Discovery Mining Ltd. said Monday that underground drilling at its Borden Mine in Ontario has extended the Main Zone by more than half a kilometre [9].
The expansion of these high-grade gold resources supports the company's growth strategy and increases the potential for future production at the site.
Company data confirms that drilling results have expanded both the Main and East Lower Zones. The results include several high-grade intercepts within the Main Zone, such as 21.52 grams per tonne (gpt) over 4.8 metres [3], and 18.40 gpt over 4.0 metres [2].
Other significant intercepts reported by the company include 9.23 gpt over 14.0 metres [8], and 9.16 gpt over 25.9 metres [1]. Additional findings include 7.90 gpt over 5.0 metres [7], 7.63 gpt over 8.6 metres [5], and 7.01 gpt over 10.2 metres [4].
Discovery Mining also said it found a Main Zone intercept of 4.75 gpt over 19.3 metres [6]. The company continues to conduct exploration to further define the extent of the gold mineralization in the region.
Listed on the TSX as DSV and the OTCQX as DSVSF, the company released these findings to inform investors of the ongoing success of its underground drilling program. The results suggest that the gold-bearing structures at the Borden Mine are more extensive than previously mapped.
“extending the Main Zone by more than half a kilometre”
The extension of the Main Zone by over 500 metres indicates a larger mineralized system than initially estimated. For a mining company, confirming high-grade intercepts over significant distances reduces geological risk and potentially increases the overall valuation of the asset by extending the projected life of the mine.
