The Bannockburn Gold Prospect - A New Discovery In Eastern Ontario

The Bannockburn gold prospect is a new discovery in Ontario's oldest gold camp at Eldorado, eastern Ontario. Mono Gold Mines Inc. of Vancouver, British Columbia, acquired the property in 1980 and in 1984 discovered a previously unreported gold bearing quartz vein system to the northeast of the old Bannockburn Mine. Extensive diamond drilling carried out since 1985 defined a quartz vein system over 475 m (1 ,500 ft) of strike to a depth of over 105 m (350 ft). Limited underground exploration by decline to the 22.9 m (75 ft) level in 1988 confirmed the continuity and tenor of the quartz veins. Gold occurs as native metal with minor sulphides and bismuth tellurides in a quartz carbonate vein system within metasedimentary and metavolcanic rocks of the Grenville Province. Metallurgical test work on a surface bulk sample was favourable. Estimates of drill indicated reserves have been made as well as reserves based on the limited underground exploration.