CXO one to own in the Golden Triangle Past Drill Results from 1987 to 1990 even the Pez was on board
CXO Inel Property now
check out what they left for 26 years amazing super high grade gold oz
historical results from 1987 to 1990 Historical High Grade Gold from 1987 to 1990 1987-09-16 03:00 ET - News Release Mr R E Davis reports: The company reports that exploration on the 100% owned McLymont claim group in the Skyline area of northwestern British Columbia is returning very encouraging results. A drilling contract has been let to Falcon Drilling Ltd of Prince George and is now in progress. To date, assays from one hole have been received which returned 9 feet of 1.28 gold and 4 feet of .28 gold. The location and footage on this hole as well as assays and footage on the other drilling will be released as soon as they are received. ---------------------------------------------------------------------------------------------------------------------------------------- 1987-10-27 03:00 ET - News Release Mr R.E. Davis reports: The drilling program on the company's 100% owned McLymont claim group in the Skyline, Iskut River area of north west BC is still in progress. Assaying has been very slow due to the large amount of samples in the assay labs. We are running 6-10 holes behind. Recent results which have been returned are: hole No. 25, 13 feet of .820 oz gold/ton; hole No. 29, 6.6 feet of 7.72 oz gold/ton and 5 feet of 1.28 oz gold/ton. ---------------------------------------------------------------------------------------------------------------------------------------- Shares Issued 2,964,479 Close 1987-12-03 $ 1.65 Recent Sedar Documents 1987-12-03 03:00 ET - News Release Mr R.E. Davis reports: The company reports that further assays of the core drilling program in the Iskut River area of northwestern BC have finally been received. We are still short some of the silver assays which will be reported when they are received. HOLE FROM TO WIDTH Au Ag 15 18.5 - 27.5 9.0 .420 .44 25 343.0 - 373.0 30.0 .404 409.3 - 412.0 2.7 .250 470.2 - 473.8 3.6 1.520 28 150.5 - 154.0 3.5 .150 29 205.0 - 241.5 36.5 1.492 218.0 - 225.0 7.0 1.492 1.60 30 137.1 - 142.0 4.9 .120 224.1 - 234.0 9.9 .215 1.42 31 173.4 - 186.0 12.6 .158 220.9 - 222.0 1.1 .360 32 161.3 - 168.5 7.2 .201 The drilling has outlined several gold-bearing stratabound pyrite-chalcopyrite magnetic borite zones. Mineralization occurs as layers or lenses at chert/marble and borite geological contacts. The zones have been traced across a 200 m strike length which is open at both ends. ---------------------------------------------------------------------------------------------------------------------------------------- Assay results from first 11 McLymont property holes 1989-08-15 20:22 ET - News Release Mr Gerald Carlson reports: The company has received the results of the first 11 diamond drill holes completed on the Northwest zone of the McLymont property, Iskut River area, northwestern BC. HOLE FROM TO LENGTH CU% AG AU (FT) (FT) OZ/T OZ/T 1 255.1-262.0 6.9 2.32 0.86 1.50 2 99.6-100.5 0.9 0.26 10.48 3.42 223.4-225.9 2.5 3.75 0.81 1.94 3 304.0-314.0 10.0 0.30 0.13 0.44 5 42.0- 47.8 5.8 0.24 0.41 0.72 6 89.5- 97.0 7.5 0.48 0.17 0.42 9 64.5-146.5 82.0 0.30 0.41 0.12 incl 84.3-106.5 22.2 0.73 0.04 0.23 and 121.9-134.0 12.2 0.34 1.42 0.16 11 129.0-136.0 7.0 0.68 0.30 0.25 217.9-239.0 21.1 0.47 1.74 0.77 Drilling of the shallow dipping zone is proceeding on 60 to 80 ft centres. The originally planned 10,000 ft program has been increased to 13,500 ft. The extra footage will in part test a number of newly defined conductors which represent possible extensions of the zone. (c) Copyright 1990 Canjex Publishing Ltd. © 2016 Canjex Publishing Ltd. All rights reserved. ---------------------------------------------------------------------------------------------------------------------------------------- The 1989 phase II program at McLymont Creek, northwestern BC is now underway. The program will consist of a minimum of 10,000 ft of surface diamond drilling. This drilling will focus on expanding the reserve potential of the Northwest zone and testing a number of adjacent geophysical targets. The company's consultant has submitted a report recommending a $2 million underground examination of the Northwest zone. Preliminary preparations for this program are now underway. Significant new results from phase I drill holes 89-25 to 89-36 are as follows: HOLE FROM TO LENGTH CU% AG AU (FEET) (FEET) OZ/T OZ/T 25 28.8-120.6 91.8 0.48 1.23 0.102 223.3-240.0 16.7 0.37 0.86 0.486 26 53.0- 71.1 18.1 0.34 0.91 0.198 Incl 4.3 0.37 0.90 0.584 28 87.9- 93.8 5.9 0.33 0.21 0.422 174.8-177.7 2.9 3.60 0.18 0.447 29 25.9- 61.0 35.1 0.23 0.44 0.267 Incl 6.3 0.45 1.09 0.970 Results to date indicate the potential for the definition of a number of discrete oreshoots. The proposed underground program will be designed to examine in detail their continuity, grade, width and mineability. (c) Copyright 1990 Canjex Publishing Ltd. ---------------------------------------------------------------------------------------------------------------------------------------- Surface exploration to be carried out will include mapping, geophysics, geochemistry and diamond drilling, to test a number of targets on the property. One of the key targets is the Ridge zone, an intense gold geochem anomaly, on strike with the AK zone and 1000 ft to the southeast ---------------------------------------------------------------------------------------------------------------------------------------- The company has entered into an agreement with Avondale Resources whereby Avondale may earn up to a 50% interest in Gulf's 100% owned Inel property, Iskut gold camp, northwestern BC. Avondale must carry out $10 million in exploration expenditures and make payments of $150,000 in cash plus 500,000 shares over a four year program. During the earn-in phase, Avondale will be operator. Gulf will be field manager, receiving a 15% fee for carrying out the exploration program. The first year program is a firm commitment of a minimum of $2.5 million, following the recommendations in a report by Derry, Michener, Booth and Wahl. This work will consist of at least 1,700 ft of drifting and 10,000 ft of underground drilling as well as surface exploration. Best drilling intercepts from the AK zone include 24 ft of 0.628 oz/ton gold (hole S-116), 13.1 ft of 1.508 oz/ton gold (S-148), and 20 ft of 0.422 oz/ton gold (S-149). The zone has been traced for 125 ft on surface where it is exposed between two ice fields. Bulk sampling over a width of 25 ft and along the 125 ft strike length returned 0.876 oz/ton gold. The zone is open down dip below the limit of current drilling (280 ft) and along strike in either direction. The Ridge zone, 1,200 ft to the southeast, has a similar geochemical signature to, and may be the strike extension of, the AK zone. The Ridge zone has been tested by five drill holes, all of which intersected mineralization, with a best result of 7.4 ft of 0.868 oz/ton gold (S-34). The intervening ground between the AK and Ridge zones has not yet been drill tested. ---------------------------------------------------------------------------------------------------------------------------------------- 1990-08-23 20:01 ET - News Release Also News Release (C-AVD) Avondale Resources Inc Avondale Resources Inc (AVD) Dr Gerald Carlson reports Work is progressing well on the company's McLymont project in the Iskut gold camp, northwestern, BC. Nineteen drill holes for a total of 8550 ft have been completed on this 100% Gulf owned property. All have hit the targeted mineralized structures. This is part of a 12,000 ft phase I program which has two objectives. The first, involving infill drilling on the Northwest zone, was designed to test new deposit modelling and to better define the limits of mineralization. This program, which has been focused in the central part of the deposit, has been successful in confirming new geological concepts, namely that the richer grades and thicker widths occur as replacement lenses within an elongate shear zone. This zone has been defined over 1000 ft and is open to the north and at depth. Within this shear, two main lenses, an upper gold-rich zone and a lower gold-copper horizon have been defined, as well as several subsidiary lenses. Several of this year's drill holes have encountered visible gold. The significant assays from results received to date include: HOLE FOOTAGE WIDTH(FT) OZ/TON AU 90-1* 195.0-252.0 57.0 0.35 Inc 195.0-218.0 23.0 0.64 and 207.0-219.0 10.5 1.13 287.0-291.0 4.0 0.47 90-2* 164.5-167.0 2.5 1.17 192.5-196.5 4.0 0.77 252.0-268.0 16.0 0.64 Inc 260.0-268.0 8.0 1.03 90-5 289.0-304.0 15.0 0.24 Inc 289.0-292.0 3.0 0.94 90-6 319.5-326.3 6.8 0.14 90-7 309.0-314.0 5.0 0.24 90-9 182.0-196.0 14.0 0.12 307.0-312.0 5.0 0.21 90-10* 213.0-217.0 4.0 0.17 229.0-233.0 4.0 0.11 90-12 41.0- 48.5 7.5 0.19 195.0-199.5 4.5 0.11 90-13 222.9-227.0 4.1 0.14 90-14 57.0- 58.8 1.8 0.66 90-15 508.4-515.7 7.3 0.12 90-16* 255.0-277.5 22.5 0.25 Inc 273.0-277.5 4.5 0.51 309.0-311.7 2.7 0.38 323.0-325.3 2.3 0.29 343.4-346.5 3.1 0.45 368.5-370.5 2.0 0.25 * Visible gold Trenching has exposed the main mineralized zone at the southern end of the property. Preliminary sample results include 0.27 oz/ton Au over 6.2 ft, 0.77 oz/ton Au over 6.2 ft (these two samples are contiguous for an average of 0.52 oz/ton Au over 12.4 ft), and 1.10 oz/ton Au from a grab sample. Additional drill testing is planned for this portion of the deposit, in the vicinity of hole 88-35 which intersected 6.9 ft grading 3.55 oz/ton Au. The trench information and adjacent drilling suggests that the southern portion of the deposit would be amenable to open pit mining. The second objective of the program is to drill test new targets. These, in order of priority are: Northwest zone, north extension - the deposit is open to the north and the northernmost drill holes, some with visible gold, suggest a high grade lens is being approached. Down-dip extensions - targets will be tested beneath the existing deposit and within the adjacent McLymont fault. Geophysical targets - magnetometer and EM profiles have designed targets in a geological environment very similar to the Northwest zone in the central part of the property. (c) Copyright 1990 Canjex Publishing Ltd. © 2016 Canjex Publishing Ltd. All rights reserved. ---------------------------------------------------------------------------------------------------------------------------------------- Also News Release (C-AVD) Avondale Resources Inc Avondale Resources Inc (VD) Mr G.G. Carlson reports The company announces initial assay results from underground workings on the Inel property. Sampling just inside the portal encountered on a mineralized zone which is believed to be a strike extension of the 98 zone, discovered in 1989 with a drill intercept of 1.6 feet grading 94.279 oz/ton gold. Panel sample assay results from the Portal zone include: FROM TO WIDTH GOLD SILVER ZINC ft ft ft oz/t oz/t % Right rib 9.8 19.7 9.9 0.34 0.06 0.88 including: 3.3 0.94 0.06 0.90 Left rib 9.8 23.0 12.2 0.07 0.54 1.73 including: 3.3 0.23 0.45 0.41 A summary of 98 zone diamond drill highlights from 1989 includes: HOLE WIDTH GOLD ft oz/t 119 15.1 0.48 130 1.6 94.28 162 6.9 0.32 163 4.9 0.56 Meanwhile, the drift continues towards the target AK zone ahead of schedule, with close to 300 feet of underground development completed. Underground drilling is scheduled to commence on September 5 1990. Some of the better intercepts from 1989 AK zone drilling include: HOLE WIDTH GOLD ft oz/t 116 24.0 0.63 148 13.0 1.51 149 20.0 0.42 A total of 1,500 feet of undergound drifting to provide stations for 12,000 feet of diamond drilling is planned. The deposit is open along strike and at depth. Avondale Resources is funding this program in the first year of their option, whereby they can earn a 50% interest in the Inel property by spending $10 million in exploration and paying $150,000 in cash and 500,000 shares over four years. (c) Copyright 1990 Canjex Publishing Ltd. © 2016 Canjex Publishing Ltd. All rights reserved. Mobile Old Si ---------------------------------------------------------------------------------------------------------------------------------------- More McLymont assays received 1990-08-29 11:32 ET - News Release Mr Reginald Davis reports On the company's 100% owned McLymont property, fill-in drilling in the main north-central part of the northwest gold zone is continuing to expand the potential of good to high grade gold bearing lenses in this part of the thick sedimentary sequence. New results from holes 90-17 and 90-18 have confirmed previous grades and have extended length and width of two of the five major gold-bearing mineral lenses localized in this sequence. Some of the assay results from these major lenses were previously reported for holes 87-25, 87-29, 88-28, 89-11, 90-1 and 90-16. New results are: HOLE FROM TO WIDTH GOLD ft ft ft oz/t 90-17 212.6 216.0 4.6 0.120 363.0 364.7 1.7 0.363 371.1 376.7 5.6 0.828 90-18 339.9 371.5 31.6 2.122 Assays are still to be completed. (c) Copyright 1990 Canjex Publishing Ltd. © 2016 Canjex Publishing Ltd. All rights reserved. ---------------------------------------------------------------------------------------------------------------------------------------- 1990-09-17 17:54 ET - News Release Mr Reg Davis reports Additional drilling results have been received from the company's 100% owned McLymont property. These holes fill in and extend the southern end of the Northwest gold zone and continue to expand the potential for good to high grade gold bearing lenses in this part of the sedimentary sequence. New results are: From To Width Au Hole (ft) (ft) oz/ton ---- ---------- ----- ------ 90-19 97.0 - 105.0 8.0 0.203 90-23 110.0 - 114.2 3.2 0.350 90-26 107.0 - 116.0 9.0 0.715 90-27 46.0 - 53.0 7.0 0.425 90-30 79.0 - 96.5 17.5 0.341 incl 79.0 - 84.0 5.0 0.844 170.0 - 186.0 16.0 0.102 207.0 - 212.0 5.0 0.364 90-31 29.0 - 35.5 6.5 1.289 70.0 - 81.3 11.3 0.120 130.0 - 134.0 4.0 0.200 202.5 - 212.7 10.2 0.292 incl 202.5 - 206.0 3.5 0.788 Additional assays are pending from this program. The company has also staked 10 claims, including 200 units, ten miles north of its McLymont property and bordering the Cominco Foremore property on the southwest. Cominco has mounted a major drill program this summer on a rumoured stratabound base metal discovery. (c) Copyright 1990 Canjex Publishing Ltd. ---------------------------------------------------------------------------------------------------------------------------------------- 1990-10-22 12:00 ET - News Release Mr Reg Davis reports Gulf International announces the assay results from its underground drilling program on the Inel property in the Iskut gold camp, north-western BC. A total of 17 holes have been drilled to date and have been directed to delineating a gold-enriched intrusive breccia. Tracing better values for the full width of the breccia along strike to the south-east U-171 obtained 1.197 oz/t gold across 24.3 feet, U-174 at 110 feet along strike gave 0.115 oz/t gold across 49.4 feet, and U-185 a further 90 feet along strike gave 0.379 oz/t gold across 42.4 feet. Within U-185, values of 1.964 oz/t gold across 4.0 feet and 1.025 oz/t gold across 4.0 feet were obtained. New results of particular interest are: HOLE FROM - TO WIDTH GOLD ft ft oz/ton U-175 214.0-234.0 20.0 0.117 282.0-294.0 12.0 0.099 U-178 66.0- 71.0 5.0 0.108 U-180 186.0-241.0 55.0 0.077 incl: 202.0-222.0 20.0 0.113 U-182 80.0- 91.0 11.0 0.413 U-185 264.0-294.1 30.1 0.531 incl: 264.0-276.0 12.0 0.812 and 288.0-294.1 6.1 0.961 404.5-422.0 17.5 0.279 incl: 417.0-422.0 5.0 0.763 The drilling program continues to explore the strike extent of the target breccia to the south-east and further assay results are pending. Underground development on the AK zone has been completed for the season with the completion of 650 feet of drifting to the south; this brings development work to a total of 1,230 feet for 1990. Avondale Resources is funding this program in the first year of their option, whereby they can earn a 50% interest in the Inel property by spending $10 million in exploration and paying $150,000 in cash and 500,000 shares over four years. |
