Int'l Wayside Gold Mines Ltd (IWA-VSE) Message Board

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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)

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To: Au Contraire who wrote (1271)	6/29/2000 6:56:00 PM
From: Buckey	Read Replies (1) of 1321

NEWS Int'l Wayside Bonanaza ledge assay results International Wayside Gold Mines Ltd IWA Shares issued 37,963,497 May 10 close $2.04 Thu 29 Jun 2000 News Release Mr. J. Frank Callaghan reports The board of directors of International Wayside Gold Mines has received assay results for diamond drill holes BC2K-16 to 19 inclusive. Holes BC2K-16, 17 and 18 were drilled to test the northwestern extension of the Bonanza ledge zone. Muscovite-dolomite alteration and pyritic bands were intersected in these holes, but contained gold concentrations less than 0.5 gram per tonne Au. The occurrence of minor pyrrhotite in these holes suggests that they are peripheral to the zone of gold mineralization identified to date. Holes BC2K-15 and 19 were drilled to further define the known zone of gold mineralization. BC2K-20 through 24 have been drilled and are currently being logged with assay results pending. Drill hole BC2K-25 is in progress and the proposed locations for BC2K-26 and 27 are also indicated on the drill plan. These locations have been chosen on Panterra Geoservices Inc.'s recommendation, in order to enhance the understanding of the geometry/geology of the Bonanza ledge zone. Core Length Assay Assay Interval ft g/t oz/t Drill hole BC2K-19 91.5-101.3 9.8 1.90 0.055 225 -230 5.0 1.03 0.030 261.8-268 6.2 1.52 0.044 268 -332.8 64.8 18.15 0.529 Including 268 -274.9 6.9 41.17 1.201 274.9-280 5.1 14.91 0.435 280- 285 5.0 12.45 0.363 285- 291.4 6.4 2.32 0.068 291.4-296.1 4.7 19.25 0.562 296.1-300 3.9 36.98 1.079 300- 308.8 8.8 15.51 0.452 310- 315 5.0 30.10 0.878 315- 315.8 0.8 12.36 0.361 321- 326 5.0 21.28 0.621 326- 332.8 6.8 5.17 0.151 362.5-366.6 4.1 6.96 0.203 The BC vein was not intersected in this hole. Narrow quartz-carbonate-pyrite veins occur at 60 to 80 and 91 to 100 feet. Muscovite-pyrite alteration was intersected from 136 to 235, and 261.8 to 374 and pyritic alteration from 374 to 442.7 feet. Core Length Assay Assay Interval ft g/t oz/t Drill hole BC2K-15 200-215 15.0 12.56 0.366 Including 200-205 5.0 31.12 0.908 205-210 5.0 1.48 0.043 210-215 5.0 5.08 0.148 259-265 6.0 1.09 0.032 380-385 5.0 1.05 0.031 The BC vein and fault structure was intersected from 183.5 to 234.4 feet. The mineralized interval from 200 to 215 feet is associated with fine- to medium-grained pyrite in white vein quartz. Muscovite with weak pyritic alteration was intersected from 234.4 to 303.1 and 330.3 to 470.2 feet. This hole is underneath the gold mineralization intercepted in BC2K-13 of 0.639 ounce per ton Au over 74.0 feet and 0.212 ounce per ton Au over 30.0 feet. Core Length Assay Assay Interval ft g/t oz/t Drill hole BC2K-16 440.0-443.5 3.5 14.17 0.413 The BC vein and fault structure was intersected from 20 to 80.1 feet. Muscovite and weak pyritic alteration was intersected from 85 to 141.5, 147 to 165.5 and 214.9 to 250 feet. All assay values are less than one gram per tonne. The mineralized interval, 440 to 443.5 feet, is associated with a narrow quartz-carbonate-pyrite vein in unaltered rock. Drill Hole BC2K-17 The BC vein/fault was intersected from 30 to 90 feet. Muscovite alteration was intersected from 90 to 141.8 and 236 to 372.2 feet, and a large zone of peripheral weak-pyrite alteration was intersected from 372.2 to 575 feet. All assay values are less than one gram per tonne. Core Length Assay Assay Interval ft g/t oz/t Drill hole BC2K-18 200-205 5.0 1.72 0.050 425-430 5.0 1.08 0.032 565-570 5.0 1.49 0.043 The BC vein and fault structure was intersected from 201.2 to 258.7 feet. Mineralization occurs in pyritic fault gouge on the hanging-wall margin of the vein. Weak muscovite-pyrite alteration was intersected from 311.8 to 409 and 465.1 to 698.5 feet. Mineralization at 425 to 430 and 565 to 570 feet is associated with quartz-carbonate-pyrite veins. The company has been advised by the Canadian Venture Exchange that its shares will be reinstated for trading at the opening of trading Friday June 30, 2000. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

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