabi Wangkhem on Thu, 21 Nov 2019
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