Orefinders Resources Gold Mineralization at Knight Gold Project
Project, in the Shining Tree Greenstone Belt 110km southwest of Kirkland Lake, Ontario. This hole, TYR20-001, was targeted at the Tyranite Mine and its purpose was to test the continuity of mineralization at about 200 metres below the deepest levels that had previously been mined.
TYR20-001 Returned Two Distinct and Significant Intersections of Gold Mineralization:
4.18 g/t gold over 14.28m (true thickness is estimated to be 11 metres) between 615.72m and 630m downhole.
This intersection was the target zone for hole TYR20-001 and successfully confirmed the continuity of Tyranite's gold mineralization at least 200 metres below the mine's previously excavated zone.
2.03 g/t gold over 9.0m (true thickness is estimated to be 8 metres) between 719m and 728m downhole.
This mineralization was unexpected and Orefinders considers it to be a new discovery for Tyranite. The mineralization is mainly hosted by a syenitic intrusive body where it is brecciated, veined and altered near its contact with mafic volcanic rocks.
The mineralization is thought to be of a similar style to that described at Alamos' Young Davidson Mine, located about 40km to the north.
This discovery adds to the Knight Project's exploration potential with the knowledge that the syenite-associated mineralization style is present at Tyranite and potentially elsewhere on the Knight Project as well.