A large gold- silver-copper mineralized system and several new gold showings were recently discovered by Avondale Resources (VSE) on its Forrest Kerr project north of Stewart, B.C. The discovery of the gold-silver- copper mineralized system was made during the initial 15-hole drill program on the property, while the gold showings were discovered from surface work coincident with the drilling.
Results were announced for several holes drilled on the Creek Showing, a zone reported to contain up to 10% chalcopyrite, pyrite and arsenopyrite. The zone has been traced by drilling over a strike length of 200 ft. Selected results include 88.6 ft. grading 0.052 oz. gold, 0.58 oz. silver per ton and 1.10% copper; 125.5 ft. of 0.051 oz. gold, 0.20 oz. silver and 0.36% copper; and 85.3 ft. grading 0.072 oz. gold, 0.23 oz. silver and 0.46% copper.
The company reports that work to date on the property is confirming the presence of three different styles of mineralization: large gold- silver-copper zones, high-grade gold showings and high-grade copper showings. A second phase program is expected to begin in August following the completion of trenching, mapping and geophysical surveying.
On a separate property, Avondale is collaring the portal site for the $2.5-million underground exploration program for the AK zone on the Inel gold project, some 18 miles west of Eskay Creek. Avondale is earning up to a 50% interest in the property from Gulf International Minerals (VSE).
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