Karbonate Minerals Corp.'s Infill Drilling at Endimo Flats, Quebec Returns Nearly 20 Grams of Gold per Ton Over 21 Metres
Karbonate Minerals Corp. is excited to announce the latest results from their Endimo Flats area, located in the north-west portion of their 100% owned Quebec project KMC-CAN-03. The standout result is an assay of 19.68 grams of gold per ton over 19.78 metres in hole KMT-23-015. These results come from the first phase of combined exploration and drilling efforts at the project, situated approximately 400 kilometres south of Quebec, Canada.
Further assays from the same drilling project include 1.73 grams of gold per ton over 37.65 metres in hole KMT-23-031, 2.98 grams of gold per ton over 41.60 metres in hole KMT-23-029, 2.41 grams of gold per ton over 46.75 metres in hole KMT-23-019, and 1.97 grams of gold per ton in hole KMT-23-043.
The company confirms that the first phase infill program continues to confirm anticipated grades, similar to those found in the Dragon Tail Creek area, with gold equivalents of 4.12 grams per ton at a depth of 21 metres. Additionally, three separate intervals returned findings of 3.96 grams of gold per ton over 29.75 metres and 3.14 grams of gold per ton over 48.00 metres.
Oliver Denton, Director of Projects at Karbonate Minerals Corp., expressed his amazement at the ongoing productivity of the Quebec project, even after 15 years of operations. He highlighted the low gold production costs, potentially as low as $700 per ounce, due to the existing infrastructure and machinery without any financial burden.
The company also revealed the presence of a near-surface zone of high-grade mineralization parallel to the Dragon Tail Creek area, approximately 180 metres northeast. Assay results from this zone include 18.59 grams of gold per ton over 15.39 metres in hole KMT-23-046 and 7.14 grams of gold per ton over 9.88 metres in hole KMT-23-037.
Further drilling in this area is already planned and expected to be completed by the third quarter of this year, with the company releasing the results once they become available.
