First Drill Hole at St Anthony Gold Mine Reports Near Surface 11.9 grams per tonne over 8.4 metres
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Maxtech Ventures Inc. is pleased to announce assay results from its first diamond drill holes of its Phase One drilling program on the St Anthony gold mine property located in the Kenora-Patricia Mining District, Ontario.
Hole SA21-15 recorded visible gold of 45.2 grams per tonne over 0.48 m with a weighted average composite of 11.9 grams per tonne over 8.4, from 121.4 to 132.0 m
The lower interval of the same hole reported an assay of 41 grams per tonne over 1 m with a weighted average composite of 6.9 grams per tonne over 10 m, from 164 m to 174 m included shoulders assays of up to 7.44 grams per tonne.
The St. Anthony Gold Mine is located in the Kenora-Patricia Mining District of Ontario and encompasses four historical mining operations including the largest past-producing mine in the area, the St. Anthony. The mine produced 63,310 ounces of gold from 332,720 tons for an average grade of 5.95 grams per tonne (or 0.191 ounces per ton) up until World War II when gold production was halted.
Peter Wilson, CEO, stated: "Maxtech's exploration targets were selected based on a combination of the following parameters: on past production, previous drill assays, alteration mapping and structural interpretation."
Find the full news release here at: [https://finance.yahoo.com/news/first-drill-hole-st-anthony-150300145.html](https://finance.yahoo.com/news/first-drill-hole-st-anthony-150300145.html)
This is not financial advice!!
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