Business
Central Timmins Exploration Corp. Announces Signing of Drilling Contract and Near-Term Work Program
Central Timmins Exploration Corp. Announces Signing of Drilling Contract and Near-Term Wor...
About this update from P2 Gold Inc.
[{"type":"text","content":"\n\n\n\nCentral Timmins Exploration Corp. Announces Signing of Drilling Contract and Near-Term Work Program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Oct. 23, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n TORONTO, Oct. 23, 2018 /CNW/ - Central Timmins Exploration Corp. (\"CTEC\" or the \"Company\") (TSXV: CTEC) is pleased to announce that it has engaged a drilling contractor in preparation for the Company's initial 5,000-meter diamond drill program and provides an outline of its near-term exploration plan on its Timmins Project in Ontario, Canada. \n\n \n \n\n \nCTEC owns a 100% interest in 89 patented claims and 433 staked claims in the main Timmins camp. This land was assembled over the past 15 years prior to CTEC consolidating ownership. CTEC has broken down the Timmins Project into four distinct township projects: Deloro and Ogden are located on the south side of the Porcupine Destor fault Zone (PDFZ); and Mountjoy and the 4 Corners Project on the north side of the PDFZ (covering areas in Godfrey, Robb, Jamieson and Turnbull townships). \nHighlights\nDrill Contract Signed a drilling contract for a 5,000-meter phased diamond drill program to be completed in Q4, 2018 and Q1, 2019. Drilling is expected to begin on or about October 25th on the Deloro Project. Initial drilling will focus on an area where historic drilling completed by Dictore Porcupine Gold Mines Limited(1) in 1939 intersected a total of 45 meters of gold mineralized core that averaged 2.7 g/t in three distinct zones in a 220m diamond drill hole. Historical intersection assays were 2.2 g/t Au over 11m, 1.8g/t Au over 12m and 3.3g/t Au over 22m of core length. Each of the intersections also had 1 or more high grade intersection ranging from a low of 6.3g/t Au to 21.9g/t Au all with 1.5m assay lengths.(1) Historic drill intercepts and mining data from the Dic...