Kenrich drills Corey gold property

Drilling on the Corey property in the Eskay Creek area of northwestern British Columbia is returning gold values for Kenrich Mining (VSE).

Drilling has concentrated on the T.V. zone, a highly altered rhyolite with an overlying sulphide-bearing black mudstone and breccia. Holes 2, 3, 4, 14 and 15 tested the zone from line 4+00S over an 800-ft. wide section to a depth of 400 ft.

One of the best results came from hole 15, which intersected 113 ft. grading 0.053 oz. gold and 0.94 oz. silver per ton, including a 3.3-ft. section grading 0.84 oz. gold and 2.06 oz. silver.

Ken Trociuk, chairman of Kenrich, believes the T.V. zone has excellent potential as a low-grade, bulk-tonnage target.

Holes 16 through 22, which tested the zone over a 350-ft. strike length both north and south of line 4+00S, will give the company a better picture of that potential.

In addition to the project’s bulk-tonnage possibilities, Kenrich President Jerry Blackwell is interested in the potential for the discovery of an “Eskay Creek style”, stratabound massive sulphide deposit.

The high-grade interval in hole 15, within a black mudstone, underlines that potential, Blackwell points out.

Poor weather conditions have prompted Kenrich to move into the valley north of line 4+00S to test the T.V. zone on strike at a lower elevation.

Drilling in the valley will include six to twelve holes. Following completion of this program, Kenrich will have about $1 million in working capital and 19.2 million shares outstanding.

Trociuk expects to spend about $3 million on the property next year, including a major drilling program of up to 50 holes.

Assay results from holes 16 through 22 are pending. Significant results from this year’s drilling are as follows:

HoleIntervalWidthGoldSilver

(ft.)(ft.)(oz./ton)(oz./ton)

95-2495.1-499.54.4-48.21

95-318.0-70.552.50.0531.53

95-441.6-86.544.90.071.52

incl.73.4-76.73.30.394.97

95-14178.0-185.07.00.061.07

and281.5-284.83.30.161.51

95-15131.6-244.6113.00.0530.94

incl.200.0-203.43.30.842.06

and309.3-335.926.60.0275.04