Assay results were released by Tenajon Resources (VSE) from several holes previously reported to have intersected visible gold on the SB property, north of Stewart, B.C. The drilling was part of a recently completed 13-hole surface drill program totalling 6,880 ft. on the West Kansas zone. The zone does not yet have any tonnage assigned to it and is outside of current reserves totalling 308,000 tons grading 0.5 oz. (0.35 oz. cut) gold and 1.07 oz. silver per ton.
Westmin Resources (TSE) can earn a 50% interest in the SB project through exploration expenditures and by completing a feasibility study. The property is within trucking distance of a 2,200-ton-per-day mill at Westmin’s 50.1% owned Premier Gold project.
The 1990 surface drill program at SB was carried out south and along strike from the underground drill program which was focused on expanding reserves and exploring several new zones.
Tenajon said the exploration program on the property has been completed under budget and plans are under way to expand the surface drill program.
Assay results are as follows, with holes 17, 20 and 25 being three of the four holes containing visible gold; Intercept Length Gold Silver Hole (ft) (ft) oz/ton oz/ton 90-16 429.8-439.0 9.2 0.08 0.01 90-17 474.0-503.5 29.5 0.36 2.34 90-18 416.7-428.9 13.1 0.20 0.80 90-19 211.6-221.4 9.8 0.24 1.45 90-20 277.9-281.2 3.3 0.31 0.57 307.4-333.6 26.2 0.55 0.22 420.0-423.3 3.3 3.99* 2.47 90-25 264.4-280.9 16.5 0.30 0.71 301.2-307.8 6.6 10.24 7.45 *incomplete, adjoining assays to come
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