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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: Nikole Wollerstein9/29/2006 1:04:53 PM
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New surface sampling by Beaufield west of what was previously referred to as the Channel zone was conducted during the 2006 summer exploration program. Assays received from the program included gold values of 27.6 g/t, 9.7 g/t and 9.2g/t within a geological sequence which contains altered sediments, conglomerates and pegmatite dykes. Conglomerates with a strongly altered matrix elsewhere in the area returned gold values up to 6.0 g/t.

In addition, a new area within the previously identified Rusty zone was tested. Two samples yielded significant values of gold, cobalt and anomalous nickel. These were 3.4 g/t gold, 0.579% cobalt and 0.9 g/t gold, .207% cobalt. These will be further assayed for platinum group elements. Other samples taken in the vicinity of the Rusty zone assayed 9.9 g/t, 9.5 g/t, 5.6 g/t and 2.0 g/t gold.

Beaufield has received the results from approximately half of the samples sent for assay during the summer program. Within these assays several other zones of anomalous gold and arsenic have been identified. These will be further studied during the current field program. The summer program has been successful in defining geology of significant similarity to the adjacent Eleonore discovery. A drilling program to further define the Rusty zone target area will be undertaken in October, as previously mentioned in the September 21st press release. The samples were analyzed using a standard fire assay with Atomic Absorption.
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