An underground exploration program is under way at the Seattle Mine/Flag Hill property at Republic, Wash. The program is being funded by Texas Star Resources (VSE) which can earn a 50% interest in the project from Sutton Resources (VSE) and Denver-based Crown Resource Corp. To earn that interest, Texas Star will have to spend $2 million(US).
Mining crews are beginning a 150-ft drift on a segment of the Seattle mine to undercut at least two vein structures. One structure in a higher drift assayed 0.52 oz gold over a 100-ft ore shoot with a 6-ft assay width. The second structure, intersected previously by drilling, assayed an average of 0.69 oz over 2.7 ft.
Surface drilling in two phases is expected to test at least five target areas on the 1,400-acre claim group. Further refinement of target areas through geochemistry and mapping will be run concurrently, the companies say.
The Seattle Mine/Flag Hill claims are adjacent to Hecla’s Knob Hill mine which produced more than 2.5 million oz gold. Present reserves are 515,000 tons grading 0.8 oz at the Knob Hill and further discoveries are indicated.
Sutton and Crown produced 3,630 oz gold from 5,300 tons of ore during 1983-84 from the Seattle mine. The upcoming program is expected to increase reserves.
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