International Wayside receives BC Vein drill hole assays
International Wayside Gold Mines Ltd IWA
Shares issued 11,697,978 Oct 18 close $0.17
Tue 19 Oct 99 News Release
Mr. J. Frank Callaghan reports
International Wayside Gold Mines Ltd. has completed 10 additional surface
diamond drill holes at the BC Vein, on the company's 100-per-cent-optioned
Cariboo gold quartz project; at Wells, near Barkerville Historic Town, in
central British Columbia. Recorded production from the company's ground and
surrounding area is 3.9 million ounces of gold, of which 1.3 million ounces
was lode and 2.6 million ounces was placer.
Thirty-one diamond drill holes have now been completed on the BC Vein.
Twenty-five of these drill holes are along strike, 900 feet grid west of
the BC Shaft and six exploratory drill holes are along strike and test the
BC Vein 700 feet grid east of the BC Shaft.
BC99-09 is the continuation and completion of the BC98-13 through BC99-09
fan location, of definition drilling of an ore grade shoot 300 feet to 600
feet west of the BC Shaft.
BC99-10, 11, 12 and 15 were exploratory holes grid east of the BC Shaft in
an attempt to locate the next high-grade ore shoot, while BC99-14 tested
the configuration of the hanging wall veins intersected in BC99-12 between
88 feet and 120 feet.
BC99-13 intersected the Goldfinch Fault and BC99-16 and 17 intersected the
American extension portion of the BC Vein on the other side of the
Goldfinch Fault which is open for another 600 feet before going into
overburden.
BC99-15 intersected the BC Vein from 258 feet through to 320.1 feet. Sludge
samples indicate anomalous values in quartz stringer zones in a weak,
mariposite-bearing carbonatized zones on both the hanging wall and the
footwall of the BC Vein.
BC99-18 filled in the gap between drill holes BC98-9 and 10.
With the receipt of the assay results listed below, the mineral inventory
for the zone grid west of the shaft is being prepared. In addition, the
unsampled core from areas which returned anomalous sludge samples is being
re-examined and sampled.
Surface diamond drill holes, BC Vein
BC99-09, 2850 N, 18365 E, 4972 EL,
-72 degrees, Az 272 degrees, 285 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
216-224 8.0 1.38 0.040
240.5-244.5 4.0 2.26 0.066
270-272.6 2.6 33.63 0.980
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
175-185 10.0 1.19 0.347 175-185
225-235 10.0 1.06 0.031 215-245
265-275 10.0 0.83 0.024 265-285
275-285 10.0 2.31 0.067 15-285
BC Vein intersection 215 to 244.5
BC99-10, 2888 N, 19333 E, 4961 EL,
-50 degrees, Az 227 degrees, 385 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
102-111.8 9.8 0.44 0.012
111.8-120 8.2 2.37 0.069
124-129 5.0 0.32 0.009
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
65-75 10.0 1.04 0.030 65-75
105-175 70.0 2.39 0.069 105-175
345-355 10.0 1.12 0.032 45-385
Remainder of core 120 to 175 not sampled -
weak carbonitite unit
BC Vein intersection 214-277
BC99-11, 2888 N, 19327 E, 4961 EL,
-50 degrees, Az 257 degrees, 345 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
222.2-224 1.8 1.88 0.054
272.5-275 2.5 2.71 0.079
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
145-165 20 1.36 0.032 145-165
195-295 100 1.64 0.047 195-295
305-335 30 1.30 0.038 305-335
45-345
BC Vein intersection 224-291
BC99-12, 2897 N, 19320 E, 4961 EL,
-50 degrees, Az 2767 degrees, 495 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
88-97 9.0 1.41 0.041
132-135 3.0 1.69 0.049
165-166.5 4.5 3.6 0.105
364.2-390 25.8 5.0 0.145
423-441.7 18.7 3.72 0.108
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
35-45 10 4.54 0.132 25-85
55-65 10 4.13 0.120 85-120
80-120 130 2.26 0.066 120-365
210-360 150 1.11 0.032 365-445
360-445 85 5.26 0.153 445-495
445-495 50 6.94 0.202
BC Vein intersection 364.2-441.7
Weak carbonitized zone 441.7-495.
No core sampled.
BC99-13, 2862 N, 17876 E, 4947 EL,
-50 degrees, Az 224 degrees, 160 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
No core assayed
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
60-110
60-160 No values 110-125
125-160
60-160
BC99-14, 2897 N, 193286 E, 4961 EL,
-70 degrees, Az 276 degrees, 225 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
66-70 4.0 1.57 0.045
191.5-197 5.5 5.62 0.164
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
25-35 10 1.22 0.035
65-75 10 2.91 0.084 65-75
95-145 50 1.55 0.045
185-225 40 1.75 0.051 190-200
Hole targeted on veining in top part of
BC99-12 and not BC Vein.
BC99-15, 2895 N, 19338 E, 4960 EL,
-50 degrees, Az 169, A2 degrees, 345 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
265-305 40.0 4.19 0.122
305-310 5.0 1.25 0.036
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
75-85 10 2.58 0.075 30-250
125-135 10 3.03 0.088 250-260
235-255 20 1.21 0.035 260-305
305-345 40 1.04 0.030 305-345
320-345
30-345
BC Vein intersected 265-305
BC99-16, 2890 N, 17817 E, 4960 EL,
-49 degrees, Az 222, A2 degrees, 170 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
79-80 1.0 12.12 0.353
85-90 5.0 1.60 0.045
90-96 6.0 5.10 0.148
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
80-120 40 2.92 0.085 30-80
80-120
120-170
BC Vein intersected 90-96
BC99-17, 2890 N, 17817 E, 4960 EL,
-70 degrees, Az 222 degrees, 175 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
45-50 5.0 1.79 0.052
103-115 7.0 2.23 0.065
123-126 3.0 4.71 0.137
126-130 4.0 0.07 0.002
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
45-55 10 1.06 0.031 25-120
65-85 10 2.35 0.068 120-130
95-145 50 1.82 0.053 130-175
155-165 10 1.18 0.034 25-175
BC Vein intersected 123-130
BC99-18, 2760 N, 18180 E, 4933 EL,
-50 degrees, Az 224 degrees, 155 feet
CORE
Interval Length Assay Assay
(feet) (g/t) (oz/t)
30-35 5.0 2.13 0.062
42.5-77.5 35.5 15.61 0.455
105-125 20.0 6.67 0.194
128-134 6.0 2.02 0.059
SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval
(feet) (g/t) (oz/t)
15-75 60 8.97 0.261 17-40
75-105 30 1.71 0.049 40-105
105-135 30 11.66 0.340 105-125
135-155 20 2.16 0.063 125-135
135-155
17-155
BC Vein zone 42-134
Before proceeding with the setup for BC99-49 through 21, a proposal has
been made to move to a setup 1,500 feet grid east of the shaft in the area
of the projected Waoming Fault to BC Vein juncture to test for camp
historical higher grade ore shoots near fault vein junctures.
Management believes that an opportunity exists for an open pit mine
together with a high-grade underground operation such as the BC Vein. The
Cariboo gold project consists of the Cariboo gold quartz mine, Island
Mountain mine and the Mosquito Creek gold mine and covers 11,500 acres over
a distance of eight miles by three miles. The company has driffed off to
date thus far a measured and probable resource of an additional one million
plus ounces minable by open pitiable methods depending on cutoff and is
open at both ends and to depth.
(c) Copyright 1999 Canjex Publishing Ltd. |
