The firm drilled eight mainly shallow holes in March this year to follow up on anomalies south of the Francoeur-Wasa fault, the group said.
It added that while gold was encountered in many of the holes, the grades and intersections were disappointing. A highlight intersection was 3.33 g/t (grams per ton) of gold over 1.50 metres.
No holes were drilled under the 450 Gold Zone area, the firm noted, where channel sampling had returned 7.04 g/t gold over 9.5 m (meters).
Two holes were sunk through the south and Francoeur-Wasa Shears. One hit 2.10 g/t gold over 1.5 m and another hit 2.45 g/t of the yellow metal over 3 m.
"While disappointed in finding that the induced polarization anomalies did not demonstrate high grade gold values, we are now able to focus on identifying and testing the control structures of the mineralization which may be northeast trending cross-cutting structures inside the main east west shears," the company said in Friday's statement.
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