Drill Results 2002 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Drill Results 2002

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pete who wrote (14)	10/8/2002 9:53:30 PM
From: Rocket Red	Read Replies (1) of 22

Tuesday October 8 2002 News Release Mr. Richard Rivet reports KINGS BAY GOLD AND SOLITAIRE MINERALS DRILLING UPDATE, GARNET ... Fourteen holes have been completed at King's Bay Gold and Solitaire Minerals' Garnet Lake property, Confederation Lake area, Red Lake, Ont. Many of the holes have intersected varying widths of altered and heavily mineralized rock units similar to those hosting lode gold deposits at the Red Lake mines. The joint venture partners had originally planned for 12 holes to be drilled, then expanded to 14 and have now elected to expand the current drill program to 15 holes. To date, drilling has intersected the target horizon with varying widths of alteration and mineralization ranging from eight to 49 feet. The companies are looking forward to receiving the forthcoming initial assay results, which are expected this week and will be released immediately upon receipt. Drilling continues to test this newly discovered gold-bearing horizon which is open at both ends and at depth. King's Bay and Solitaire are impressed with the complexity and diversity of mineralization thus far encountered at the newly discovered mineralized zone within the Garnet Lake property and are presently in the process of adding to their land position by staking eight units on the northern border. The partners have subsequently called for 15 kilometres of line cutting and geophysics to commence immediately. King's Bay Gold, the operator of the project has also acquired three more diamond drill rigs, which will be used for future drilling programs. Red Lake properties King's Bay's portfolio of properties in the Red Lake/Birch-Uchi greenstone belt include the Headway, Pickle Crow and Garnet Lake prospects where partner Solitaire Minerals has the right to earn a 50-per-cent interest. Each of these properties exhibit excellent potential for hosting high-grade gold deposits and are located within the world-class Red Lake area. The Headway property is located about 1,200 metres from Goldcorp Inc.'s high-grade zone (HGZ). Goldcorp's Red Lake mine is claimed to host one of the richest gold orebodies in the world. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com old url (better for printing)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next