stockman,
Here is another news release.
Gold porphyry discovered at Mt. Nansen
BYG Natural Resources Inc BYG
Shares issued 55,585,360 Jul 21 close $0.20
Wed 22 Jul 98 News Release
Mr. Graham Dickson reports
BYG Natural Resources discovered gold porphyry mineralization on its Mt.
Nansen property to the northwest of its present open pit operation. The
gold porphyry was discovered when drilling for occurrences of further ore
bodies along the continuation of the footwall fault of the Brown McDade
open pit.
The discovery hole, 98-198, bottomed in the mineralization with the last
23.8m (78.00m to 101.80m) averaging 1.40 g/t of gold and 11.1 g/t of silver
for a gold equivalent of 1.60 g/t.
The 98-198 hole was drilled to test a large gold-in-soil anomaly and
intersected a strongly pyritized porphyry on the flanks of a large
magnetite-epidote alteration zone.
The precious metal rich porphyry style appears to be typical of the
classical porphyry model within the Dawson Range, which is host to several
porphyry style deposits.
Drilling on the property will commence on Thursday, July 23, 1998 to
continue the delineation of the Flex zone, to continue the exploration of
the Brown McDade zone to the north and south and to further explore the
gold porphyry deposit.
The assay results for the remaining 11 drill holes (1,009m) along the
Brown-McDade structural trend are nearly completed and will be reported in
the near future.
The milling operation continues to operate at or close to its design
capacity of 700 mtpd.
Installation of the thickener, for recovery of cyanide from the tailings,
is complete and will result, not only in reducing cyanide consumption but
also in greatly reducing the load and cost of its effluent treatment
system.
Design and engineering work is being completed for the installation of the
flotation circuit, which will allow for an increased recovery of gold and
silver from the Flex ore.
The flotation circuit will be completed in time to improve recoveries of
both gold and silver from the Brown McDade open pit as it becomes more
sulphidic at depth.
The operation continues to meet all environmental guidelines.
Sincerely,
Al Cern |
