Here's the release. I think Atna owns about 3 million shares of GYD!
Cheers,
Blake
Grayd Resource Corporation -
Dry Creek drilling results
Grayd Resource Corporation
GYD
Shares issued 12056631
1998-06-12 close $1.15
Monday Jun 15 1998
Mr. John McCluskey reports
High-grade assay results over significant widths have been returned from the first
three 1998 drill holes on Grayd's 100 per cent owned Dry Creek property.
Holes DC98-38 and DC98-39 were drilled in the Fosters Creek area, 100 ft
(30m) west of DC97-32 and DC97-33, which intersected high-grade
mineralization in 1997. Hole DC98-40 is 250 ft (75m) east of DC97-32 and
DC97-33. Results from the 1998 holes in conjunction with results from DC97-32,
DC97-33, DC97-5 and DC97-6, outline a substantial area containing high-grade
mineralization over significant widths. Mineralization remains open along strike and
down dip. Of particular note is the high precious metal content within some of the
intersections.
From To Cu Pb Zn Ag Au
(ft) (ft) % % % g/t g/t
---- ---- -- -- -- --- ---
Hole DC98-38
193.5 223.0 0.14 2.35 5.22 193.9 1.11
including
193.5 209.3 0.23 4.23 9.28 296.5 1.86
Hole DC98-39
254.5 320.0 0.20 3.18 7.30 45.2 0.37
including
254.5 292.0 0.28 4.49 10.33 45.0 0.45
Hole DC98-40
20.0 138.4 0.22 2.56 6.22 182.8 1.03
including
20.0 35.0 1.02 8.46 23.58 531.5 2.42
48.2 61.0 0.21 3.84 7.92 203.3 1.52
70.0 80.3 0.24 6.64 14.63 211.2 0.67
103.0 112.0 0.13 1.24 3.11 274.6 2.69
114.5 122.0 0.31 3.15 6.97 556.7 2.77
Dry Creek is in the Bonnifield District south of Fairbanks, Alaska. The 12,000 ft
(3,600m) 1998 drill program is currently focusing on the DC North horizon, one
of four horizons of polymetallic volcanogenic massive sulphide mineralization
identified on the property. In addition to the projected extensions of the Fosters
Creek area mineralization, projections to high-grade mineralization in the
Discovery area 2,500 ft (750m) east of the current holes, and additional
geophysical and geochemical anomalies will be drilled. Assay results will be
reported as the exploration program progresses.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
