Brewery Creek winding down its 1992 exploration program

The 1992 exploration program is winding down at the Brewery Creek gold project near Dawson, Yukon, a joint venture held 51% by Hemlo Gold Mines (TSE) and 49% by Loki Gold (VSE).

At last report, 15 reverse circulation drill holes and 417 test pits were completed in this year’s second-phase program. The drilling was aimed at following up encouraging gold values in test pits in the Schooner and Sleemans zones, as well as geochemical-geophysical targets south of the Kokanee and Fosters zones.

Selected results from drilling in the Kokanee and Fosters zone include 32.8 ft. grading 0.037 oz. gold per ton; 65.6 ft. of 0.043 oz. gold; 19.6 ft. of 0.17 oz. gold; and 26.2 ft. of 0.043 oz. gold.

Drilling in the Sleemans zones returned 78.7 ft. of 0.04 oz. gold and 29.5 ft. of 0.04 oz. gold. These results are viewed as significant because the gold values occur within a thick package of altered and oxidized quartz monzonites similar to those hosting the known reserves in the Pacific to Lucky trend.

Drilling in the Schooner zone returned 13.1 ft. of 0.096 oz. gold. Ken Carter, president of Loki, said both targets indicate the southeast part of the Brewery Creek property has potential to develop important new centres of mineralization. The project already hosts preliminary reserves totalling 16.24 million tons grading 0.054 oz. gold.

A small drill program aimed at testing the downdip and lateral extensions of the Sleemans intersections is near completion. Drilling on this and other targets is expected to continue next year.