Business
Drilling Commences on the Destiny Gold Project, Québec
Drilling Commences on the Destiny Gold Project, Québec
About this update from Big Ridge Gold Corp
[{"type":"text","content":"\n\n\n\nOct. 15, 2009 (Canada NewsWire Group) -- VANCOUVER, Oct. 15 /CNW/ -- Pacific North West Capital Corp. (\"PFN\") (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) and Alto Ventures Ltd. (\"Alto\") (ATV: TSX-V) are pleased to announce that a diamond drill has been mobilized and has commenced drilling on the Destiny Gold Project located approximately 75 km north of Val d'Or in the Abitibi-Témiscamingue region of Québec. The project is road accessible and excellent mining infrastructure and support facilities are available in nearby Val d'Or.The fall work program will consist of approximately 5,000 metre of diamond drilling in approximately 14 holes. The program is designed to expand the known resources at the DAC zone through infill and step out drilling. This will be followed by an updated resource estimate to be completed in early 2010. PFN has allocated a $600,000 budget to the Destiny Gold Project for 2009 and the work program is being managed by Alto.About the DAC DepositThe main area of mineralization on the Destiny Gold Project is the DAC zone, which occurs over a strike length of about 600 metres. In this area, four to five identifiable intervals of quartz veining and shear-related alteration zones carry high grade gold mineralization, with drill intersections up to 178.5 g/t gold over a drill width of 1.0 metres. The DAC zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold (36,892 ounces) and an inferred resource of 444,753 tonnes grading 4.46 g/t gold (63,839 ounces) calculated by W.A. Hubacheck Consultants Ltd. in 2007 (see \"A Resource Estimate of the DAC Gold Deposit, Despinassy Twp., Val d'Or, Québec\" dated January 9, 2007, available at www.atloventures.com.The DAC zone is open along strike and at depth. The Darla Zone, which lies 1 km east of the DAC Zone, was discovered in 2006. At this location, drilling intersected 19.5 g/t gold across 2.1 metre and 20.6 g/t over 0.8 metre. The occurrence of high grade gold mineralization in the Darla, DAC and 20 and 21 zones clearly indicates that the mineralizing system occurs across a significant portion of the property. Drill-hole cross sections and a 3D model were generated for the DAC Deposit in 2008 and are posted on www.corebox.net.About the Destiny Gold ProjectThe Destiny Gold Project is underlain by Archean metavolcan...