Northstar to define bulk tonnage exploration target at Miller Gold Property
Northstar Gold Corp. announces the company has commissioned Ronacher McKenzie Geoscience Inc. and SRK Consulting Inc. to develop tonnage and gold grade range estimations within an Exploration Target model for the near-surface Allied Syenite Gold Zone Bulk Tonnage Zone on Northstar's 100%-owned Miller Gold Property, situated 18 km southeast of Kirkland Lake, Ontario.
The Near-Surface Bulk Tonnage Allied Syenite Gold Zone
Northstar has completed 14,990 metres of drilling in 71 diamond drill holes at the Miller Gold Property since 2014, including 4,120 metres in 16 drill holes completed in 2021. Recent exploration and step-out drilling has successfully defined the near-surface Bulk Tonnage Allied Syenite Gold Zone ("Allied Syenite Gold Zone" or "Zone") as a 350 metre X 200 metre surface zone (Figure 1) that includes multiple +100 gram metre gold intercepts. Drilling in 2021 successfully doubled the volume of the Zone, which remains open at depth and along strike. A total of 6,332 metres in 22 holes has been drilled on the Allied Syenite to date.
"Northstar now has sufficient drilling and encouragement to provide basis to formally define an Allied Syenite Gold Zone Exploration Target," states Brian Fowler, President, CEO and Director of Northstar. "This is the next logical exploration step preceding additional step out expansion drilling and commissioning a NI43-101 Mineral Resource estimation. Northstar's strategy is to develop a material mineral resource base at the Allied Syenite Gold Zone to support an eventual mining operation at the Miller Gold Property."
Click here to view a Proactive Canada interview with Steve Darling and Northstar CEO Brian Fowler providing further insights into this news release.
Exploration Target Definition - Scope of Work
Ronacher McKenzie and SRK will provide Allied Syenite Bulk Tonnage Gold Zone Exploration Target definition by conducting the following:
- Review and utilize the existing Allied Gold Zone model and database.
- Develop a 3D envelope around all mineralized bodies.
- Generate an Estimation Model to produce tonnage, gold grade and contained ounce estimate ranges utilizing LeapfrogTM geological modeling software.
- Disclosure of results in a Summary Memorandum will be governed by Section 2.3 paragraph 2 of the NI 43-101 and will include the required cautionary language.
- The Allied Syenite Gold Zone Exploration Target definition is expected to take 4 weeks to complete.
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