Athabaska tests new zones at Ladner Creek mine property

Underground drilling at the Ladner Creek project, northeast of Hope, B.C., is returning gold values for Athabaska Gold Resources (TSE).

The company is outlining sufficient reserves to reopen the existing 1,500-ton-per-day Ladner Creek mill, which was operated by Carolin Mines for a short time in the early 1980s.

The drilling, which is being conducted from the 875 level, is following up a previously released intersection grading 0.33 oz. gold per ton over 29.5 ft. in hole 63.

Hole 61, drilled 165 ft. north of 63, returned a 10-ft. interval grading 0.37 oz. gold within a wider, 23.5-ft. intersection grading 0.18 oz. gold. Two other holes, 59 and 62, where drilled to test the zone 100 ft. downdip from intersections in holes 63 and 61, respectively.

Both downdip holes returned wide intervals of visually encouraging alteration, but Athabaska reports that gold content was uneconomic.

The new gold zone is 550-600 ft. below the 875 level drift, and Athabaska may extend an existing decline before conducting further definition drilling.

Athabaska acquired an option on the Ladner Creek property last year and hopes to prove up a threshold resource of 200,000 recoverable oz. gold in order to start production.

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