According to Brican, initial widely-spaced reverse circulation drilling on the Cottonwood prospect last fall confirmed the presence of gold mineralization over a large area. The prospect is on part of a 12.5-sq-mi land package held under option by the partners.
Exploration drilling includes a program of fence-drilling of vertical holes spaced 100 ft apart to further define the geology, attitude, shape and size of the known gold zones. Work is already in progress in the area of a high grade surface showing on the Discovery zone, one of more than 20 gold prospects encountered to date on the North Peak project.
Of the first 17 holes drilled on the Cottonwood discovery, 11 intersected gold mineralization with 21 intervals grading more than 0.025 oz gold over at least 5 ft. One of the better intersections graded 0.276 oz gold over 15 ft, including 5 ft of 0.542 oz gold per ton.
In British Columbia, Brican is drill testing a potential bulk tonnage, open pit alkali-porphyry deposit with values in copper and precious metals. Two recent holes from drilling on the Man property near Princeton returned 689 ft of 0.29% copper and 0.008 oz gold from the base of overburden to the end of the hole, and 265 ft of 0.18% copper and 0.011 oz gold from 148 ft to 413 ft. The company holds an option to acquire 100% of the Man property.
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