Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: zoli bognar who wrote (324)	11/30/1998 5:15:00 PM
From: Little Joe	Read Replies (1) \| Respond to of 1321

Once Again We have Positive News.The news can be accessed directly from the vancouver Stock exchange. 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