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Drill Results from 1987 to 1990 Gulf International then Murray Pezim Joined the board
Golden Triangle BC CHECK OUT THE PAST DRILL RESULTS from INEL CXO will be Drilling MEGA holes up there soon
Seabridge Just took out SGG SnipGold next door property and CXO has the Best Property up there today
Majors were on CXO property
1987-09-16 03:00 ET - News Release Mr R E Davis reports: Gulf International Minerals Ltd The company reports that exploration on the 100% owned McLymont claim group in the Skyline area of northwestern British Columbia is returning very encouraging results. A drilling contract has been let to Falcon Drilling Ltd of Prince George and is now in progress. To date, assays from one hole have been received which returned 9 feet of 1.28 gold and 4 feet of .28 gold. The location and footage on this hole as well as assays and footage on the other drilling will be released as soon as they are received. ________________________________________________________________ 1987-10-27 03:00 ET - News Release Mr R.E. Davis reports: The drilling program on the company's 100% owned McLymont claim group in the Skyline, Iskut River area of north west BC is still in progress. Assaying has been very slow due to the large amount of samples in the assay labs. We are running 6-10 holes behind. Recent results which have been returned are: hole No. 25, 13 feet of .820 oz gold/ton; hole No. 29, 6.6 feet of 7.72 oz gold/ton and 5 feet of 1.28 oz gold/ton. ________________________________________________________________ Five holes completed at McLymont claim group; VSE approves $1.1m private placement 1988-08-04 15:09 ET - News Release Mr R.E. Davis reports: Drilling of five holes has been completed on the Camp zone extension, McLymont claim group. Assays on one hole have returned. Hole 88-1, from 48 to 55 feet (7 feet) returned .749 oz/ton gold. Assays are pending on the additional four holes. ________________________________________________________________ Assay results from McLymont claim group, Iskut River 1988-10-04 17:17 ET - News Release Mr R.E. Davis reports: The latest drill results on the companies 100% owned McLymont claim group in the Iskut River area of NW British Columbia. Ag Au Hole From To Feet Cu% oz/t oz/t ---- ---- -- ---- --- ---- ---- 32 301.8-305.1 3.3 .01 .03 .186 312.3-315.6 3.3 .21 .14 1.420 378.0-381.2 3.2 1.28 .10 .207 381.2-384.5 3.3 .46 .07 .303 378.0-384.5 6.5 .87 .08 .255 33 388.8-390.4 1.6 .85 .27 1.060 450.8-454.7 3.9 2.31 1.58 .221 454.7-457.7 3.0 2.84 2.02 .238 450.8-457.7 6.9 2.54 1.77 .228 Assay results from the last holes drilled DDH-88-34 to 37 are yet to be reported. ---------------------------------------------------------------- Assay results from McLymont Creek, BC 1988-10-21 14:50 ET - News Release Mr R.E. Davis reports: Exploration on the 100% owned McLymont Creek claims in the Iskut River gold belt was successfully completed October 20 1988. Surface core drilling on the high grade Northwest zone which was completed September 25 1988, was followed by detailed geological mapping and geochemical soil sampling on other target areas. Drill core assay results have now been returned from the last holes. Assay results include the following: HOLE FROM TO INTERVAL CU% AG AU (FEET) (FEET) OZ/T OZ/T 24 218.8-222.8 4.0 .90 0.49 0.383 34 113.2-116.5 3.3 .11 0.04 0.105 164.7-167.3 2.6 .21 0.07 0.122 35 66.1- 77.1 10.5 .49 1.26 0.250 128.9-135.8 6.9 .58 1.80 3.551 192.9-196.2 3.3 .15 0.44 0.156 36 127.9-131.2 3.3 .13 4.92 0.018 457.0-469.5 12.5 .29 0.07 0.146 537.7-547.6 9.9 .08 0.02 0.133 Preliminary analysis of the drill results suggests the occurrence of a number of sub-parallel, steep northeasterly trending gold bearing mineral zones. Drilling has now partly outlined these zones over a length of about 1000 feet, a width of about 250 feet, to a depth of about 500 feet below the surface. Detailed analysis of this season's results is now in progress in order to schedule the 1989 exploration program. ---------------------------------------------------------------- Assay results from first 11 McLymont property holes 1989-08-15 20:22 ET - News Release Mr Gerald Carlson reports: The company has received the results of the first 11 diamond drill holes completed on the Northwest zone of the McLymont property, Iskut River area, northwestern BC. HOLE FROM TO LENGTH CU% AG AU (FT) (FT) OZ/T OZ/T 1 255.1-262.0 6.9 2.32 0.86 1.50 2 99.6-100.5 0.9 0.26 10.48 3.42 223.4-225.9 2.5 3.75 0.81 1.94 3 304.0-314.0 10.0 0.30 0.13 0.44 5 42.0- 47.8 5.8 0.24 0.41 0.72 6 89.5- 97.0 7.5 0.48 0.17 0.42 9 64.5-146.5 82.0 0.30 0.41 0.12 incl 84.3-106.5 22.2 0.73 0.04 0.23 and 121.9-134.0 12.2 0.34 1.42 0.16 11 129.0-136.0 7.0 0.68 0.30 0.25 217.9-239.0 21.1 0.47 1.74 0.77 Drilling of the shallow dipping zone is proceeding on 60 to 80 ft centres. The originally planned 10,000 ft program has been increased to 13,500 ft. The extra footage will in part test a number of newly defined conductors which represent possible extensions of the zone. ---------------------------------------------------------------- Assay results from Northwest zone, McLymont Creek property, BC 1989-08-29 19:28 ET - News Release Mr Gerald Carlson reports: The company has received assay results from the 1989 core drilling program from the Northwest mineral zone on the 100% owned McLymont Creek property, Iskut River gold belt, northwestern BC. Phase I of the 1989 drilling and surface exploration program was designed to test this new discovery to greater depths and to locate new gold bearing mineralization. Interpretation of this detailed drilling has now shown the mineralization to consist of several closely spaced, gentle to steeply dipping zones with a minimum strike length of 900 feet, extending from surface to depths of 600 feet. The zones are semi-conformable with bedding and appear to coalesce along a central, northeast trending structure. This central axis has produced the wider intersections, such as 149.3 feet grading 0.207 oz/ton Au (including 15.1 feet of 0.81 oz/ton Au and 16.1 feet of 0.645 oz/ton Au) in hole 88-28 at -87 degrees. The zones are open along strike and at depth. Significant results from holes 1 to 24 are as follows: HOLE FROM TO LENGTH CU AG AU (FEET) (FEET) % OZ/T OZ/T 1 255.1-252.0 6.9 2.32 0.86 1.50 2 99.6-100.5 0.9 0.26 10.48 3.42 223.4-225.9 2.5 3.75 0.81 1.94 3 304.0-314.0 10.0 0.30 0.13 0.44 5 42.0- 47.8 5.8 0.24 0.41 0.72 6 89.5- 97.0 7.5 0.48 0.17 0.42 9 64.5-146.5 82.0 0.30 0.41 0.12 Incl 84.3-106.5 22.2 0.73 0.04 0.23 11 129.0-136.0 7.0 0.68 0.30 0.25 217.9-239.0 21.1 0.47 1.74 0.77 16 210.5-222.0 11.5 0.98 0.54 0.349 17 124.0-126.8 2.8 0.05 0.33 0.700 147.0-157.0 10.0 0.27 0.08 0.290 18 87.5- 96.4 8.9 0.42 0.76 0.470 19 219.0-223.0 4.0 0.96 2.11 0.954 20 126.0-128.7 2.7 2.12 0.52 0.785 21 26.3- 27.8 1.5 0.01 0.07 0.257 22 16.0- 25.0 9.0 0.32 0.32 0.549 204.3-208.1 3.8 0.48 0.36 0.225 23 39.0- 46.3 7.3 0.45 0.36 0.247 53.1- 59.0 5.9 0.49 0.37 0.309 72.1- 90.0 17.9 0.20 0.28 0.401 24 59.3- 73.6 4.3 0.62 0.32 0.230 195.0-196.0 1.0 1.27 0.31 0.427 Results on holes 89-25 to 89-38 are pending. In addition to the main zone several strong nearby geophysical anomalies have been outlined and await detailed drilling. Surface mapping has also disclosed new vein and disseminated porphyry-like mineralization in the same area which also remains to be tested. In light of these encouraging results, the phase II program, budgeted at a minimum of $400,000, will be underway shortly. This phase will provide additional drilling on the main Northwest zone as well as comprehensive drill tests of other targets in the immediate vicinity. Construction of an airstrip on the property is being considered to improve accessibility. The company's intention is to follow with a phase III program of underground exploration which would carry on through the winter. 1989-08-31 16:51 GIM Gulf International Minerals Ltd 2.60 News-------------------------------------------------------------- Release Murray Pezim joins board; 2.5m SMF offering proposed ---------------------------------------------------------------- Drilling results from McLymont Creek 1989-09-12 17:09 ET - News Release Mr Gerald Carlson reports The 1989 phase II program at McLymont Creek, northwestern BC is now underway. The program will consist of a minimum of 10,000 ft of surface diamond drilling. This drilling will focus on expanding the reserve potential of the Northwest zone and testing a number of adjacent geophysical targets. The company's consultant has submitted a report recommending a $2 million underground examination of the Northwest zone. Preliminary preparations for this program are now underway. Significant new results from phase I drill holes 89-25 to 89-36 are as follows: HOLE FROM TO LENGTH CU% AG AU (FEET) (FEET) OZ/T OZ/T 25 28.8-120.6 91.8 0.48 1.23 0.102 223.3-240.0 16.7 0.37 0.86 0.486 26 53.0- 71.1 18.1 0.34 0.91 0.198 Incl 4.3 0.37 0.90 0.584 28 87.9- 93.8 5.9 0.33 0.21 0.422 174.8-177.7 2.9 3.60 0.18 0.447 29 25.9- 61.0 35.1 0.23 0.44 0.267 Incl 6.3 0.45 1.09 0.970 Results to date indicate the potential for the definition of a number of discrete oreshoots. The proposed underground program will be designed to examine in detail their continuity, grade, width and mineability. ---------------------------------------------------------------- 1990-07-04 18:49 GIM Gulf International Minerals Ltd 1.23 News Release Avondale to earn 50% interest in Gulf's Inel property Murray Pezim Company ---------------------------------------------------------------- 1990-07-18 13:54 GIM Gulf International Minerals Ltd 1.60 News Release Mineralization intersected in two McLymont holes 1990-07-18 13:35 GIM Gulf International Minerals Ltd 1.60 Street Wire Intersections with visible gold rumoured ---------------------------------------------------------------- McLymont Creek assays 1990-07-23 11:13 ET - News Release Mr R.E. Davis reports The company announces the first surface diamond drill assays on its 100% owned McLymont Creek property in the Iskut gold camp. The main mineralized section for DDH 90-1 assayed as follows: FROM TO LENGTH GOLD oz/t 195.0 252.0 57.0 0.346 including: 195.0 218.0 23.0 0.638 207.5 218.0 10.5 1.131 Additional mineralization includes 4 feet from 287.0 to 291.0 at 0.469 oz/ton gold. The main mineralization for DDH 90-2 assayed as follows: FROM TO LENGTH GOLD oz/t 164.5 167.0 2.5 1.167 192.5 196.5 4.0 0.770 252.0 268.0 16.0 0.638 260.0 268.0 8.0 1.030 Further sampling on the mineralized zone of both drill holes is being carried out and will be reported when assays are available. Drilling is continuing. ---------------------------------------------------------------- More drilling results from Inel property 1990-08-08 16:01 ET - News Release Mr R.G. Gifford reports The company has received additional results from its 100% owned Inel property. Both properties are located in the Iskut gold camp, northwestern BC. At the McLymont property, holes No. 3 through 8 explored a fault offset to the south of the main zone. Hole No. 5 of this series was successful and includes 3 feet from 289 to 292 at 0.940 oz/ton Au. The remaining holes confirmed the presence of the offset zone. Drilling has resumed testing on the main mineralized zone in an area to the north. At the Inel property road access to the adit site has been completed. The adit to explore the AK zone has been collared and underground mining is now under way. Work in this program will include at least 1700 ft of drifting and 10,000 feet underground drilling. ---------------------------------------------------------------- Work progressing on McLymont project 1990-08-23 20:01 ET - News Release Also News Release (C-AVD) Avondale Resources Inc Avondale Resources Inc (AVD) Dr Gerald Carlson reports Work is progressing well on the company's McLymont project in the Iskut gold camp, northwestern, BC. Nineteen drill holes for a total of 8550 ft have been completed on this 100% Gulf owned property. All have hit the targeted mineralized structures. This is part of a 12,000 ft phase I program which has two objectives. The first, involving infill drilling on the Northwest zone, was designed to test new deposit modelling and to better define the limits of mineralization. This program, which has been focused in the central part of the deposit, has been successful in confirming new geological concepts, namely that the richer grades and thicker widths occur as replacement lenses within an elongate shear zone. This zone has been defined over 1000 ft and is open to the north and at depth. Within this shear, two main lenses, an upper gold-rich zone and a lower gold-copper horizon have been defined, as well as several subsidiary lenses. Several of this year's drill holes have encountered visible gold. The significant assays from results received to date include: HOLE FOOTAGE WIDTH(FT) OZ/TON AU 90-1* 195.0-252.0 57.0 0.35 Inc 195.0-218.0 23.0 0.64 and 207.0-219.0 10.5 1.13 287.0-291.0 4.0 0.47 90-2* 164.5-167.0 2.5 1.17 192.5-196.5 4.0 0.77 252.0-268.0 16.0 0.64 Inc 260.0-268.0 8.0 1.03 90-5 289.0-304.0 15.0 0.24 Inc 289.0-292.0 3.0 0.94 90-6 319.5-326.3 6.8 0.14 90-7 309.0-314.0 5.0 0.24 90-9 182.0-196.0 14.0 0.12 307.0-312.0 5.0 0.21 90-10* 213.0-217.0 4.0 0.17 229.0-233.0 4.0 0.11 90-12 41.0- 48.5 7.5 0.19 195.0-199.5 4.5 0.11 90-13 222.9-227.0 4.1 0.14 90-14 57.0- 58.8 1.8 0.66 90-15 508.4-515.7 7.3 0.12 90-16* 255.0-277.5 22.5 0.25 Inc 273.0-277.5 4.5 0.51 309.0-311.7 2.7 0.38 323.0-325.3 2.3 0.29 343.4-346.5 3.1 0.45 368.5-370.5 2.0 0.25 * Visible gold Trenching has exposed the main mineralized zone at the southern end of the property. Preliminary sample results include 0.27 oz/ton Au over 6.2 ft, 0.77 oz/ton Au over 6.2 ft (these two samples are contiguous for an average of 0.52 oz/ton Au over 12.4 ft), and 1.10 oz/ton Au from a grab sample. Additional drill testing is planned for this portion of the deposit, in the vicinity of hole 88-35 which intersected 6.9 ft grading 3.55 oz/ton Au. The trench information and adjacent drilling suggests that the southern portion of the deposit would be amenable to open pit mining. The second objective of the program is to drill test new targets. These, in order of priority are: Northwest zone, north extension - the deposit is open to the north and the northernmost drill holes, some with visible gold, suggest a high grade lens is being approached. Down-dip extensions - targets will be tested beneath the existing deposit and within the adjacent McLymont fault. Geophysical targets - magnetometer and EM profiles have designed targets in a geological environment very similar to the Northwest zone in the central part of the property. ---------------------------------------------------------------- Initial Inel assays received 1990-08-27 18:00 ET - News Release Also News Release (C-AVD) Avondale Resources Inc Avondale Resources Inc (VD) Mr G.G. Carlson reports The company announces initial assay results from underground workings on the Inel property. Sampling just inside the portal encountered on a mineralized zone which is believed to be a strike extension of the 98 zone, discovered in 1989 with a drill intercept of 1.6 feet grading 94.279 oz/ton gold. Panel sample assay results from the Portal zone include: FROM TO WIDTH GOLD SILVER ZINC ft ft ft oz/t oz/t % Right rib 9.8 19.7 9.9 0.34 0.06 0.88 including: 3.3 0.94 0.06 0.90 Left rib 9.8 23.0 12.2 0.07 0.54 1.73 including: 3.3 0.23 0.45 0.41 A summary of 98 zone diamond drill highlights from 1989 includes: HOLE WIDTH GOLD ft oz/t 119 15.1 0.48 130 1.6 94.28 162 6.9 0.32 163 4.9 0.56 Meanwhile, the drift continues towards the target AK zone ahead of schedule, with close to 300 feet of underground development completed. Underground drilling is scheduled to commence on September 5 1990. Some of the better intercepts from 1989 AK zone drilling include: HOLE WIDTH GOLD ft oz/t 116 24.0 0.63 148 13.0 1.51 149 20.0 0.42 A total of 1,500 feet of undergound drifting to provide stations for 12,000 feet of diamond drilling is planned. The deposit is open along strike and at depth. Avondale Resources is funding this program in the first year of their option, whereby they can earn a 50% interest in the Inel property by spending $10 million in exploration and paying $150,000 in cash and 500,000 shares over four years. ---------------------------------------------------------------- Gulf and Avondale report underground Inel results 1990-10-22 12:00 ET - News Release Mr Reg Davis reports Gulf International announces the assay results from its underground drilling program on the Inel property in the Iskut gold camp, north-western BC. A total of 17 holes have been drilled to date and have been directed to delineating a gold-enriched intrusive breccia. Tracing better values for the full width of the breccia along strike to the south-east U-171 obtained 1.197 oz/t gold across 24.3 feet, U-174 at 110 feet along strike gave 0.115 oz/t gold across 49.4 feet, and U-185 a further 90 feet along strike gave 0.379 oz/t gold across 42.4 feet. Within U-185, values of 1.964 oz/t gold across 4.0 feet and 1.025 oz/t gold across 4.0 feet were obtained. New results of particular interest are: HOLE FROM - TO WIDTH GOLD ft ft oz/ton U-175 214.0-234.0 20.0 0.117 282.0-294.0 12.0 0.099 U-178 66.0- 71.0 5.0 0.108 U-180 186.0-241.0 55.0 0.077 incl: 202.0-222.0 20.0 0.113 U-182 80.0- 91.0 11.0 0.413 U-185 264.0-294.1 30.1 0.531 incl: 264.0-276.0 12.0 0.812 and 288.0-294.1 6.1 0.961 404.5-422.0 17.5 0.279 incl: 417.0-422.0 5.0 0.763 The drilling program continues to explore the strike extent of the target breccia to the south-east and further assay results are pending. Underground development on the AK zone has been completed for the season with the completion of 650 feet of drifting to the south; this brings development work to a total of 1,230 feet for 1990. Avondale Resources is funding this program in the first year of their option, whereby they can earn a 50% interest in the Inel property by spending $10 million in exploration and paying $150,000 in cash and 500,000 shares over four years. ---------------------------------------------------------------- After this the property went dead but Murray Pezim did try and scoop it from Gulf in Feb 1991 ---------------------------------------------------------------- 1991-02-28 09:22 GIM Gulf International Minerals Ltd 0.53 News Release Negotiations with Prime for Iskut River projects ---------------------------------------------------------------- CXO - Colorado Resources Ltd. - Company Website http://coloradoresources.com/ CXO is the largest land holder in the Golden Triangle in BC
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