International Wayside Gold Mines Ltd.: Drill Program Discovers 250 Foot Replacement Style Mineralized Zone
06 Julho 2009 - 11:26AM
Marketwired Canada
The Board of Directors of International Wayside Gold Mines Ltd. (the "Company")
(TSX VENTURE:WYG)(FRANKFURT:IWUB) announces that results of ten surface diamond
drill holes totaling 1,761.2m (5,778.0 feet) on the Goldfinch Zone, 700 feet
mine grid west of the proposed Bonanza Ledge mine on Barkerville Mountain were
returned with some encouraging gold values (Table 1). Details of a new phase of
drilling at Barkerville Mountain beginning today (July 6, 2009), are
forthcoming.
Targeting a Bonanza Ledge style of pyrite replacement gold mineralization, the
drill program was designed using geo-statistics or geo-mathematics, which
comprehensively considers geology (lithology, structure, alteration and
mineralization), geochemistry (soil anomalies) and geophysics (IP, SP and
magnetic surveys) on and between the Goldfinch and Bonanza Ledge Zones at
Barkerville Mountain. Comparisons of the two zones show their similarity is over
98%.
Most of the drill holes successfully intercepted fine-grained pyrite replacement
zones in the Lowhee Unit, which hosts the Bonanza Ledge gold deposit. The drill
results prove that large replacement style mineralized zones containing
high-grade fine grained pyrite up to 250 feet thick exist in the Goldfinch Zone.
A geological evaluation is underway due to the fact that not all of the pyrite
replacement bodies carry gold.
An additional purpose of the drilling program is to have a better understanding
of the geology at depth, the relationship between the gold mineralization zone
and the pyrite replacement mineralization, pyrrhotite halo and fuchsite
alteration, and the mineralization intensity at depth. In order to realize this,
three long drill holes up to 356.0m (1,168 feet) each were conducted.
Further drilling will take place between the Lowhee Fault and Goldfinch Fault in
the coming exploration season targeting Bonanza Ledge and quartz vein style of
gold mineralization. This area has approximately the same geological setting as
that of Bonanza Ledge gold deposit.
Table 1. SURFACE DRILL RESULTS
---------------------------------------------------------------------------
From To Width Au Ag
# DDH Depth ------------------------------------------------------
(feet) feet feet m g/T oz/t g/T
---------------------------------------------------------------------------
---------------------------------------------------------------------------
1 BC08-01 516.0 26.0 36.0 10.0 3.0 0.24 (0.28) 0.007 (0.008) N/S
(i)
--------------------------------------------------
36.0 40.3 4.3 1.3 2.24 (2.44) 0.065 (0.071)
--------------------------------------------------
46.0 55.6 9.6 2.9 0.15 0.004
--------------------------------------------------
55.6 60.2 4.6 1.4 0.66 (0.67) 0.019 (0.020)
--------------------------------------------------
66.0 69.0 3.0 0.9 0.42 0.012
--------------------------------------------------
87.0 88.2 1.2 0.4 1.27 (1.37) 0.037 (0.040)
-------------------------------------------------------
184.3 186.0 1.7 0.5 N/S(i) 1.4
------------------------ ---
332.5 333.6 1.1 0.3 1.0
-------------------------------------------------------
386.0 387.7 1.7 0.5 0.10 0.0 N/S
---------------------------------------------------------------------------
---------------------------------------------------------------------------
2 BC08-02 456.0 12.9 29.1 16.2 4.9 0.15 0.005 N/S
(iii) (iii)
-------------------------------------------------------
29.1 30.1 1.0 0.3 34.3 (35.8) 1.000 (1.044) 1.2
-------------------------------------------------------
30.1 39.7 9.6 2.9 0.15 0.004 N/S
(iii) (iii)
-------------------------------------------------------
39.7 41.4 1.7 0.5 1.24 (1.28) 0.036 (0.037) N/S
-------------------------------------------------------
41.4 57.5 16.1 4.9 0.14 0.004 N/S
(iii) (iii)
-------------------------------------------------------
57.5 66.0 8.5 2.6 2.64 (2.48) 0.077 (0.072) N/S
-------------------------------------------------------
66.0 69.9 3.9 1.2 0.74 0.021 N/S
(iii) (iii)
-------------------------------------------------------
89.7 96.0 6.3 1.9 2.54 (2.68) 0.074 (0.078) N/S
-------------------------------------------------------
96.0 103.1 7.1 2.2 0.10 0.003 N/S
-------------------------------------------------------
106.0 114.0 8.0 2.4 0.64 0.019 N/S
-------------------------------------------------------
196.0 196.7 0.7 0.2 N/S 1.1
------------------------ ---
371.5 376.0 4.5 1.4 3.6
---------------------------------------------------------------------------
---------------------------------------------------------------------------
3 BC08-03 206.0 N/S
---------------------------------------------------------------------------
---------------------------------------------------------------------------
4 BC08-04 336.0 38.1 76.0 37.9 11.6 0.16 0.004 N/S
(iii) (iii)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
5 BC08-05 406.0 91.3 91.8 0.5 0.2 N/S 1.1
-------------------------------------------------------
183.1 186.0 2.9 0.9 2.38 (2.49) 0.069 (0.073) N/S
---------------------------------------------------------------------------
---------------------------------------------------------------------------
6 BC08-06 426.0 70.3 76.0 5.7 1.7 1.32 0.039 N/S
-------------------------------------------------------
146.0 156.0 10.0 3.0 0.18 0.005 N/S
-------------------------------------------------------
336.0 346.0 10.0 3.0 0.10 0.003 N/S
---------------------------------------------------------------------------
---------------------------------------------------------------------------
7 BC08-07 405.0 127.3 128.0 0.7 0.2 0.13 0.004 N/S
-------------------------------------------------------
155.0 165.0 10.0 3.0 0.10 0.003 N/S
---------------------------------------------------------------------------
---------------------------------------------------------------------------
8 BC08-08 1,006.0 306.0 308.4 2.4 0.7 0.12 0.004 N/S
-------------------------------------------------------
396.0 406.0 10.0 3.0 0.18 0.005 N/S
-------------------------------------------------------
476.0 496.0 20.0 6.1 0.30 0.009 N/S
(iii) (iii)
-------------------------------------------------------
506.0 516.0 10.0 3.0 0.30 0.009 N/S
-------------------------------------------------------
526.0 546.0 20.0 6.1 0.12 0.004 N/S
(iii) (iii)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
9 BC08-09 856.0 96.0 106.0 10.0 3.0 0.15 0.004 N/S
---------------------------------------------------------------------------
---------------------------------------------------------------------------
10 BC08-10 1168.0 205.0 225.0 20.0 6.1 0.13 0.004 N/S
(iii) (iii)
---------------------------------------------------------------------------
Note: (i) assay(repeat//resplit); (ii) N/S: no significant assay;
(iii) weighted
The Company initiated operations in the Cariboo District in 1994 and since that
time has focused on the exploration and development of its gold properties.
Mineral tenures in the Historic Cariboo Goldfields encompass approximately 1,065
square km (106,484 hectares) over a 60 km long by 20 km wide belt. In the
Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded
gold production from the area totals more than 3.8 million ounces, including an
estimated 2.64 million ounces from placer mining and 1.23 million ounces from
lode mining.
Wayside is in the process of acquiring the QR Mine and 900 tonne per day QR
Mill, which was fully operational until February 2009 (now on care and
maintenance). The QR Mill is a CIP mill designed for an output of 70,000 ounces
of gold per annum for that location. The mill is 110 km by road from Wayside's
Cariboo Gold Project and proposed Bonanza Ledge Mine.
The technical information in this News Release has been reviewed and approved by
Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National
Instrument 43-101.
On Behalf of the Board of Directors
J. Frank Callaghan, President
International Wayside Gold Mines New Com Npv (TSXV:WYG)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
International Wayside Gold Mines New Com Npv (TSXV:WYG)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre International Wayside Gold Mines New Com Npv da TSX Venture Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de International Wayside Gold Mines Ltd.