Echo Bay Planning surface program

Of 32 holes drilled late last year, 13 intersected high grade gold over narrow vein widths, another nine holes located the structure but returned low grades, and 10 holes were either abandoned due to technical problems or did not intersect vein material. The best drill intersection returned a core length of 6.6 ft grading 0.54 oz gold from the Q17 vein.

Magna Ventures said results from underground work are “more consistent” than the surface drilling, noting that gold-silver mineralization in the west drift on the Q17 vein was sampled over a 380.6 ft length averaging 5.5 ft in width and grading 0.42 oz gold and 1.48 oz silver per ton.

The 1988 program included construction of a 40-man winterized camp, some 10,000 ft of drilling and underground development for 762 ft in two drifts. Echo Bay’s 1989 work program will be directed toward systematic surface prospecting, mapping, sampling, surveying and trenching of a number of other veins and anomalies on the 18,000- acre property. Contingent upon the success of the surface work, a second phase drill program will follow.

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