$Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
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.
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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