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Tuesday, 16th August 2005 (3875 views)

Pele Mountain Resources has found more high-grade gold on its Highland Gold project in Ontario, Canada.<br/><br/>After the presence of gold was confirmed last spring an eight-hole drilling programme took place in both the Springbank and Talisker areas, which are located in the Porter-Premier property.<br/><br/>The Talisker holes returned high-grade mineralization, notably an intersection of 8.36 grams per tonne (g/t) gold over 8.16 metres.<br/><br/>Similarly, the Springbank holes confirmed near-surface high-grade gold including 12.7 g/t over 2.45 metres, 7 g/t over 5.35 metres and 9.9 g/t over 2.5 metres.<br/><br/>The discovered gold is in the western Goudreau-Lochalsh Deformation Zone (GLDZ) close to the central GLDZ that has seen considerable gold-mining in recent times.<br/><br/>"Given the productive history of the GLDZ, we are proceeding at Highland with a strong belief in the potential to outline substantial gold resources on our properties," explained Al Shefsky, Pele's president and chief executive officer.<br/><br/>Second-phase drilling will be carried out at both Springbank and Talisker.<br/><br/><br/><img alt="track" src='http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=15024531'/>© Adfero Ltd

 

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