Drilling continues at Ketza River (September 04, 1995)

Drilling at YGC Resources’ (VSE) Ketza River gold project in the Yukon continues to assess the newly discovered Fork deposit.

The tabular-shaped body is being systematically drilled off in an effort to outline a reserve base.

Of the 12 holes that tested the extensions of the deposit, six intersected the following: 9.5 ft. of 0.19 oz. gold per ton for hole 513; 29.5 ft. of 0.24 oz. for 515; 10.5 ft. of 0.28 oz. for 516; 8.2 ft. of 0.19 oz. for 517; 33.4 ft. of 0.27 oz. for 526; and 14.9 ft. of 0.43 oz. for 527.

The drilling is being managed by Wheaton River Minerals (TSE), which owns 56% of the outstanding shares of YGC.

A reinterpretation of the local geology revealed that the mineralization is stratigraphically controlled, and this, in turn, led to the discovery of the Fork zone between two mined-out orebodies.

YGC reports that at least three separate gold-bearing strata have been identified, and re-logging continues to re-evaluate targets.

Meanwhile, on the nearby Grew Creek property, where oxide reserves stand at 266,000 tons grading 0.39 oz., several zones are being drill-tested.

Assay results are pending.