Gold penny stock Northstar Gold (CSE:NSG) is sharing encouraging preliminary results from phase-I diamond drilling at the historic Cam Copper Mine in Ontario
Results are highlighted by lenses of Cu-rich volcanogenic massive sulphides and assays as high as 19.45 per cent Cu and 16.47 g/t Ag
Preparations to drill and extend Cam Copper’s sulphide mineralization to the southeast are underway
Northstar Gold is developing multiple gold and base metal projects in the Abitibi Greenstone Belt
Northstar Gold stock (CSE:NSG) is down by 87.50 per cent over the past five years
Gold penny stock Northstar Gold (CSE:NSG) is sharing encouraging preliminary results from phase-I diamond drilling at the historic Cam Copper Mine in Ontario. Cam Copper is a former copper producer sitting on a high-grade volcanogenic massive sulphide (VMS) copper system on Northstar’s flagship Miller copper-gold property, which is approximately 18 km southeast of Kirkland Lake, boasts numerous 70 – 750 gold gram/m drillhole intercepts, and is estimated to contain over 500,000 ounces of gold in its Allied Gold Zone and No. 1 Vein alone, according to an exploration target study by Ronacher Mackenzie Geoscience and SRK Consulting.
Four drill holes across 720 m at Cam Copper intersected lenses of Cu-rich volcanogenic massive sulphides, including:
Massive and stringer chalcopyrite over 2.45 m in drillhole CC03-23 between 116.55 m to 119 m in Zone 2
The following assay results from drillhole CC01-23:
3.12 per cent Cu over 3.6 m from 25 m to 28.6 m, including 19.45 per cent Cu and 14.85 g/t Ag over 0.5 m from 28.1 m to 28.6 m in Zone 1
12.71 per cent Cu, 0.62 per cent Zn, 0.44 per cent Pb, 16.47 g/t Ag over 0.75 m from 107 m to 107.75 m in Zone 2
5.91 per cent Cu over 1.5 m from 135 m to 136.5 m, including 9.92 per cent Cu over 0.5 m from 135.5 m to 136 m in Zone 3
Analytical results for drillholes CC02-23 to CC04-24 are expected shortly
Zone 2 appears to be expanding in thickness down plunge towards the southeast, with all zones remaining open along strike and at depth. Cam Copper hosts at least three separate lenses (Zone 1, Zone 2, Zone 3, and a possible Zone 4 ) of massive copper sulphides backed by historical drilling.
“Northstar’s 2023 sampling and preliminary phase-I drill results substantiate the presence of a robust, multi-horizon, high-grade copper VMS system at Cam Copper Mine, exhibiting excellent expansion potential,” Brian P. Fowler, Northstar’s President and CEO, said in a statement. “Northstar is fully permitted and positioning to explore the southeast strike and down plunge extensions of the Cam Copper massive sulphide zones through phase-II drilling.”
The Cam Copper Mine’s Southeast extension
Volcanic exhalite mineralization consisting of massive or semi-massive pyrite extends for hundreds of metres along strike southeast of the Cam Copper Mine site, as demonstrated by historic pitting and trenching. The copper trend includes multiple historic ground EM and IP bedrock targets, as well as strong airborne EM and magnetic anomalies with the potential to highlight conductive bedrock targets, including Cu-rich massive sulphides, for up to 900 m along strike to the southeast.
Northstar is preparing for a phase-II drill program at Cam Copper to test the down-plunge extension of mineralized zones, prioritizing expansion of Zone 2.
Owing to the conductive and chargeable nature of Cam Copper’s massive sulphide mineralization, Northstar is also planning a surface and borehole geophysics program to survey the mine site area and the Boston Creek copper trend along strike towards the southeast.
The sulphide discovery follows Northstar’s prospecting and sampling program at Cam Copper in May 2023, with assays ranging from 0.99 to 31.8 per cent Cu, and 0.31 g/t Ag to 452 g/t Ag, including the surface expression of Zone 2.
Northstar is also preparing for a phase-IIIA Allied Gold Zone lateral and depth expansion drill program on its Miller Gold Property. Northstar Gold is developing multiple gold and base metal projects in the Abitibi Greenstone Belt.
Northstar Gold stock (CSE:NSG) is unchanged trading at C$0.04 per share. The stock is down by 87.50 per cent over the past five years. Join the discussion: Find out what everybody’s saying about this gold penny stock on the Northstar Gold Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
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