Mining Updates

Update on the Mon Gold Project; Exploration around a Past Producing Gold Mine

Wednesday, November 21, 2018 - 09:40 to 09:59 Theatre 2


D.R. Webb (Presenting)
New Discovery Mines Ltd.

The Mon Gold Property was discovered by Cominco in 1936. In 1937 and 38, trenching and shaft sinking on a high-grade surface showing failed to provide encouraging results, however similarities to the Discovery Mine became apparent in 1948. In 1988 a structural solution to the high-grade showing was proposed, leading to the discovery of extensions to the mineralization. Between 1989 and 1997, small-scale mining confirmed the continuity of grade and widths of the A-Zone. Recently, property-wide prospecting was completed and two major gold-bearing trends referred to as the Western Mafic Trend (WMT) and Eastern Mafic Trend (EMT) were identified, containing virtually all gold showings. The WMT and the EMT can be traced for 3,300 m and 3,800 m across the property respectively, each up to 700 m wide. Five hundred and fifty grab and chip samples were collected, identifying fourteen zones with consistent elevated gold values. Five gold zones were selected for trenching and systematic sampling, exposing well mineralized chlorite + carbonate + quartz + sulphide + biotite schists. Concurrent with this work, spruce bark sampling was completed using ICP analysis on macerated samples, confirming and extending the known zones and identifying new trends.