On October 13th, Kapuskasing Gold Corp. announced that it received the needed permits for a “phase I drill program” on its Lady Pond Property, located between Springdale and Davis Pond. Kapuskasing later announced, on November 3rd, that the diamond drill program had started. The company stated the drill program would take about three weeks and would total approximately 1000 metres.
The November drill program was set to target “three high grade copper occurrences which have been identified” on the property. They are the Lady Pond Prospect, the Twin Pond Prospect, and the Sterling Prospect. The company stated that visits had been made to the property, including to the three areas that were targeted for drilling. Grab samples collected returned results up to 9.03% Cu.
The Lady Pond Property is 98 claims, 2450 hectares in total. It includes a number of older shafts and mine workings.
Kapuskasing acquired the property by staking, earlier in 2017.
At the time Kapuskasing president and CEO Jonathan Armes stated in a news release:
“We are excited about the known copper mineralization of the Lady Pond area, however, the potential for cobalt and gold mineralization is particularly intriguing.”
Kapuskasing Gold’s corporate office is located in Toronto.