Cathedral Gold trenches gold

Further trenching on the Kaburi-Eldorado project in Guyana has returned more high-grade gold values.

Cathedral Gold (TSE) is earning up to a 90% interest in the property which is 20 miles northwest of the Omai gold mine.

Trench 93-23, on the southeastern part of the Hicks zone, returned a 134-ft. section grading 0.10 oz. gold per ton. The trench is between the Blackwater pit, which returned a gold value of 0.15 oz. over 72 ft., and Trench 93-17, which encountered 72 ft. grading 0.15 oz.

Trench 93-22, about 220 ft. southeast of 93-17, returned 59 ft. grading 0.10 oz.

Two other trenches returned lesser values but did not cut across the entire width of the Hicks zone and are now being extended.

Results from Trenches 93-2 through 93-19 were announced previously and results from 93-24 through 93-30 are expected shortly.

Trenching will continue into the new year. President Michael Jones said a modest drilling program is planned for January to test the depth of the zone. Drilling on the Hicks zone by Cominco in the mid-1970s returned values grading up to 0.25 oz. over 36 ft. at a depth of about 200 ft. Jones said the company is discussing a large-scale financing which, if completed, would result in an expansion of the drilling budget.