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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who started this subject10/31/2003 11:52:39 AM
From: peter snowdon  Read Replies (1) of 39344
 
more news from stealth:

The Company has received assays from 12 rock samples from the August prospect, which is a new showing located in the southeast part of the Toodoggone Project and east of the known Audrey prospect (094E116). The gold values from outcrop and float samples ranged from trace to 25.48 g/t with associated silver and base metals values.

Three grab samples from outcrop on a poorly exposed vein that trends ~1600 assayed 5.11 g/t gold, 25.48 g/t gold and 11.1 g/t gold over six (6) metres. Approximately 200 metres northwest of this showing a rock (float) sample of similar material assayed 1.7 g/t gold. The vein system is poorly exposed in an area about 200 metres by 200 metres. Other veins occur and remain to be sampled. The showing appears to open in all directions as it is covered by overburden and dense vegetation. Detailed follow-up prospecting is planned.

The showing appears to be hosted in Takla volcanics and the alteration assemblage consists of quartz-sericite-calcite-pyrite with associated gold, silver chalcopyrite, sphalerite and galena mineralization. The showing adjoins Northgate’s Kemess mine property to the east.


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p.s.
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