Wednesday, 5th March 2008 (2383 views)

A new 800 metre drilling programme has got underway at the Kirkland-Wright gold property eight kilometres south of the Larder Lake properties in Ontario, Canada, the company behind the project has announced.

NFX Gold said the drilling will target an "area of interest" that coincides with the north-east trending Milky Creek fault. This is one of a series of large faults secondary to the Larder Lake-Cadillac Break, a major gold-bearing structure where significant production is already taking place, it added.

The company decided to proceed with the drilling programme after completing a geo-science survey of the site.

It said that despite historic drilling at Kirkland-Wright returning only low-grade results, the geological model of the site suggests that grades, widths and continuity of gold zones improves with depth.

NFX added that it was "encouraged" by the structural, geophysical and geological surroundings of its drill target.

The Kirkland-Wright property comprises 16 claims over 3,216 hectares located 1.5 kilometres north-east of the former Martin-Bird gold mine.

NFX Gold is based in Toronto, Ontario.

 

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