The property, which has never been drilled, was partially developed by an inclined shaft which was sunk to a depth of 100 ft during the 1930s. Sampling on the first level returned an assay of 0.1 oz gold with marginal silver values from a 10-ft section. Another 5-ft sample from the same level assayed 0.19 oz gold and 0.17 oz silver.
On the second mine level and near the bottom of the shaft, a 17-ft sample assayed 0.07 oz gold and 0.25 oz silver. Gold values are concentrated along a northwesterly trending structure which strikes across the property, Oneida says. Visible gold has been identified along sections of the 2,000-ft long structure. The company feels the zone has the potential to develop into an open pit mining operation.
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