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Monday, 25th June 2007 (2817 views)

Drilling has commenced at Crosshair Exploration and Mining Corporation's Golden Promise project, it has been announced.

According to Crosshair, a 3,750-metre summer drilling programme has begun on the Jaclyn Zone in the Golden Promise prospect.

The Jaclyn Zone is a gold mineralised composite vein system defined over a strike length of 750 metres to a depth of 225 metres.

Drilling at Jaclyn revealed a number of high-grade gold intercepts, including 14.01 grammes per tonne of gold (g/t) over 0.35 metres.

"A trenching programme is also planned to further expose a mineralised gabbro unit discovered in the southeastern portion of the property where prospectors collected grab samples assaying up to ten g/t of gold from an area measuring 50 metres by 50 metres," Crosshair noted in a statement.

According to Crosshair, Golden Promise offers "excellent" gold deposit potential in an under-explored gold belt.

Crosshair also notes that the region bares similarities to the Bendigo-Ballarat gold district in Victoria, Australia which has a past production of more than 22 million ounces of gold.

 

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