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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (478)	9/28/1999 1:13:00 PM
From: I Am Sandman	Read Replies (1) \| Respond to of 1321

Here's the news release. International Wayside Gold Mines Ltd IWA Shares issued 11,697,978 Sep 27 close $0.14 Tue 28 Sept 99 News Release See Island Mountain Gold Mines Ltd (IGM) News Release Mr. J. Frank Callaghan reports The company is earning a 50-per-cent interest in the Island Mountain, Aurum, and the Mosquito Creek Gold mine properties from International Wayside Gold Mines Ltd. DDH IGM 99-01 through 99-05 were successful in delineating the main band limestone unit (assays pending) northwest of the West fault, which may be the up dip extension of the Mosquito fault. In each of the five drill holes, intercepts have varied between 70 feet and 120 feet of the main band limestone unit, which is the host rock for the high-grade replacement ore. The 4,400 level, the upper most level of the company's Mosquito Creek mine, from the portal to the fault is also on main band limestone unit, but is not seen in the workings beyond the fault. Future drilling targets to delineate replacement-type ore zones within the unit are currently being selected based on the information obtained in these holes. Historical mining of replacement ore in the camp has been greater than 0.68 of an ounce per ton gold. Rehabilitation of the 4,400 level has uncovered a 4.5-foot wide, pyrite-bearing, A-type quartz vein (strike vein) dipping at 80 degrees. The company's chip sampling and test hole results have returned values ranging from 0.134 of an ounce per ton gold across 4.4 feet to 0.751 of an ounce per ton gold across five feet. This vein, which has been named the CRB vein after Claude R. Blagdon, has a similar strike to that of the BC vein (also an A-type vein) being drilled on the neighbouring Cariboo gold quartz mine property by International Wayside Gold Mines Ltd. The drill hole DDH IGM 99-01 (assays pending), which intersected 9.9 feet of an A-type vein 350 feet east of the previous exploration indicates the possibility of a significant strike extension. Current drilling of hole DDH IGM 99-06 is testing the gap between the face and DDH IGM 99-01 prior to commencing an underground drifting program on the vein. Exploration for and delineation of replacement-type ore along with rehabilitation of the underground workings continue in conjunction with the vein exploration program. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com