The Harker property is located 5 km south of the Destor Porcupine Fault Zone (DPFZ) host of many important gold mines in the Timmins - Porcupine Gold Mining Camp (over 65 millions ounces of gold). The Holt McDermot Mine (1.3 million ounces) and the Harker Halloway Mine (1.4 million ounces) are located on the DPFZ about 5 km north -northeast of the property.
The 26 holes completed by Lounor to date have intersected the mineralized zone. The results of the program have proven the gold zone to be over 200 metres in strike length and to a vertical depth of 85 metres. It is open to the east, to the west and at depth. Results from the first 16 holes have been released: Press releases dated February 5, 2008, April 14, 2008, April 25, 2008 and May 2, 2008 and May 12, 2008), with results from the most recent holes reported below. Results from another 10 holes are pending.
Numerous anomalous gold values between 500 ppb (0.5 g/t) and 1,000 ppb (1.0 g/t) were obtained in the 4 holes listed above over width of one (1) meter to seven (7) meter.
The success has prompted the management of The Company to continue the diamond drilling program. One diamond drill is actively drilling on the Property since July 25 to prove the gold zone to the west on 25 meter spacing. Channel sampling of the surface exposure of the vein is completed and is currently being evaluated. -- www.cnxmarketlink.com
