Gold assays prove marginal at Geddes’ Windy Craggy bet

If the Windy Craggy deposit operated by Geddes Resources (TSE) contains a sizeable gold deposit, judging by the first results from northwestern B.C., the Toronto-based company has yet to find it.

After driving in a 7,200 ft adit into the gold-copper-cobalt deposit, Geddes is attempting to test an area where a 77.7-ft intersection grading 0.52 oz gold per ton was encountered back in 1983.

Confident that a deposit with an estimated 300 million potential tons grading 1.5% copper and 2 lb per ton cobalt includes large amounts of gold, Northgate Exploration (TSE) of Toronto recently spent $5 million in exchange for a 15% equity stake in Geddes.

But the first four holes of a 35,000-ft drilling program, focusing on a gold-enriched zone intersected by a surface drill hole in 1983, contained marginal gold values ranging from 0.006 oz to 0.079 oz.

While Geddes is planning to complete 72,182 ft of drilling this year, results from Station No 1 are shown in the accompanying table. Hole Length Copper (%) Silver (oz) Gold (oz) 88-26 28 m 1.99 0.009 oz 0.009 oz 10 m 0.34 0.053 oz 0.026 oz 154 m 2.91 0.137 oz 0.012 oz 16 m 4.11 0.082 oz 0.006 oz 18 m 4.07 0.251 oz 0.015 oz 88-25 34 m 0.30 0.038 oz 0.026 oz 32 m 2.23 0.260 oz 0.026 oz 14 m 0.47 0.347 oz 0.044 oz 6 m 0.72 0.558 oz 0.076 oz 88-24 42 m 0.15 0.050 oz 0.000 oz 12 m 0.40 0.336 oz 0.026 oz 32 m 0.45 0.164 oz 0.020 oz

The stage 1 program (encompassing 3,600 ft of drilling) is being conducted from drill stations cut along a 1,610-ft drift cut parallel to the strike of the mineralization from the 5,249-ft point of the access adit.

It is designed to examine a 1,610- ft section of the deposit’s one-mile strike length.

Exploratory holes are being drilled upward into the mineralization at angles from 35 to 60 degrees. According to Geddes, two such “fans” of three holes have been completed from drill stations Nos 1 and 2.

The third hole on the fan of holes from station No 3 is still in progress.