Exploration and Mining
by Ellsworth Dickson
Tres-Or Resources Ltd. [TRS-TSXV] is gearing up for a $440,000 exploration program that is targeting its 100%-owned Guigues kimberlite pipe near Notre-Damedu-Nord, northwestern Québec. In the early 1990s, another company drilled three RC holes; however, as this was the start of the Canadian diamond industry there were no protocols or procedures and the work was flawed, although a colourless 2 mm by 1 mm by 0.5 mm macrodiamond was recovered.
Tres-Or completed some work 2000 - 2010, including till sampling, prospecting ground and airborne geophysics as well as six RC holes. Five drill holes are planned for the Guigues pipe later this year for microdiamond testwork. Other nearby targets will also be drilled in a $239,000 program in 2019 and into 2020. It has been determined that the Guigues pipe has similar chemistry to the De Beers Victor Mine and Metalex’s U2 pipe further north along the Lake Temiskaming Structural Zone.
In another development, Tres-Or has farmed out a 65% interest in its Fontana gold project near Amos, Quebec to Kiboko Exploration Inc. (private) who can earn-in by making cash payments or subscribing for stock in Tres-Or totalling $1-million in the next 4 years and complete a NI 43-101 technical report that establishes a mineral resource estimate of a minimum of one million ounces of gold of inferred classification or higher.
Excerpt from Resource World Magazine
AUGUST / SEPTEMBER 2019