NEWS RELEASE FROM STOCKWATCH:
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Dan
International Wayside reports more drill assays
International Wayside Gold Mines Ltd IWA
Shares issued 27,403,013 Apr 14 close $2.00
Mon 17 Apr 2000 News Release
Mr. J. Frank Callaghan reports
International Wayside provides information on more drill assays for the new
zone (yet to be named) of mineralization in the footwall of the B.C. vein
on Barkerville mountain. Gold mineralization is hosted by tan-coloured
alteration consisting of sericite and dolomite. Gold mineralization is
associated with thin stringers of blue-gray silica, dolomite and pyrite.
BC 2K-13
2800 N 19760E 4900 EL 45 degrees
223 degrees 600 feet
Core Core recovery
Interval Length Assay Assay %
(feet) (g/t) (oz/t)
245.0-354.0 109 10.60 0.309 93
Including:
245.0-255.0 10.0 11.68 0.341 85
255.0-260.0 5.0 1.85 0.054 85
260.0-275.0 15.0 6.13 0.179 88
275.0-281.5 6.5 0.48 0.014 93
281.5-293,5 12.0 27.21 0.794 96
293.5-305.0 11.5 5.16 0.151 97
305.0-320.0 15.0 25.98 0.758 98
320.0-354.0 34.0 4.68 0.137 97
Core for drill hole BC 2K-09 is in for assay. Drill holes BC 2K-14, 15, and
16 are being logged. Drilling has commenced on BC 2K-1 7 at -66 degrees
from the same setup as BC 2K-16, which is 600 feet along strike from BC 2K
13, the drill hole reported in Stockwatch news of March 14, 2000.
The property is located near Wells, British Columbia, adjacent to
Barkerville historic town in north central British Columbia. Previous
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.
The company has been exploring the Cariboo Gold project property since
1995, and has identified a measured and indicated resource of one million
ounces depending on cut-off grade, which will be mined by open- pit mining
methods near the top of Cow mountain (4500 feet elevation). On April 7,
2000, the British Columbia Environmental Assessment office accepted for
review a development application for a 3,000-tonne per day facility. |
