Drill Hole Results 2011

• Scotia Goldfields Project
  • Beaver Dam
  • Fifteen Mile Stream
    • Drill Hole Results 2011
  • Forest Hill
  • Goldenville
  • Tangier

2011 Drill Plan

Highlights:

• The drill program included 29 holes for a total of 3,732 metres.  


• The first 20 drill holes targeted the Egerton-McLean Zone (Main Zone), one hole was an exploration hole north-east of the Main Zone and 8 holes were drilled at the Hudson Zone approximately 700 metres to the west.  


• An extensive strike length measuring over 3 kilometres has been identified as having potential to host mineralization in the immediate Fifteen Mile Stream area; the current drill program tested only a small portion of this prospective region.  


• The majority of the drill holes tested auriferous horizons outside of the current resource area.


• The results confirm the presence of gold within previously untested areas of the favorable stratigraphy that is generally comparable to mineralization within the defined resource – the magnitude of the increase in size of the mineralized zone will be quantified in an updated resource estimate following the receipt of all assay data.


• Mineralized intervals are characterized by coarse gold within quartz veins and auriferous wall rock, with significant widths of continuous mineralization that support potential bulk mineable open pit mining.


• Impressive results have been returned:
  • 2.03 g/T over 106.8 metres, including 2.81 g/T over 72.9 metres intersected in hole FS-11-110
  • 1.63 g/T over 115.3 metres in hole FS11-116
  • 1.26 g/T over 92.2 metres in hole FS11-117
   
• Several voids (mined areas) were encountered during drilling – potentially resulting in an understatement of the grade of intervals that included workings.


• A phase two drilling program is being planned for 2012 that would include a significant infill and step-out drilling campaign, and focus on 1.) improving the classification of mineralization to the indicated status, and thus enable scoping and feasibility studies to be conducted; and 2.) testing new targets and continuing to explore the extensive area identified as having potential to host mineralization.  


• Future economic studies would include analysis of mining both of Acadian’s potential open-pit gold projects (Fifteen Mile Stream and Beaver Dam) with a common processing facility.

Egerton-McLean Zone

Hudson Zone

Drill Holes

FS11-131	FS11-132	FS11-133
FS11-134	FS11-135	FS11-136
FS11-137	FS11-138

Collar Data

 

3D Geological Model