Some impressive assay results were reported by Catear Resources (VSE) from underground stope sampling at its Goldwedge property north of Stewart, B.C. The company is now processing low grade material through a 40-ton-per-day mill on the property, to be followed by the processing of high grade stope material.
Based on 24 samples in nine different channel cut sites along 96 ft., Catear says it has obtained a calculated value of 7.896 oz gold and 5.72 oz silver per ton across 9.91 ft. The channel cuts were spaced at equal distances along the full length of the stope. Edward Kruchkowski, president, says that during sampling, native gold was observed in three of the channel cuts as well as in locations between the sample sites.
The sampling was carried out in a stope between the No 1 level (135 ft mark) and the glory hole, with the No 1 level averaging 0.825 oz gold and 1.69 oz silver along 178 ft of length and 10.75 ft of width. Catear says the glory hole averaged 1.36 oz gold across a width of at least 4 ft, with the full width not yet explored.
The company is now in the process of updating ore reserves which presently stand at 291,912 tons of 0.837 oz gold and 2.69 oz silver per ton. Only about 10% of the property has been explored to date, Catear reports, while only 25% of the Golden Rocket structure has been tested. Three other structures remain to be examined.
The company plans to increase production from 40 to 120 tons per day, but says this will be dependent on crushing the ore feed down from 3/4 inch to 1/4 inch. Another crushing system has been ordered.
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