AKV - Here is the GREAT SKV news that is very positive for AKV
Its looks more and more like the Spanish Mountain holds a huge gold deposit.
Skygold drills 2.83 g/t at 15.6 m at Spanish Mountain
2005-11-25 15:52 MT - News Release
Also News Release (C-WRS) Wildrose Resources Ltd
Mr. Doug Fulcher of Skygold reports
450M STEP OUT EXPANDS OPEN PIT POTENTIAL AT SPANISH MTN.
Skygold Ventures Ltd. and Wildrose Resources Ltd.'s step-out drilling has dramatically extended the bulk tonnage mineralized corridor by over 450 metres to the north on the Spanish Mountain property, Cariboo region of south-central British Columbia. Drill holes from within the central portion of the known zone have also continued to significantly expand the tonnage potential with some of the longest continuous intercepts received to date. Results for the first six holes out of 35 holes drilled since September have now been received.
Diamond drill holes 265 and 270, both intersected high-grade gold mineralization within wide zones of bulk mineable mineralization. Hole 265, drilled 30 metres north of hole 260 intersected 135 metres of one gram per tonne (g/t) gold, including 15.6 metres of 2.83 g/t and 19 metres of 1.92 g/t gold. Hole 270 drilled from the collar of 261 and directed to the south, intersected two distinct zones of mineralization, the upper zone averaged 78.2 metres of 1.05 g/t gold including 32.5 metres of 2.14 g/t gold. A second lower zone intersected in this hole averaged 88.44 metres of 1.01 g/t gold including 13.6 metres of 2.57 g/t gold. This hole is the deepest hole reported to date with combined mineralized intercepts of over 166 metres and the hole ended in mineralization at 300.84 metres.
Extraordinary step-out
Hole RC304, drilled on trend and collared some 450 metres north of hole RC250, has intersected 35.05 metres of 1.08 g/t gold, including 10.66 metres of 1.51 g/t gold at the bottom of the hole. Hole RC303 drilled 60 metres south of RC304 intersected 10.97 metres of 0.93 g/t gold within a larger lower-grade interval. Both of these holes ended in mineralization.
DETAILED INTERCEPTS
Hole No. From To Core Gold
width (g/t)
05-DDH-265 6.7 159.1 152.4 0.92
05-DDH-265 23.6 159.1 135.5 1.00
incl. 49.1 89.35 40.25 1.31
incl. 49.1 68.1 19 1.92
05-DDH-265 35.8 74.35 38.55 1.19
05-DDH-265 49.1 61.1 12 2.17
and 143.5 159.1 15.6 2.83
Entire hole 6.7 223.75 217.05 0.69
05-DDH-270 57.5 135.7 78.2 1.05
incl. 57.5 90 32.5 2.14
and 212.4 300.84 88.44 1.01
incl. 212.4 228 15.6 1.6
and 260.4 300.84 40.44 1.27
incl. 279.5 293.1 13.6 2.57
05-DDH-270 57.5 96.2 38.7 1.86
05-DDH-270 212.4 251 38.6 0.93
05SPRC-302 23.17 29.26 6.09 0.29
05SPRC-303 14.33 38.71 24.38 0.38
05SPRC-303 110.95 164.59 53.64 0.49
05SPRC-303 149.05 164.29 15.24 0.82
incl. 153.62 164.29 10.97 0.93
Entire hole 3.05 164.59 161.54 0.33
05SPRC-304 41.76 108.81 67.05 0.87
05SPRC-304 73.76 108.81 35.05 1.08
incl. 98.15 108.81 10.66 1.51
05SPRC-304 52.43 108.81 56.38 0.87
Entire hole 3.66 108.81 105.15 0.61
* Results are pending for the remaining 19 diamond drill holes (including holes 266 to 269) and an additional 10 RC holes.
Holes 05SPRC-301 and 302 were drilled in an area some 600 metres to the west below a geochemical anomaly and returned weakly anomalous gold values.
Summary
Step-out and deep drilling has significantly expanded the potential of the Spanish Mountain property. Results to date confirm the presence of a large-scale bulk-minable gold system, which is wide open both along strike and at depth. In addition, it is now believed that at least two distinct zones of mineralization have been intersected within interbedded shales and siltstones, these zone are stratigraphically above and below a more competent quartz wacke unit which hosts bonanza-grade mineralization. This stratigraphy has now been traced along the mineralizing trend for over 1,200 metres and is mineralized about 250 metres across the axis and remains open east and west.
The Spanish Mountain project is a joint venture between Skygold Ventures Ltd. and Wildrose Resources Ltd. in which Skygold has a 70-per-cent participating interest and Wildrose has a 30-per-cent participating interest.
Eco Tech Laboratory Ltd. of Kamloops, B.C., an accredited laboratory, is conducting the sample preparation and analyses. Skygold/Wildrose is submitting standards, blanks and duplicates into the sample stream to maintain quality control. All gold analyses will use standard screen metallic assay techniques. Robert Darney, PGeo, and J.W. (Bill) Morton, PGeo, are the qualified persons (as defined in National Instrument 43-101) who have reviewed this news release.
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