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Little Joe
NTERNATIONAL WAYSIDE GOLD
MINES LTD. ("IWA-V;IWYGF-L") -
More Diamond Drill Assay Results on BC
Vein
J. Frank Callaghan, President of
International Wayside Gold Mines Ltd.
(the "Company"), announces that Mr. Robert Reid P.Geo. has reported to
the Board of Directors of the Company on the progress of the BC Vein
surface diamond drilling program at the Cariboo Gold Quartz mine project.
Drilling has now been increased to two shifts per day. Mr. Reid reports;
"The positive results from diamond drill holes BC98-01 to BC98-05,
(News Release 98-21 & 98-23) have shown that high grade gold
mineralization is far more extensive than indicated by surface and
underground development. The diamond drill was moved from BC98-06 to
BC98-10 to setup on the hangingwall side of the vein, utilizing existing
trails allowed the Company to drill a 600 foot stepout, westerly from the
impressive results of drill hole BC98-05. This site enabled testing under
and around an area of the BC Vein at the Goldfinch Fault junction where
surface sampling yielded 0.38 oz. gold across 6.8 feet along 70 feet. The
Goldfinch Fault offsets the vein 170 feet northerly. Surface sampling of the
vein on the foot wall of the fault yielded 0.51 oz gold across 6.8 feet along
75 feet (west of offset, the vein is named the American Extension). The vein
extent to the west of this zone is open and untested." (see plan)
The drill is now set up in between BC98-05 and BC98-10, also on the
hangingwall side which will enable testing of the majority of the gap by fan
hole drilling. Starting with BC98-11, these next holes re designed to outline
what is becoming a high grade ore shoot. To date only 25% of the surface
exposure of the BC Vein has been drilled. The surface exposure of the BC
Vein is at least 2,400 feet in length, averages 20 feet in thickness, and is
known to a depth of 850 feet, dipping at 68 degrees. Follow up on the
extensive BC Vein system east of the shaft (which returned positive results
BC98-02) remains to be tested (1200 feet in length).
BC98-06 failed to intersect the BC Vein as it crossed the Goldfinch Fault.
Therefore additional drilling for possible "drag ore" (ore carried within the
lateral movement of the fault) will be required.
Holes BC98-07 and BC98-08 tested under the known surface zone. the
visual results of these led to the decision to complete the available fan from
this set-up. Drill holes BC98-09 and BC98-10 were targeted 50 feet east of
the surface zone returning impressive values.
Due to the friable (easily crumbled) schistose nature of the host rock there
is poor core recovery. This also occurs within the veins due to cleavage,
faulted contacts and the crystalline nature of the me massive pyrite sections.
This results in ore grade material being recovered from the drill holes as
mostly sludge. Assays on this material, taken over ten foot intervals, are
characteristic of the ore grade of the vein. In zones of poor recovery, both
core and sludge results are indicative of the gold content of the intercepts.
Surface Diamond Drill Holes, BC Vein
BC98-06 - 2772.1N, 18077.8E, 4946EL, -50 degrees, Az 267 degrees, 195 ft
CORE SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval Length Assay Assay Interval %
ft. g/t oz/t g/t oz/t
37.5-90.5 53 .027 0.0008 40-90 50 1.98 0.058 40-90 35
79-82 3 .110 0.003 20-195 30
BC98-07 - 2773, 18080E, 4946EL, -50 degrees, Az 242 degrees, 185 feet
CORE SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval Length Assay Assay Interval %
ft. g/t oz/t g/t oz/t
72.91.5 19.5 1.19 0.035 30-40 10 3.18 0.093 30-40 57
91.5-96.6 5.5 9.44 0.275 50-60 10 1.15 0.034 50-60 55
70-100 30 2.95 0.086 70-100 56
90-100 10 5.37 0.157 90-100 77
25-185 55.6
BC98-08 - 2773N, 18080E, 4946EL, -75 degrees, Az 242 degrees, 255 feet
CORE SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval Length Assay Assay Interval %
ft. g/t oz/t g/t oz/t
37-41 4 1.20 0.035 25-50 25 16.90 0.493 30-50 49
110-120 10 2.04 0.060 50-90 40 1.22 0.036 50-90 53
90-145 55 4.63 0.135 90-145 47
110-120 14
15-225 56
BC98-09 - 2773N, 18081E, 4946EL, -50 degrees, Az 198 degrees, 165 feet
CORE SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval Length Assay Assay Interval %
ft. g/t oz/t g/t oz/t
35.1-36.3 1.2 1.67 0.049 35.45 10 2.73 0.080 35-45 63
80-100 20 12.94 0.377 75-85 10 2.91 0.085 80-100 58
80-85.5 .5 8.05 0.235 85-105 20 7.73 0.225 100-115 51
90-95 5 27.67 0.807 105.115 10 1.60 0.047 20-165 47
97.1-100 2.9 24.99 0.729 115-165 50 0.79 0.023
100-115 15 1.79 0.052
145-149 4 1.05 0.031
BC98-10 - 2773N, 18081E, 4946EL, -75 degrees, Az 198 degrees, 295 feet
CORE SLUDGE CORE RECOVERY
Interval Length Assay Assay Interval Length Assay Assay Interval %
ft. g/t oz/t g/t oz/t
40-42.5 2.5 1.46 0.042 5-65 60 16.03 0.468 7-25 31
95-98 3 1.03 0.030 5-15 10 49.44 1.442 7-95 67
100-105 5 7.29 0.213 85-115 30 6.61 0.193 95-125 52
111-120 9 6.83 0.199 115-215 100 1.78 0.052 125-160 78
161-163 2 1.63 0.048 160-170 61
170-295 54
In addition, the second surface diamond drill rig continues drilling on the Butts Zone
(News Release 98-22).
Map available from the Company. TEL: (604) 669-6463
J. Frank Callaghan, President FAX: (604) 669-3041
1-800-663-9688
North America Toll Free EMAIL: info@wayside-gold.com INET: www.wayside-gold.com |
