A Canadian gold mining and exploration company

Santoy Gap

  
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The Santoy Gap deposit is within the Seabee Gold Operation. Drilling has intercepted multiple high-grade intervals, significantly expanding the strike length and width of the mineralized system. 

2013 Results

Recent drilling at Santoy Gap has extended the mineralized system down-plunge to 650 metres depth and at Santoy 8 has extended the system 400 metres below the base of the existing inferred resource. These step-out drill intercepts significantly expand the footprint of the Santoy Mine Complex and are of a materially higher grade than the current reserve and resource base.

The 2013 surface drill program consisted of three step-out drill holes targeting the down-plunge extension of the Santoy Gap and Santoy 8 deposits. Of these, two drill holes returned high grade intercepts, interpreted to represent extensions of the mineralized system. Santoy Gap results are highlighted by drill hole JOY-13-690 that returned 330.35 grams of gold per tonne over 1.55 metres, inclusive of a bonanza grade interval of 602.00 grams of gold per tonne over 0.84 metres. This is the highest grade interval drilled to date at the Santoy Gap. Drill hole JOY-13-692 returned 18.80 grams of gold per tonne over 13.86 metres in the final hole of the program. The intercept is located 400 metres down plunge from existing Santoy 8 inferred resources and 200 metres along strike from the Santoy Gap inferred resources. Drill hole JOY-12-692 is of particular significance as it confirms continuity at depth between the Santoy Gap and Santoy 8 deposits.

Table 1: Highlights from 2013 Santoy Mine Complex Drilling

Hole ID Easting Northing From (m) To (m) Grade (g/t) Width (m) Zone
JOY-13-690 599175 6171150 683.27 685.82 330.35 1.55 GAP
    Incl 684.98 685.82 602.00 0.84 GAP
JOY-13-692 599721 6170539 632.85 646.71 18.80 13.86 Santoy 8
    Incl 632.85 635.85 73.49 3.00 Santoy 8

Note: Composites calculated at 3.0 g/t  Au cut-off and may include internal dilution, True width are interpreted to range from 75 to 95% drilled width. Assay results are uncut.

Photo of the visible gold in hole JOY-13-690

 

2012 Results

Newly released results have extended the mineralized system down-dip to 650 metres depth and along strike to the south toward the Santoy 8 Mine. In addition, the program has discovered a sub-parallel lens to the Santoy Gap, approximately 150 metres to the east. These latest drill intercepts continue to affirm the high prospectivity of the Santoy Regional Shear Zone, hosting multiple deposits over a three kilometre strike length.

A total of 71 holes and 35,100 metres were completed at Santoy Gap during 2012. The Santoy Gap system remains open down plunge to the north, along strike to the south and at depth. These recent intercepts at depth may link with the existing Santoy 8 resource 300 metres to the south. All 2012 drill results will be incorporated into an updated National Instrument 43-101 compliant resource statement to be released by the end of 2012.

Based on the Santoy Gap inferred resource, positive exploration results and proximity to the existing Santoy 8 infrastructure, the Company has initiated an 850 metre long exploration drift to allow for infill drilling and upgrading of the inferred resource. As of March 28, 2013, 485 metres of the drift have been completed and its development continues to be prioritized.

Table 2: Highlights from 2012 Santoy Gap Drilling

Hole ID Easting Northing From (m) To (m) Grade (g/t) Width (m) Zone
JOY-12-622  599436 6170747 403.57   405.29 4.81  1.72  HW
     And  711.00  712.00  3.16  1.00 FW
     And  722.00  723.00  6.20  1.00 FW
JOY-12-624  599148  6170973  519.71  520.43  7.87  0.72 GAP
     And  612.00  612.50  3.46  0.50 FW
JOY-12-630  598791  6170890  272.27  272.77  13.60  0.50 GAP
JOY-12-636  599035  6170957  415.77  432.50  6.91  16.73 GAP
     Incl.  420.50  424.05  16.49  3.55 GAP
JOY-12-638  599035  6170957  398.00  400.30  13.94  2.30 GAP
JOY-12-643  598950  6170670  181.75  183.57  41.88  1.82 GAP
JOY-12-648  599073  6170506  61.92  62.42  17.25 0.50 Other
     And  158.00  159.00  11.45 1.00 GAP
JOY-12-657  599124  6170848  322.24  322.79  23.20  0.55 GAP
JOY-12-661  599124  6170848  345.20  345.70  14.90  0.50 GAP
JOY-12-664  599080  6170572  135.14  135.64  15.45  0.50 GAP
JOY-12-665  599094  6170889  378.25  380.00  13.84  1.75 GAP
JOY-12-666  599000  6170595  143.29  143.95  20.30  0.66 GAP
JOY-12-667  599000  6170595  124.57  126.24  10.75  1.67  GAP
JOY-12-670  599010  6170745  253.59  255.97  11.50  2.38  GAP
JOY-12-674  599207  6170942  520.15  526.45  4.67  6.30 GAP
     And  545.80  546.80  5.40  1.00 GAP 
     And  566.25  567.25  49.50  1.00  FW
JOY-12-677  599154  6170781  321.04  350.78  14.58  29.74 GAP 
     Incl  335.95  341.04  13.82  5.09  GAP
     Also Incl.  346.10  350.78  16.25  4.68  GAP
JOY-12-678  598827  6170985  230.50  231.50  50.30  1.00  Other
JOY-12-679  599155  6170775  343.99  364.28  13.81  20.29  GAP
     Incl.  343.99  350.58  11.56  6.59  GAP
     Also Incl.  356.06  364.28  24.48  8.22  GAP
JOY-12-680  599010  6170515  91.00  92.30  4.22  1.30  GAP
JOY-12-682  599155  6170775  374.60  375.60  27.20  1.00  GAP
     And  385.20  386.00  5.88  0.80  GAP
     And  400.80  405.50  11.07  4.70  GAP
JOY-12-686 599288 6170925 642.40 648.33 8.16 5.93 GAP
JOY-12-688 599481 6170719 416.20 422.20 5.07 6.00 HW
JOY-12-689 599537 6170658 382.84 387.37 3.51 4.53 HW
    And 603.00 604.32 4.68 1.32 GAP
    And 607.50 609.08 5.03 1.58 GAP

Note: Composites calculated at 3.0 g/t cut-off and may include internal dilution, True width is interpreted to range from 75 to 95% drilled width.

 
Figure 1: Santoy Mine Complex Regional Longitudinal Section
 
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Figure 2: Santoy Mine Complex Plan Map
 
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Figure 3: Seabee Location Map
 
 
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