Hi Newman. Are we the only ones looking at hun? The company is raising money for the summer work project (Brett). The following is the Feb.17th news release from their home page.http://hun.com/
Dennis
February 17, 1997
The company has completed the winter phase of its development program on its 100% owned Brett Gold Project near
Vernon, British Columbia.
The 180 foot underground development program included a hanging wall access raise and three crosscuts. The program
extended the hanging wall access raise approximately 80 feet up dip and advanced three 10 foot long crosscuts into the zone.
Fourteen chip samples yielding assays up to 0.60 ounces of gold per ton were taken from the crosscuts:
Crosscut #3: returned 0.44 ounces of gold per ton over approximately 2 feet in an area which previous drilling had indicated no
values.
Crosscut #2: returned 0.60 ounces of gold per ton over approximately 4 feet.
Crosscut #1: which is lower in the zone returned no significant assays.
The average of chip samples taken from each of the two crosscuts and, from eight previous drill holes within the mineralized
block averaged approximately 0.71 ounces of gold per ton.
These results, in conjunction with previous drilling results indicate a mineralized block of approximately 26,000 cubic feet (86
feet up dip by 64 feet in strike length by 4.8 feet in width) of approximately 2,228 tons. Drilling has indicated the mineralization
occurs between elevation 1,230 meters and 1,240 meters.
Subject to favourable results from the sub-drift, the next phase will include sub-drifting immediately off the access raise and on
strike in the mineralized block to intersect four of the earlier drill hole intercepts. The average grade of the four drill holes is
2.02 ounces of gold per ton with the closest hole, approximately 24 feet away on strike, returning a high grade intersection of
6.57 ounces of gold per ton.
This program is estimated to cost approximately $300,000 and is budgeted as follows:
$76,000
Sub-drifting -- slusher drift and draw raises.
45,000
Cribbed raise in the mining zone.
100,237
shrinkage stoping costs.
70,000
Mining egress -- access raise to surface.
$291,237
The program is scheduled to begin immediately upon the completion of the next level of funding.
HUNTINGTON RESOURCES INC.
Roger W. MacInnis
President |
