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Gold/Mining/Energy : byg -- Ignore unavailable to you. Want to Upgrade?

To: Gramps who wrote (743)	11/16/1998 11:11:00 AM
From: Al Cern	Read Replies (1) \| Respond to of 769

B.Y.G. Natural Resources Inc. announced positive results in their endeavors to increase reserves at both the Flex zone and the Brown McDade pit. FLEX ZONE A further sixteen diamond drill holes have been completed (1,092 metres) on the Flex zone at Mt. Nansen. Assay results have been received for all holes. The assaying was carried out by Little Salmon Analytical based in Carmacks, Yukon Territory. The drilling program was designed to explore the extension of the vein system exposed during the overburden-stripping program carried out in 1997. The vein system has been intersected 75 metres north and 100 metres south of the previous drilling. The veins occur over a 55 metre wide zone and have been intersected along a horizontal distance of 425 metres on a north-northwesterly trend. The summary of assay results is attached. High-grade gold-silver rich quartz-sulfide veins were intersected throughout the holes from 0+50N to 5+25N. The veins are commonly enveloped with clay alteration zones that contain lower grade gold-silver values. A preliminary, shallow open pit design encloses a calculated mineable resource of 81,700 tonnes grading 7.37g/tonne gold and 312.5 g/tonne silver, between sections 1+50N and 5+00N. Ore intersections south of the proposed pit require further drill definition before inclusion in the pit design. Several areas within the pit design also require further drilling, specifically to follow new veins discovered during the stripping program and confirmed in the latest drilling campaign. Drill hole 98-231 intersected one such new vein grading 7.68 g/tonne gold and 107.6 g/tonne silver across 6.1 metres. The interval includes three high grade gold-silver veins within a clay altered breccia zone not previously intersected by drilling. BROWN-McDADE DEPOSIT Mining of the Brown-McDade deposit has encountered carbonate-hosted gold-silver ore in a silicified breccia pipe. High-grade gold-silver values (13 - 28 g/t gold and 27 to 90 g/t silver) are focused in a moderately, southeast plunging lenticular deposit enveloped by low-grade, silicified carbonate rocks. The ore grade breccia pipe is elongate in plan with approximate dimensions of 25 metres by 30 metres and appears to continue down plunge to the southwest. Carbonate rocks had not previously been recognized at the Brown-McDade deposit. The newly recognized carbonate-hosted mineralization cross cuts the trend of the veins. The main zone vein mineralization trends northwesterly along the contact between metamorphic basement rocks and a later weakly metamorphosed intrusive stock. The carbonate unit exposed at the north end of the pit is underlain by metamorphosed clastic sedimentary rocks which also hosts high-grade stockwork mineralization. Both of these units are part of the basement metamorphic complex. This new down plunge extension will significantly affect the economics of the proposed underground development. DRILL RESULTS DDH No. SECTION ELEV FROM TO WIDTH Au Ag Au Eq. (m) (m) (m) (m) (g/t) (g/t)(g/t) COMMENTS VEIN 98-223 6+25 N 1387 45.17 47.70 2.53 0.63 12.4 0.88 az - QZSV bx HW 1377 58.00 58.65 0.65 1.30 37.7 2.05 QZSV Main 1352 90.50100.00 9.50 0.41 9.2 0.60 az - QZSV bx FW 98-224 6+75 N 1352 93.50 98.15 4.65 0.25 1.8 0.28 az - QZSV bx FW 98-226 4+00 N 1358 24.70 25.70 1.00 1.13 7.3 1.28clay - QPBXMain 98-227 4+25 N 1376 8.50 18.00 9.50 3.27 17.5 3.62 clay HW 10.00 11.05 1.05 20.78 83.9 22.46 QZSV 1371 22.85 23.60 0.75 2.19 12.1 2.43 clay - QPBX Main 98-228 4+75 N 1383 23.60 24.30 0.70 3.60 33.9 4.28 QZSV HW 1372 37.10 38.40 1.30 0.69 33.6 1.36 white clay Main 1355 59.50 63.10 3.60 0.85 25.7 1.36 clay - bx FW 98-229 5+25 N 1378 49.90 58.30 8.40 0.78 19.8 1.18 clay - bx - QZSV strgr HW 1364 72.75 74.75 2.00 1.62 25.3 2.12 clay -QZSV Main 72.75 73.25 0.50 4.29 46.4 5.22 QZSV 1350 90.00 92.95 2.95 2.01 21.0 2.43 clay - QZSV strgr FW 90.00 90.50 0.50 9.12 89.0 10.90 QZSV 98-230 1+50 N 1310 33.50 38.20 4.70 1.20 45.7 2.11 clay - QZSV strgr Main 98-231 1+75 N 1327 9.75 20.25 10.50 4.97 76.1 6.49 clay - bx - QZSV Main 1325 14.15 20.25 6.10 7.68 107.6 9.83 14.65 15.00 0.35 31.89 443.4 40.7 6QZSV bx 17.70 18.35 0.65 25.03 302.7 31.08 clay QZSV 18.85 19.25 0.40 21.81 436.2 30.53 QZSV 1298 51.50 52.50 1.00 12.79 874.4 30.28 clay - bx FW 98-232 2+12.5 N 1326 17.60 24.70 7.10 0.92 30.1 1.52 clay seam Main 98-233 2+62.5 N -----no significant assays clay - rare qpbx FW 98-234 2+62.5 N 1310 49.70 57.90 8.20 2.96 12.9 3.21 az - QZSV bx Main 1313 49.70 50.15 0.45 9.88 43.5 10.75 QZSV 1309 54.20 57.90 3.70 3.71 15.6 4.02 QZSV - qz bx 54.20 55.10 0.90 6.72 38.3 7.49 QZSV - qz bx 98-235 3+00 N 1330 31.80 39.85 8.05 2.61 33.7 3.29 clay - QZSV bx FW 1329 33.00 36.50 3.50 4.16 69.7 5.55 clay - QZSV bx 33.00 34.00 1.00 9.33 4.7 9.42 QZSV 98-236 3+25 N 1345 20.00 22.86 2.86 0.98 2.9 1.04 clay zone QZSV HW 1338 30.00 31.00 1.00 1.78 4.6 1.87 clay - grey qz 1330.5 40.00 40.50 0.50 1.03 3.3 1.10 QZSV strgrs - clay Main 1326 45.50 47.75 2.25 0.88 6.0 1.00 grey qz strgr 98-237 3+50 N 1361 8.83 10.35 1.52 0.72 9.0 0.90 clay -grey qz strgr FW 98-238 1+00 N1312.5 26.00 27.00 1.00 2.10 169.8 5.50 Fault zone 1293 51.30 52.50 1.20 2.40 120.8 4.82 QZSV strgrs - clay 1288 57.20 59.50 1.10 1.10 7.4 1.25 clay bx zone 98-2390+50 N131119.80 20.60 0.80 8.00 401.9 16.04 19.80 20.10 0.30 17.281019.1 37.66 QZSV HW 1296 37.30 40.60 3.30 3.39 15.6 3.71 clay - QZSV 1295 39.60 40.60 1.00 8.61 40.2 9.41 QZSV Main 1290 45.50 49.80 4.30 3.01 136.1 5.74 Fault zone 47.00 48.00 1.00 9.40 541.1 20.22 QZSV bx FW az is alt'n zone FOR MORE INFORMATION PLEASE CONTACT: Graham Dickson, President, B.Y.G. Natural Resources Inc. (867) 863 5913