Canadian Orebodies (TSX:CGJ) and Carlisle Goldfields (TSX:CGJ) announced Thursday that a 3,600-meter drill program is well underway at its Farley Lake mine in the Lynn Lake gold camp, Manitoba.
As quoted in the press release:
The 3,600 m drill program will be focused on in-fill drilling of approximately 18 holes with the intention of upgrading the Farley Lake resource estimate. Currently Farley Lake has a NI 43-101 resource estimate totaling 610,000 ounces (“oz”) of gold (“Au”) in the indicated category grading 3.21 grams per tonne (“g/t”) and 403,000 ozs Au in the inferred category grading 2.87 g/t.
Bruce Reid, President and CEO of Carlisle states that: “In-fill drilling will be focused within the 800 metre strike length of the existing NI 43-101 compliant resource. We intend to move forward with ensuring the Farley Lake resource is upgraded so we can continue to plan for feasibility-level studies. We expect to have the first batch of drill results back early in the New Year.”