Cathedral drilling

A $1-million exploration program involving a minimum 20,000 ft of drilling is planned this year for Cathedral Gold Corp.’s (tse) Takla Rainbow project 95 miles northeast of Smithers, B.C. Approximately 26,582 ft of drilling in 41 holes has been completed on the property since 1984.

Geological reserves now stand at 471,290 tons grading 0.32 oz gold of which 220,000 tons averaging 0.4 oz are drill-indicated and inferred. Three gold-bearing zones have been delineated thus far and they are open along strike and to depth, the company notes. Only one-third of the auriferous structure has been tested to date and Cathedral says “the potential for increased reserves and the discovery of new zones is considered excellent.”