Three sub-parallel zones have been outlined to date including a blind zone which had not been detected on surface. According to Donald Graham, president, better grade values are found within an area 165 ft northeast of the previously sampled Merry Widow open pit walls and 85 to 165 ft below the open pit.
“It will be important to determine if copper mineralization noted in the Kingfisher adit 270 ft below these intersections is an extension of the zones,” he emphasized.
Hole 89-1 returned seven intercepts in total ranging from 0.11 oz over 3 ft to 4 ft of 2.6 oz. Results also included 17 ft averaging 0.24 oz, 10 ft grading 0.26, 7 ft averaging 0.2 oz, 4 ft grading 0.33 oz, and 3 ft of 0.73 oz.
Hole 89-2 returned five intercepts including 10 ft grading 0.24 oz (25% core recovery), 3 ft of 0.49 oz, 2 ft grading 0.19 oz, 3 ft averaging 0.12 oz, and 10 ft of 0.06 oz (25% core recovery). Another hole, 89-6, gave 44 ft of 0.26 oz and 20 ft averaging 0.17 oz. Hole 89-7 returned 46 ft grading 0.39 oz and hole 89-8 assayed 0.41 oz over 8 ft. All the holes are fairly shallow, the deepest being about 245 ft. Significant copper and cobalt values were reported in several of the holes.
The company will continue to test for extensions at depth and towards the back-filled Raven pit, an area reported to carry sulphides. Trenching is also planned.
Graham said that Taywin recently raised $320,000 at 55 cents per share on a private placement basis with “friends of the company” and this will be used for additional exploration. The property includes a developed open pit and a 1,600-ft adit in excellent condition 400 ft below the old pit.
Formerly known as the Quatsino properties, the ground was picked up by Taywin this spring following reports of attractive copper, gold and zinc values in 1988 by prospector Jim Laird.
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