Archive for category Field Work
FJORDLAND EXPLORATION and CARIBOO ROSE: GOLD FIELDS COMMENCES 5000 M DRILLING PROGRAM ON SOUTHEAST ZONE, WOODJAM SOUTH, BRITISH COLUMBIA
Posted by admin in Field Work, News Releases on July 29th, 2010
Fjordland Exploration Inc. and Cariboo Rose Resources Ltd., 60-40 partners in the Woodjam joint venture, have received an update from Gold Fields Ltd.’s exploration company, Gold Fields Horsefly Exploration Corp., on its work on the Woodjam South property. The commencement date for the agreement was July 2, 2010. Drilling started on July 6, 2010, part of a 5,000-metre planned program.
Located in south-central British Columbia, 45 kilometres east of the city of Williams Lake, the 13,827-hectare Woodjam South property contains the Southeast zone copper-gold-molybdenum mineralization discovered by the WJV in 2007. To date the WJV has completed 18 diamond drill holes totalling 7,700 metres in the Southeast zone, all of which are mineralized from the overburden/bedrock interface to the bottom of the holes. One of these holes (WJ08-84) averaged 0.69 per cent Cu, 0.27 gram per tonne Au and 0.006 per cent Mo over 359.1 metres, including 1.01 per cent Cu and 0.44 g/t Au over 200.8 m. Less than one-quarter of the two km by one km wide induced polarization anomaly has been tested. In addition, an airborne magnetometer survey completed in 2009 identified several additional targets on the Woodjam South property; these will be followed up.
The planned drilling in the immediate area of the previous drilling will test for lateral and depth extensions of the copper-gold-molybdenum mineralization of the Southeast zone. Elsewhere on the Woodjam South property, a program of induced polarization and ground magnetic surveying will be completed over prospective target areas, identified as a result of the 2009 airborne magnetometer survey over the property.
Fjordland president Tom Schroeter said: “After a year hiatus from drilling on the significant Southeast zone discovery, due to depressed economic and market conditions during 2008 to 2009, we are very pleased to have a company with Gold Fields’ credentials mount the beginning of a major exploration drilling program to define a resource for the zone, as well as testing the rest of the property which hosts several airborne magnetic anomalies. We believe that the size of the mineralized body will increase significantly as a result of this year’s drilling.”
Mr. Schroeter, PEng/PGeo, a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
Spanish Mountain Gold Provides Update
Posted by admin in Field Work, News Releases on June 23rd, 2010
Spanish Mountain Gold Ltd. is providing the following update of activities for its wholly owned Spanish Mountain gold project near Likely, B.C.
Metallurgy
Confirmatory metallurgical testwork is continuing under the direction of Dr. Morris Beattie, PEng. Highlights of results to date are as follows:
A standard process of flotation followed by regrinding and carbon-in-leach processing of the concentrate achieves an overall recovery of 90%.
Preliminary grinding tests have confirmed that the gold mineralization exhibits low work indices. These data indicate the potential for lower power consumption during the milling process which could result in lower overall operating costs for processing.
Testwork on additional samples from holes drilled across the Main Zone of gold mineralization will continue in order to establish design criteria to a pre-feasibility level of study.
Drilling and other field activities
Drilling has commenced within the Main Zone of gold mineralization and will have the following three principal objectives:
Seven HQ diameter holes for a total of 2000 metres will be completed to gather geotechnical information to aid in the design of a potential open pit.
Four additional HQ diameter holes will be drilled and two of the geotechnical holes will also be used to gather samples for additional metallurgical tests. These holes will be distributed across the Main and North Zones to demonstrate consistency in the metallurgical behaviour of the gold mineralization.
Seven holes will be drilled in areas proximal to the Main Zone of gold mineralization to determine the potential for expansion of the Main Zone gold resource (see the news release of the Company dated March 18, 2009) and to test additional areas for gold mineralization.
Other fieldwork will focus on sampling for Acid Base Accounting purposes. Samples have been gathered from drill core and drill core sample rejects from holes previously drilled across the Main Zone and the surrounding areas. These samples have been submitted for analysis and the results will aid in the advancement of the design and management of potential tailings and waste rock storage facilities.
Preliminary assay results from the twenty three large diameter HQ drill holes completed in 2009 have been received and the data are currently being reviewed to ensure QA/QC compliance. Final assays are expected during July 2010.
Cedar Creek Property Acquisition
With respect to the recently acquired Cedar Mountain property, the Company has identified several areas with potential to host gold mineralization interpreted from previous soil geochemical surveys and 2006 airborne geophysical data. These target areas will be further refined by infill soil geochemical surveys in preparation for more advanced exploration work.
Preliminary Economic Assessment
The Company has commissioned a Preliminary Economic Assessment (”PEA”) for the Spanish Mountain project and has engaged PEG Mining Consultants of Barrie, Ontario to complete this study. The study will establish realistic assumptions of operating and capital costs to develop a potential mine at the Spanish Mountain project. The results of this assessment are expected during the fourth quarter of 2010. Ron Halas, who has been recently appointed Chief Operating Officer of the Company, will be leading the initiatives to move the Spanish Mountain project forward through the PEA and ultimately towards development and production.
The scientific and technical information contained in this news release is based upon information prepared by or under the supervision of Stuart Morris, the Company’s VP, Development Geology, a qualified person (as defined in NI 43-101).
Gold Fields Resumes Drilling at Woodjam North, B.C.
Posted by admin in Corporate Updates, Field Work, News Releases on February 10th, 2010
Cariboo Rose Resources and Fjordland Exploration, the Woodjam Joint Venture (’WJV’) 40%/60% partners, are pleased to report that Gold Fields Horsefly Exploration Corporation (a member of the Gold Fields Limited group of companies) has resumed drilling on the 40,750-hectare Woodjam North gold-copper property, located 45 km east of Williams Lake in central British Columbia. This Phase Two, winter 2010 drilling program is a continuation of a budgeted $2.5 million, 12-month program which began in July 2009. Phase One drilling between October and December, 2009 consisted of 14 holes totalling 4,582 m on the Takom (11 holes) and Deerhorn (3 holes) zones (see January 12, 2010 News Release for details).
Gold Fields plans to complete 3,000 to 4,000 m of drilling in approximately 12 holes. At Takom, four holes (~ 1,200 m) are planned to follow up on significant drill intersections obtained over a northeasterly mineralized trend measuring over 500 m in strike. Within this trend hole TK09-001 returned 329.6 m grading 0.24% Cu and 0.27 g/t Au, including 101 m grading 0.43% Cu and 0.58 g/t Au.
At Deerhorn, four holes (~ 1,200 m) are planned to follow up significant drill intersections from four of five holes completed to date on this zone discovered in 2008. Hole WJ08-93 returned 69 m grading 0.22% Cu and 0.5 g/t Au, and DH09-003 returned 173 m grading 0.12% Cu and 0.50 g/t Au, including 89.5 m grading 0.26% Cu and 1.17 g/t Au. The remainder of the proposed drilling (four holes) is planned to test geochemical and magnetic anomalies east of the Megabuck and north of the Southeast zones, respectively — an area referred to as Spellbound.
Preliminary results from a 9,114 line-km low-level, high resolution airborne magnetic survey, an 85 line-km induced polarization survey and a 4,250-sample soil survey have resulted in the identification of several additional targets for future drill testing, including the Corner Lake area, north of the Megabuck and Deerhorn zones.
Tom Schroeter, President of Fjordland commented, “The Phase One program recently completed by Gold Fields has provided additional significant drill assays from the Takom and Deerhorn zones, as well as identifying several new target areas ready for drill testing. We are very pleased to see the resumption of a winter drilling program, demonstrating Gold Fields commitment to the project, as well as the ability to work year-round in this easily-accessible region of BC.”
Gold Fields has an option to earn up to a 70% interest in the Woodjam North Property by spending $19 million in exploration by July 2016 (see July 30, 2009 News Release for details).
G. L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
Wayside’s Trench Sampling Returns 30 Feet of 26.8 g/T Gold in Trench 1 and 9 Feet of 97.4 g/T Gold in Trench 2
Posted by admin in Field Work, News Releases on November 9th, 2009
International Wayside Gold Mines announced today that the database of results from both the 2009 infill drill program and 148 channel samples from three trenches on the surface of the Bonanza Ledge gold deposit were sent to Mintec Inc., an independent consulting company contracted to upgrade the resource at the Bonanza Ledge deposit.
The Company sampled three trenches, which totalled 55 meters (180 feet) long, to provide metallurgical and ore zone data for oxidized mineralization at bedrock. The trenches ranged from 5.5 to 11.3 metres (18 to 37 feet) wide at the toe and were from 4.6 to 6.1 metres (15 to 20 feet) deep.
The trenching was highly successful in defining the top of portions of the gold deposit, and in showing that the high grades encountered in the drilling, continue to the top of bedrock. The following summarizes the results, while detailed descriptions are found in Table 1.
- Trench 1 – Northeast side of the proposed Bonanza Ledge open pit mine
- 9 ft @ 11.0 g/T in channel closest to collapse
- 3 ft @ 23.8 g/T in channel 10 feet east of the first channel
Most of trench one was completed north of the main mineralization trend. In its southern extension, strongly sericite altered argillite carried good gold grades.
- Trench 1-South – East and southeast of the center of the proposed open pit
- 30 ft @ 26.8 g/T in channel closest to the proposed open pit
- 15 ft @ 18.3 g/T in channel 10 feet east of the first channel
- Trench 2 – Southwest of the proposed open pit
- 9 ft @ 97.4 g/T in channel closest to proposed open pit
- 15 ft @ 26.7 g/T in channel 10 feet to the west of the first channel
- 6 ft @ 19.6 g/T in channel 20 feet to the west of the first channel
- 9 ft @ 7.1 g/T also in the channel 20 feet to the west of the first channel
The second trench exposed the strongly graphitic Footwall Fault and vein near its southern end. Immediately north of this fault, the argillite is bleached white, shows extreme sericite alteration, and returned very strong gold grades, up to 146 g/T.
- Trench 3- Centered approximately 45.7 meters (150 feet) east of the proposed open pit
- 6 ft @ 11.3 g/T in channel just west of the center of the trench
- Several scattered samples between 1 g/T and 5 g/T
The third trench exposes an area of transition, from weak gold mineralization to the immediate west, and strong gold bearing mineralization to the east. Near the middle of the trench, a northerly trending zone of quartz was encountered, suggesting that a northerly fault is controlling the mineralization. There was also a graphitic quartz vein in the southwest corner of the trench, which might be an offset extension of the Footwall Fault.
The contact between the overburden toe and the bedrock was surveyed with a theodolite, as was the crest, which provided elevation data for the bedrock surface and overburden thickness. The channel sample lines were 3.0 metres (10 feet) apart, with samples collected every 0.9 metres (3 feet) along the lines. Since metallurgical tests were anticipated, sample volumes averaged one half of a five gallon bucket. Concurrent with the sampling, the geology of the bedrock surface was mapped.
A total of 148 samples were collected from the trenches and sent to Eco Tech Laboratory Ltd., in Kamloops, B. C., for 28-element ICP geochemistry, plus gold by fire assay with atomic absorption finish.
Drill Program Planned at Pat Copper-Gold Project, Cariboo Region of BC
Posted by admin in Corporate Updates, Field Work, News Releases on September 16th, 2009
Cariboo Rose Resources and Astorius Resources are pleased to report Astorius has signed a drill contract with Phil’s Diamond Drilling Ltd. of Kamloops, BC to complete a drill program on the Pat mineral property located approximately 15 kilometres east of Horsefly, in the Cariboo Region of central British Columbia.
The Pat project, encompassing 1,330 hectares, was staked to cover a prominent magnetic anomaly indicated in government surveys within the prolific Quesnel terrane. The magnetic feature at Pat is approximately 4.0 kilometres across and roughly circular. The Pat airborne magnetic anomaly is comparable in area and intensity on government airborne survey maps to the magnetic feature which occurs at Imperial Metal Corporation’s (TSX: III) Mount Polley copper-gold mine some 35 kilometres to the northwest. A strong induced polarization (IP) anomaly, detailed by Cominco Limited in 1990, occurs immediately to the east of the magnetic anomaly and although drilled without significant results in 1991, can be reinterpreted as a pyrite halo.
The Pat property is bounded to the south and west by the Woodjam North property owned by Cariboo Rose and Fjordland Exploration Inc. (TSX-V: FEX) which recently became subject to an option agreement with a member of the Gold Fields Limited group of companies (NYSE: GFI). The Pat property is also located 12 kilometers to the north of hole WJ-08-84, drilled in 2008 on the Cariboo Rose and Fjordland Exploration Inc. owned Woodjam South property which intercepted 201 metres grading 1.01% copper and 0.44 g/t gold. Astorius and Cariboo Rose anticipate drilling four wide spaced holes in the target.
The Pat property is owned by Cariboo Rose Resources and is subject to an option agreement which gives Astorius the right to earn a 60% interest in it by completing $1.2 million dollars in exploration, and paying $150,000 in cash and issuing 200,000 shares to Cariboo Rose, before July 9, 2011.
Happy Creek Commences Exploration on Its Highland Valley and Cariboo Properties
Posted by admin in Field Work, News Releases on August 19th, 2009
Happy Creek Minerals is pleased to announce that exploration has commenced on its Highland Valley and Cariboo properties.
Highland Valley
Geological mapping is underway at the 100% owned Rateria and West Valley properties that are located in BC approximately 10 kilometres southeast and southwest, respectively, from Teck’s Highland Valley copper concentrator, the third largest in North America. Exploration in this area has been on-going on a sporadic, fragmented and cursory basis since 1958, but success has been limited by access difficulties, extensive glacial till cover and inferior technologies. During the past two years, extensive logging activity has occurred on the Rateria and West Valley properties due to the Pine Beetle epidemic. New logging roads have uncovered several outcrops containing copper mineralization. This recent logging activity assists in the collection of new geological information that is both cost-effective and valuable for planning and focusing direction of exploration and drilling.
Happy Creek is the first to use the 3 Dimensional Induced Polarization (3D IP) geophysical surveys in the Highland Valley. On the Rateria property, this type of survey has successfully identified two new copper zones. Results from Zone 1 include 100.0 metres grading 0.29% copper, 84.0 metres of 0.30% copper, and 10.4 metres grading 1.55% copper. Several holes ended in copper mineralization. Results from Zone 2 include 177.0 metres grading 0.37% copper including 27.0 metres grading 1.05% copper, 0.02% molybdenum, 5.0 g/t (grams per tonne) silver and 0.24 g/t gold as well as 153.1 metres containing 0.24% copper, including 17.5 metres containing 1.12% copper. The intercepts from Zone 2 are two hundred metres apart and remain undefined and open in extent. Drilling is planned to follow-up on Zone 1 and 2 and test several other prospective new targets identified by the 3D IP survey.
With the recovery in copper prices from lows of around US$1.30/lb to the current price of approximately US$2.75/lb, the Company has plans to resume drilling at Rateria this fall. Exploration permit applications have been filed for the drilling of up to twenty-six diamond drill holes with drilling planned to commence once the permits are granted.
At the West Valley property, the current geological mapping program is intended to discover new mineralized prospects as well as advance known mineralized prospects which include approximately 10 metres grading 0.7% copper and 6 metres grading 0.4% copper in historical trenches. This mapping will assist in planning the first 3D IP geophysical survey for this area.
Cariboo
The Company has initiated prospecting and geochemical sampling surveys on the Art-DL property located northeast of 100 Mile House, B.C. Soil geochemical surveys have been collected near the southern side of the property, approximately 1.5 kilometres north of Skygold Venture’s new Thunder Ridge gold prospect. The DL property is underlain by similar geology as the Thunder Ridge and Spanish Mountain gold properties located to the south and north, respectively. The DL property contains historical (1890s) workings that returned assays up to 42.9 g/t gold. Current soil and silt sampling have identified positive gold values over a 1.5 kilometre trend.
The Company is undertaking further geochemical surveys and prospecting to expand upon the positive molybdenum, tungsten, copper, gold and silver geochemical results returned from the Company’s Silverboss, Fox and Hen properties. Trenching is anticipated to begin shortly on the Hen property, where a 3D IP geophysical survey, soil and rock geochemical surveys and geology have returned positive results, including 3.5 metres grading 3.5 g/t gold and grab samples containing up to 35.1 g/t gold that remain undefined and open in extent.
Cariboo Rose, Fjordland and Gold Fields Execute Definitive Agreement on Woodjam “North” Gold-Copper Project, British Columbia
Posted by admin in Corporate Updates, Field Work, News Releases, Property Agreements on July 30th, 2009
Cariboo Rose Resources and Fjordland Exploration report that the Woodjam Joint Venture (WJV), comprising Fjordland (60%) and Cariboo Rose (40%), has signed an Option and Joint Venture Exploration Agreement granting an option to Gold Fields Horsefly Exploration Corporation, a member of the Gold Fields Limited group of companies (NYSE: GFI), to earn up to a 70% interest in the northern portion of the Woodjam gold-copper property (Woodjam North Property). Gold Fields may earn an initial 51% interest by expending $7 million in exploration, and making $350,000 in cash payments to the WJV, over a three year period with a minimum expenditure of $1 million in the first year. Gold Fields may extend the option to earn a further 19% interest in the Woodjam North property by funding a further $12 million in exploration over a 4-year period (see CRB/FEX News Release, June 3, 2009 for further details).
To date, the WJV has spent approximately $7 million on the entire Woodjam property, including an estimated $4.7 million and $2.3 million on the Woodjam “North” and “South” Properties, respectively. The “North” Property (40,500 hectares) includes the Megabuck, Takom and Deerhorn zones; the “South” Property (7,500 hectares) includes the newly-discovered Southeast Zone.
The first year program, with a budget of about $3 million proposed by Gold Fields, consists of the following:
- A low-level airborne magnetic and radiometrics geophysical survey covering the entire area of the claim block.
- Grid-based line cutting and induced polarization geophysics focused on selected targets.
- Following data compilation and interpretation, a core drilling program of up to 6,000 metres is planned that will initially focus within the areas of known mineralization. Additional drill locations will be dependent on the compilation of geology, airborne-magnetic and IP results.
- Gold Fields has had crews on the Property for the past several weeks reviewing previous drill core, collecting soil samples and conducting geological mapping and prospecting programs.
The exploration program is managed and financed by Gold Fields Horsefly Exploration Corp. Gold Fields has recently appointed David Bailey, P.Geo, Ph.D., as Manager of the Woodjam North project. Dr. Bailey is a recognized expert in the Quesnel Terrane rocks in British Columbia.
The Property is road accessible and located in south-central British Columbia, 45 km east of Williams Lake; a regional centre for forestry, exploration, cattle ranching, tourism and two operating copper-gold-molybdenum mines (Mt. Polley and Gibraltar). Previous drilling on the Woodjam North Property totals approximately 21,260 metres in 91 holes. At the Megabuck deposit, 67 holes totaling 17,236 metres have been drilled defining a 200 metre wide, moderately plunging, mineralized envelope. Hole 04-32 assayed 1.03 g/t Au and 0.14% Cu over 274.9 metres. Gold-copper mineralization consists of quartz-chalcopyrite-magnetite stockwork veins in sub-alkaline monzonitic intrusions which are hosted by volcaniclastic and sedimentary rocks of Late Triassic to Early Jurassic age.
The Takom Zone, located 2.1 km south of the Megabuck Zone, has seen a limited amount of previous drilling (18 holes totaling 3,366 metres) mostly to shallow depths. Successive drilling programs have returned progressively better results; the highest grade and most northerly hole assayed 0.40 g/t Au and 0.26% Cu over 127.3 metres, including 32.8 metres grading 1.04 g/t Au and 0.45% Cu.
The Deerhorn Zone, located 800 metres to the northeast of the Megabuck Zone, was discovered in September, 2008, as a result of a 2-hole drilling program testing a large IP anomaly. Both holes, located 100 metres apart, intersected strong gold-copper mineralization near the overburden/bedrock interface. The second of the two holes included an intercept of 0.62 g/t Au and 0.25% Cu over 51 metres. Deerhorn is thought to be a very significant discovery due to its similar character and spatial association to the Megabuck area.
The Woodjam Joint Venture (WJV) retains the Woodjam South property, including the recently discovered Southeast Zone copper-gold-molybdenum occurrence where the WJV has completed 18 drill holes totaling 7,700 metres, all of which are mineralized from the bedrock interface to the bottoms of the holes. Hole 08-84 assayed 0.69% Cu, 0.27 g/t Au and 0.006% Mo over 359.1 metres, including 1.01% Cu and 0.44 g/t Au over 200.8 metres. Less than one quarter of the 1.5 km by 1.0 km induced polarization anomaly has been tested. The WJV intends to extend Gold Fields’ airborne geophysical survey to cover the Woodjam South property. The WJV will be planning a program on the Woodjam South Property to evaluate these claims, most of which have not seen modern exploration, and to advance the Southeast Zone.
G. L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
International Wayside Gold Mines: Prospecting Assay Results Leads to New Drill Program
Posted by admin in Field Work, News Releases on July 14th, 2009
The Board of Directors of International Wayside Gold Mines announces prospecting assay results (see Table 1) from the Butts Zone which has defined the current stage of the 2009 exploration program, including diamond drilling at Wilf’s Showing on Cow Mountain (which began July 8, 2009) and trenching along the B Road on and around the Butts Zone, which is about 2.3 km to the mine grid west of the BC Vein and proposed Bonanza Ledge mine on Barkerville Mountain.
Limited prospecting and exploration has been completed on the Butts Zone. Significant gold values returned from reconnaissance rock and channel sampling confirms the Butts Zone as one of the potential areas in the Company’s Cariboo Gold Project for both quartz vein and replacement styles of gold mineralization.
Wilf’s Showing in the Butts Zone is a large quartz vein outcrop with massive and semi-massive fine-grained pyrite, beside Lowhee Creek and Lowhee Fault on Cow Mountain. It is inferred that the quartz vein is possibly the mine grid west extension of the BC Vein (which is 305 m deep at the BC Shaft and has been drilled on 30.5 m centers for 1.23 km), offset by the Lowhee Fault. The Bonanza Ledge deposit and proposed mine was discovered in the footwall of the BC Vein which demonstrates the potential significance of Wilf’s Showing. Both channel and chip rock samples collected from the Showing returned encouraging assays ranging between 13.6 and 21.6 g/T gold (Sample #30745-30746 and 104252-104253, see Table 1).
The purposes of the drill and trench programs on the Butts Zone are, to confirm whether this quartz vein is the mine grid west portion of the BC Vein (which would give it a 2.3 km strike length) offset by Lowhee Fault on Cow Mountain and to have a better understanding of the gold resource of both the quartz vein and replacement styles of mineralization on the Butts Zone. Once verified, it may be possible to find additional Bonanza Ledge style gold mineralization in the footwall of Wilf’s Showing, beside Lowhee Creek on Cow Mountain.
Table 1: Assay Results of Rock Samples from Butts Zone Including Wilf's Showing ------------------------------------------------------------------------- SAMPLE # TYPE LENGTH Au (g/T) MINERALIZATION LAB ------------------------------------------------------------------------- 104252 Channel 3.3' 17.9 quartz vein Eco Tech ------------------------------------------------------------------------- 104253 Channel 2.2' 13.6 quartz vein Eco Tech ------------------------------------------------------------------------- 30745 Chip channel 6.0' 21.6 quartz vein Eco Tech ------------------------------------------------------------------------- 30746 Chip channel 5.0' 4.27 quartz vein Eco Tech ------------------------------------------------------------------------- 43483 Chip - 7.77 quartz vein Eco Tech ------------------------------------------------------------------------- 43486 Chip - 21.9 quartz vein Eco Tech ------------------------------------------------------------------------- 43495 Chip - 4.45 quartz vein Eco Tech ------------------------------------------------------------------------- 43496 Chip - 3.34 quartz vein Eco Tech ------------------------------------------------------------------------- 43500 Chip - 4.56 quartz vein Eco Tech ------------------------------------------------------------------------- 43517 Chip - 16.5 quartz vein Eco Tech ------------------------------------------------------------------------- 43518 Chip - 58.9 quartz vein Eco Tech ------------------------------------------------------------------------- 43519 Chip - 7.04 quartz vein Eco Tech ------------------------------------------------------------------------- 43528 Chip - 11.8 quartz vein Eco Tech ------------------------------------------------------------------------- 43531 Chip - 204 quartz vein Eco Tech ------------------------------------------------------------------------- 43547 Chip - 9.14 quartz vein Eco Tech ------------------------------------------------------------------------- 43556 Chip - 4.75 quartz vein Eco Tech ------------------------------------------------------------------------- 43557 Chip - 1.92 Replacement (?) Eco Tech ------------------------------------------------------------------------- 43558 Chip - 5.77 quartz vein Eco Tech ------------------------------------------------------------------------- 43560 Chip - 4.51 quartz vein Eco Tech ------------------------------------------------------------------------- 43563 Chip - 3.19 quartz vein Eco Tech ------------------------------------------------------------------------- 43564 Chip - 11.0 quartz vein Eco Tech ------------------------------------------------------------------------- 43566 Chip - 22.7 quartz vein Eco Tech ------------------------------------------------------------------------- 43567 Chip - 15.7 quartz vein Eco Tech ------------------------------------------------------------------------- 43568 Chip - 5.18 quartz vein Eco Tech -------------------------------------------------------------------------
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 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.
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.
Skygold Begins 2009 Field Programs
Posted by admin in Field Work, Maps, News Releases on June 24th, 2009
Skygold Ventures is pleased to announce the start of the 2009 field programs. Crews have been mobilized to all three 100% owned properties; Spanish Mountain, Thunder Ridge and Prince George.
Skygold's Spanish Creek
Although the main focus of this years activities will be on Spanish Mountain where drilling is expected to commence by the end of June, diamond drills have been mobilized firstly to Thunder Ridge so as not to disrupt the much larger program at Spanish Mountain once it begins. Details of the Spanish Mountain program will be reviewed in a subsequent release.
Thunder Ridge Drilling -Spanish Creek Property
Field crews have confirmed that Diamond Drilling is currently underway at Thunder Ridge. The drill program will focus on a new high grade gold and silver discovery made by Skygold in 2008. The results of the first 7 reconnaissance drill holes indicated that a large mineralized corridor at least 450m wide and 750m long was responsible for the geochemical anomaly that was targeted. Five of the seven holes intercepted meaningful gold and or silver values. Highlights from the 2008 program include:
- Hole SC-005 : 45.49 g/t gold over 2.5 metres including 223.0 g/t gold over 0.5 metre.
- Hole SC-007 : 1.23 g/t gold over 11.5 metres including 4.83 g/t gold and 232.0 g/t silver over 1.5 metres and 1.32 g/t gold over 6.5 metres in separate horizons.
The 2008 drill program was the first drilling ever on the Thunder Ridge Zone. The 2009 program is designed to further evaluate the orientation, continuity and extent of high grade structural controls of the system as well as the potential for bulk tonnage lower grade material across the corridor.
Prince George Property
A trenching program has been completed on the Prince George property to test a gold anomaly that was discovered through a regional silt sampling program with follow-up soil sampling. Results from the program are expected within the next few weeks.
About Skygold
Skygold is an exploration company focused on advancing its flagship Spanish Mountain gold project in central southern British Columbia. The Company is well funded with a current cash position of $3.0 million and has applied for Mineral Exploration Tax Credit refunds from the Province of British Columbia totaling $2.7 million. These funds are expected to be received in 2009.
Robert Darney, P.Geo. and R. Bob Singh P.Geo are the qualified persons (as defined in NI 43-101) who have reviewed this news release.
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2012-02-02 09:46
