Drilling has confirmed the presence of gold in several shallow deposits at Better Resources’ Mt. Washington project just west of Comox on Vancouver Island. Two drill rigs are now operating on the property and another 10,000 ft of drilling is planned before the program winds down.
The company has a working capital of $750,000 which is sufficient to finance all or part of next year’s program, the scope of which will be dependent on 1986 results.
Most of the drilling to date has been done in the Lake View area but the Murex breccia zone is now being tested and initial results suggest strong open pit potential. Results from the Lakeview included: 4 ft grading 0.46 oz gold, 7 ft of 0.37 oz, 5.2 ft averaging 0.28 oz, 5 ft grading 0.28 oz and 6 ft. grading 0.2 oz, to name a few. All these results represent true widths.
Strong gold values have also been encountered in the Domineer zone some two miles away. Current drilling is 1,200 ft east of two holes that returned 9 ft. of 0.19 oz gold and 11 ft of 0.29 oz. The company believes this large breccia is the source of the mineralization in both the Domineer and Lakeview areas. Widths in the Domineer zone have ranged from 4-17 ft and only 550 ft of strike length has been tested.
The discovery is somewhat of a hybrid by B.C standards in that the mineralization appears to be associated with a tertiary caldera. There are at least nine ‘explosive breccia pipes,” according to Mr Baxter, three of which are known to be auriferous. The gold is generally associated with sulphides, several varieties of which occur on the property.
The drill program on the Murex is following up on one hole that returned 52.3 ft of 0.178 oz plus 8.9 ft of 0.08 and 10 ft of 0.11 oz. This represents a good bulk tonnage open pit target, whereas the others exhibit primarily underground potential.
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