X-Cal begins reserve calculations for Snowbird

The company said its recent calculation was taken from nine widely spaced sections “which exhibit good continuity over a 500-ft length and 300 ft of vertical depth beginning at surface.’

Selected results from the winter drill program include: 5.84 ft of 0.351 oz gold; 10.07 ft of 0.264 oz; 7.54 ft of 0.189 oz; 9.49 ft of 0.204 oz and 15.06 ft of 0.136 oz gold per ton. In 1988, the company reported a 20-ft intersection grading 0.319 from the North zone.

Shawn Kennedy, president, said recent work is also indicating that a significant reserve block may be present in the adjacent Snowbird zone. Kennedy describes the Snowbird and North zones as mineralized lenses found on strike along a 4,000-ft long host structure.

The company is planning further work on the Snowbird zone, and on the newly- discovered East zone some distance away. Because portions of the East Zone outcrop on surface, the company is planning to surface trench the zone this season.

The next phase of work on the North zone is expected to include additional definition drilling, possibly leading to underground work and a bulk sampling program before year-end.

The company will spend about $200,000 of its next $0.5 million program on surface work on the two other zones and on other prospective areas, to further define the limits of the mineralizing system. The property is readily accessible from nearby Fort St. James.

The company said its objective is to better understand the widespread gold mineralization at its 100%-owned Snowbird property which so far has been found to occur in sulphide-rich quartz veins, silicified argillites and most recently, felsic dykes. Mineralization in the Fort St. James area is believed to be related to the Pinchi Fault.

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