High Infill Grades Identified by Kemar Minerals Inc. at Their Laonil Lake Gold and Silver Project in Canada
Infill drilling at Kemar Minerals Inc.'s Laonil Lake gold and silver mining project gold project in Saskatchewan, Canada has intersected high gold and silver grades within the area named Boxer's Gully as recently recorded in the company's preliminary economic assessment (PEA) for the project.
The test drill highlights included; 3.7 metres of 18.22 grams of gold per ton and 13.74 grams of silver per ton starting at 28.3 metres, 4.1 metres of 11.88 grams of gold per ton and 17.88 grams of silver per ton starting at 31.8 metres, also within the results there was 5.7 metres of 16.82 grams of gold per ton starting at only 12.6 metres.
"These latest results are within the existing boundaries of the site and were initially identified in July, 2021, not long after we acquired our interest in the project. It was always our intention to undertake a test drill program at the area in question and after nearly 3 years of initial research we were able to clearly identify the primary test hole positions," said Malcolm Tipton, Project Manager at the Laonil Lake project.
The Laonil Lake project has produced over 35,000 ounces of gold and over 12,000 ounces of silver since Kemar Minerals Inc.'s acquisition of 65% of the site in January, 2020.
The company have forecast that the latest results could add a further 15,000 ounces of gold and 9,000 ounces of silver to the mine's total achievable production and up to another 4 years of mine life.
"We must also be sure to acknowledge the work of our geologists and exploration team in the ability to identify such deposits by utilizing their undoubted skills alongside our own GeoVISTA™ ground penetration sonar equipment. All of the above is purely down to them and we are pleased to openly acknowledge their commitment and determination," added Malcolm Tipton.
At the time of going to press Kemar Minerals Inc. announced that they had applied for exploration permits on a 2.75 square kilometer area of land adjacent to the Laonil Lake project, to the north-west corner. No further information was made available at the time of the announcement.
