Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
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