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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (21351)9/18/2006 2:21:54 PM
From: loantech   of 78422
 
Here is the report I had trouble finding. WGDF to announce a 70,000 foot drill program to go back under Big Chief etc.

I like these old results. Not a high strip ratio at depth as they are starting from the exisitng pit bottom:

FOR IMMEDIATE RELEASE: September 8, 2004 #04-04
Western Goldfields Reports High Grade Gold at Mesquite
Multiple Drill Hole Intercepts Greater than 1.0 Ounces of Gold per Ton
Reno, Nevada, September 8, 2004 – Western Goldfields, Inc. (Pink Sheets: WGDF) is pleased
to announce that its review of geologic and mine operating data at its 100%-owned Mesquite
Gold Mine in Imperial County, California has already highlighted significant, high grade gold
mineralization. The Company continues to evaluate and compile the extensive data gathered by
various parties from twenty years of exploration and mining. The information is being
incorporated into the Company’s plans to recommence mining.
Western Goldfields has focused on areas included in the previous owner’s (a subsidiary of
Newmont Mining Corporation) mine expansion plans that are covered by existing operating
permits. At Big Chief South/Bayhorse, one of the extensions to the Big Chief open pit, multiple
vertical drill holes encountered medium-to-high grade gold mineralization. According to the
Company’s review, the best drill hole intersects recorded in this area include:
?? MR-3052 – 80 feet averaging 0.67 ounces of gold per ton including 30 feet averaging
1.71 ounces of gold per ton.
?? SM-1404 – 50 feet averaging 0.96 ounces of gold per ton including 10 feet averaging
4.41 ounces of gold per ton.
?? SM-1970 – 10 feet averaging 3.88 ounces of gold per ton including 5 feet averaging
7.50 ounces of gold per ton.
?? MR-2793 – 50 feet averaging 0.37 ounces of gold per ton including 10 feet averaging
1.74 ounces of gold per ton.
The Company is evaluating numerous comparable high grade drill intercepts in many other parts
of the permitted pit expansion areas and is designing a drill program to corroborate the historical
results and test the thickness, extension and continuity of high grade gold mineralization. This
program will be used to evaluate high grade and bulk mineable targets.>

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