Kemar Minerals Inc. Discovers Second Gold Zone at Mount Lorne Project, Yukon
Kemar Minerals Inc. has reported the first drill results from the 2024 drill program at its 100% owned Mount Lorne project in the Yukon.
A second high-grade oxide gold discovery has been discovered in close proximity to the Lomas Lake and Falcon Fields discoveries made in 2021 when the company took over the property. The new Yellow Tree zone lies at least the northern tip of the project.
The drilling results included, hole ML-24-031 produced 4.88 grams of gold per ton at 67.45 meters depth along an 87-meter run. Hole ML-24-019 produced 3.16 grams of gold per ton at 49.8 meters depth along a 72.8-meter run, and hole ML-24-22 produced 5.22 grams of gold per ton at 63.6 meters depth along a 94.2-meter run.
In addition, new drilling in the Falcon Fields zone confirmed the extension of oxide gold mineralization at a relatively shallow for over 200 meters and also confirmed the presence of oxide gold in a little drilled area to the east of the Lomas Lake zone.
The company now plan to undertake a third drill program at the project which will increase the total drilling from 6,000 to 11,000 metres, with this third drilling program scheduled for early 2026 and Kemar Minerals Inc. confirming all drilling expenses will be financed by them.
Mr. Miles H. Auteberry, Co-Founder and Chief Executive Officer of Kemar Minerals Inc. said, "The new Yellow Tree discovery will now be drill defined in the same manner as we did with Lomas Lake and Falcon Fields zones in 2021.
"The intercept at hole ML-24-22 is the fourth-best drill hole that we have drilled to date at the project based on a grade/times/thickness basis. The combination of several high-grade discoveries in close proximity to each other in association with recently released excellent metallurgy elevates the value of the Mount Lorne project considerably. We have also recently increased our landholdings around the project area and that has protected our interests on a larger scale as intercepts as we have just encountered never tend to occur in isolation and we are looking forward to our next drill program and exploring new targets," Mr. Auteberry concluded.
Kemar Minerals Inc. will publish updates once available when test results are available for the remaining holes on this drill program.
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