Antelope/Bryndon Rossland properties

A total of about 100,000 tons grading an average of 0.42 oz gold has been outlined to date from the three zones, all of which remain open for extension along strike and to depth. Encouraged by results to date, the companies intend to continue exploration on the Rossland project through a further $1-million drill program budgeted for the first half of 1989.

The partners are exploring a 125-claim land package acquired for its proximity and geological similarity to the famous Le Roi mine in Rossland which produced over three million oz of gold and three million oz of silver. The claims now cover over 2,000 acres and were assembled piece-meal over a number of years, largely through the initiative of Bryndon’s Chairman (and veteran mine-finder), Bernard Brynelsen. Two of the zones are located in the North Belt, about one mile northeast of Cominco’s Le Roi mine, and are accessible by existing underground workings. The North Belt West is given a mineral inventory of 18,589 tons grading 0.47 oz gold as defined by surface drilling, while the mineral inventory for the North Belt East zone is 51,810 tons grading 0.23 oz gold, based on underground drilling completed by previous owners.

Mineralization in the South Belt was estimated from surface drilling to be 38,176 tons grading 0.57 oz gold, although project operator Antelope Resources said construction of a spiral ramp or shaft would be required for proving ore in this area. The company also noted that considerable additional drilling in the South Belt will be necessary before an underground program is undertaken.

According to Frank Fowler, project manager, the two North Belt zones and the South Belt zone are found along the northern and southern contacts of a monzanite intrusion measuring about a mile wide.

The partners also released assays from three more holes drilled on the North Belt where near surface, high grade mineralization was encountered last fall (eg. 16.7 ft of 0.56 oz gold and 14.5 ft of 1.04 oz). The latest results are 12.8 ft of 0.30 oz gold, 15.9 ft of 0.29 oz and 16.4 ft of 0.25 oz, with assays expected soon from a further nine holes. According to Bryndon Ventures, visual inspection of these un- assayed drill cores “show good mineralization in all holes across extremely wide widths.”

Fowler said the zones appear to be typical of the veins and smaller ore zones found in old mining district. Ore from the Le Roi was mined from a series of either parallel or intersecting shear zones (like inverted cones offset somewhat by faults) that typically increased significantly in both grade and width at depth.

“For right now, we’re not testing anything deeper than 500 ft as we want to find the lateral extent of these zones before we chase them down to greater depth,” Fowler said, adding that an underground program may be undertaken later in the year.

The partners also announced that preliminary metallurgical results by Lakefield Laboratories indicated a gold recovery rate in excess of 95%.

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