WOW WAIT TILL WYG DOES THE DEEP HOLES!!!
International Wayside Gold Mines Ltd (3)
Symbol WYG
Shares Issued 36,329,037
Close 2009-10-23 C$ 1.37
Recent Sedar Documents
Int'l Wayside drills 70.9 m of 10.7 g/t Au at Bonanza
2009-10-26 06:16 ET - News Release
Mr. Andrew Rees reports
DRILL HOLE 14B INTERCEPTS 70.9 METERS (232.6 FEET) OF 10.7 G/T (0.311 OZ/T) GOLD, INCLUDING 38.7 METERS (126.9 FEET) OF 19.0 G/T (0.555 OZ/T) GOLD
International Wayside Gold Mines Ltd. has completed an 18-hole infill diamond drill program in the Bonanza Ledge zone at Barkerville Mountain, designed by Mintec Inc. Assay results for drill holes BC09-10, BC09-13, BC09-14, BC09-14B (partial: 92.2 of 203 metres have been assayed to date), BC09-15, BC09-16 and BC09-17 were recently received.
Highlights of the drill results include:
Hole BC09-14B: 70.9 metres (232.6 feet) of 10.7 grams per tonne (g/t) (0.311 ounce per ton) gold
including: 38.7 metres (126.9 feet) of 19 g/t (0.555 ounce per ton) gold
92.2 metres (302.6 feet) -- 203 metres (666 feet); assay results pending
Drilling of BC09-14B was recently completed to a depth of 203 metres (666 feet) and the core samples from pending assays were split and sent to Eco Tech Laboratory Ltd. for analysis on Oct. 24, 2009, and will be released when received. BC09-14B was drilled 50.5 metres (165.6 feet) southeast of BC09-12, which returned assays of 84.4 metres (277 feet) of 16.5 g/t (0.481 ounce per ton) gold (see news in Stockwatch Oct. 7, 2009). Assay results have been received to 92.2 metres (302.6 feet). BC09-14B marks the beginning of a new phase of drilling targeting Bonanza Ledge mineralization at depth and below the existing National Instrument 43-101 proven reserves, as reported in the company's prefeasibility study Sept. 10, 2009, and filed on SEDAR Oct. 23, 2009.
Drill hole BC09-14 was stopped at 87 feet in a fault zone which required its redrilling as BC09-14B. Drill hole BC09-14B was cased to 21.3 metres (70 feet) and samples were not taken within the cased portion of the hole.
J. Frank Callaghan, president and chief executive officer, stated: "We are excited to start a new phase of drilling targeting Bonanza Ledge-style mineralization at depth, below the proposed Bonanza Ledge open-pit gold mine and along strike of the Bonanza Ledge trend. This next phase of Bonanza Ledge drilling will begin as the company's consultants and geologists interpret the data gathered from the infill drill program. The company is currently drilling the Butts zone, two kilometres northwest of the Bonanza Ledge in the Cariboo gold quartz and Island Mountain mine trends."
SUMMARY OF ASSAYS OF DDH BC09-10, 13 THROUGH 17
No. drill hole From To Width Gold
(feet) (feet) (g/t) (oz/t)
62.4 87.0 24.6 3.58 0.104
1 BC09-10 including
64.5 67.9 3.4 25.3 0.738
2 BC09-13 127.0 235.4 108.4 0.45 0.013
3 BC09-14 37.0 47.0 10.0 0.11 0.003
84.0 87.0 3.0 0.12 0.003
4 BC09-14B 70.0 302.6 232.6 10.7 0.311
including
91.6 96.0 4.4 1.38 0.040
96.0 99.1 3.1 2.51 0.073
99.1 102.0 2.9 29.2 0.852
102.0 106.0 4.0 1.07 0.031
106.0 116.0 10.0 1.71 0.050
116.0 117.7 1.7 10.1 0.295
117.7 120.5 2.8 115 3.354
120.5 126.0 5.5 89.7 2.616
126.0 130.3 4.3 7.45 0.217
134.9 141.1 6.2 6.25 0.182
146.0 152.0 6.0 6.35 0.185
152.0 156.0 4.0 22 0.642
156.0 158.0 2.0 12.2 0.356
158.0 162.1 4.1 2.14 0.062
162.1 166.0 3.9 15.4 0.449
166.0 168.5 2.5 35.5 1.035
168.5 171.0 2.5 2.18 0.064
171.0 176.0 5.0 25.1 0.732
176.0 179.4 3.4 83.5 2.435
179.4 182.3 2.9 17.5 0.510
182.3 186.0 3.7 10.4 0.303
186.0 188.8 2.8 2.52 0.073
188.8 192.2 3.4 9.45 0.276
192.2 196.0 3.8 38.50 1.123
196.0 198.3 2.3 15.9 0.464
198.3 206.6 8.3 7.25 0.211
206.6 213.3 6.7 14.6 0.424
213.3 216.0 2.7 2.85 0.083
216.0 219.3 3.3 4.80 0.140
219.3 221.2 1.9 69.5 2.027
221.2 226.0 4.8 11.1 0.324
226.0 231.0 5.0 2.41 0.070
231.0 236.0 5.0 1.07 0.031
241.8 246.0 4.2 2.15 0.063
261.1 265.4 4.3 1.75 0.051
273.5 276.0 2.5 1.32 0.038
Pending Pending Pending Pending Pending
Pending Pending Pending Pending Pending
248.2 257.0 8.8 1.36 0.040
5 BC09-15 277.0 287.0 10.0 0.15 0.004
96.0 186.0 90.0 2.64 0.077
including
136.0 141.0 5.0 1.44 0.042
159.7 166.0 6.3 11.7 0.341
166.0 170.6 4.6 16.9 0.493
170.6 176.0 5.4 2.68 0.078
176.0 181.4 5.4 2.27 0.066
6 BC09-16 181.4 186.0 4.6 6.25 0.182
223.8 239.4 15.6 1.58 0.046
including
223.8 228.4 4.6 2.24 0.065
228.4 239.4 11.0 2.22 0.065
389.1 425.2 36.1 0.20 0.006
496.0 500.0 4.0 0.10 0.003
559.8 566.0 6.2 0.10 0.003
7 BC09-17 137.0 167.0 30.0 0.20 0.006
173.8 178.5 4.7 0.10 0.003
The technical information in this news release has been reviewed and approved by chief geologist Jim Yin, PhD, PGeo, a qualified person as defined in National Instrument 43-101. The gold values presented have been derived from assay data received from Eco Tech Laboratory Ltd. in Kamloops, B.C., using fire assay with an AA (atomic absorption) finish.
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