Wednesday, January 20, 2010

High Grade Gold Discoveries Continue in Manitoba

Being a prospector with a keen interest in Manitoba Canada and the search for gold in the province, I spend time keeping up with the exploration news in the province. The Rice Lake Gold Camp situated in the southeast region of Manitoba, is one of the areas that has recently witnessed the discovery of exceptional new gold deposits. These new discoveries are large in scope and are being made with a truly amazing frequency.

My past posts about the new Manitoba gold rush include Rice Lake Manitoba is alive with gold explorers posted on Sept 19, 2009 and Spectacular High Grade Gold Found In Manitoba, posted on Nov 23, 2009. The exploration work talked about in those posts continues. Recently the area has seen considerable more exploration activity that has lead to even more new gold discoveries.

San Gold Corporation, a Manitoba gold Miner and Explorer, has today, again released news of Impressive gold exploration results that include gold values of 1.07 oz/ton over a length of 40 feet obtained from diamond core drilling. At the same time, San Gold’s Rice Lake Mine continues to evolve with Higher Production Grades and Significant New High Grade Discoveries – including mining face samples of 909 g/t over 3m (26.5 oz/t over 10 ft). See San Gold press Release of Jan 20, 2010.

This news follows that published previously by San Gold on Nov 23, 2009 where they release news on drill core assays of 1787 g/tonne Gold over 2.1 meters at their New “007” Discovery. See San Gold press release of Nov 23 2009 for full details.

Discovery of gold deposits with values like those reported by San Gold Corp not only make for good mining, the numbers are such, that one would think that there is potential to create a new Gold Camp, or in this case, greatly enlarge an existing one.

The gold grades reported out of Rice Lake remind me of the discoveries and grades that made the Red Lake Ontario Gold Camp famous and lead to the discovery of gold deposits that created one of the highest grade and lowest cost gold mines in Canada. Considering that the Red Lake Gold Camp is just across the boarder, it isn’t a far reach to think that similar rocks in Manitoba have equally good discovery potential.

So what does this news mean to a prospector? For starters it means simply that not all the good stuff has been found and that less successful past exploration work doesn’t necessarily mean new gold deposits cannot be found. Heck in the case of San Gold past operators may have walked or driven over the areas of the new high grade finds, yet never unlocked the gold.

During the past few years my partner and I have staked mineral claims in and around the Rice Lake Greenstone Belt and I consider myself to be fortunate to have done so. Some of those properties have been sold to other better equipped exploration companies and exploration programs have recently commenced. This of course is great for a prospector; the claims get worked at a much larger scale, allowing us to work a few claims of our own.

Happy Prospecting

1 comment:

Unknown said...

I hope the search in manitoba ends soon with a positive result..

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