Cathedral plans work program in Guyana

Cathedral Gold (TSE) is about to carry out regional exploration on a newly acquired prospecting licence in Guyana.

The licence, which covers 4,800 hectares, is the first of four that the company has applied for, and efforts will focus on the many small-scale gold mining pits known to occur there.

A minimum 7,000-metre drill program is under way nearby at the Kaburi-Eldorado project (named after the surrounding district). Stepout drilling continues to test the Hicks zone to the southeast at 100-metre intervals. The mineralized shear zone is defined 1,600 metres along strike by 32 holes and remains open both along strike and at depth.

Of the previous holes, 94-28 was the farthest south and returned 6.2 metres of 9.71 grams gold per tonne, as well as 1.8 metres of 4.3 grams beginning at a vertical depth of 184 metres.

Hole 94-32 was the farthest north and returned 1 metre of 7.94 grams, as well as 1 metre of 0.091 grams beginning at a vertical depth of 78 metres. Infill drilling is planned for the Hicks zone so that reserves may be established.

Drilling is also planned for the Eldorado zone, about 2 km north of Hicks. Early in 1994, four drill holes were attempted in an area where surface samples had returned up to 26 grams. However, the work was abandoned as a result of poor ground conditions.

Trenching on the newly identified Purple Heart shear zone, situated parallel to the Hicks zone at a distance of 250 metres, returned the following values: 2 metres of 3.75 grams and 4 metres of 2.27 grams for trench 9452; 5 metres of 2.13 grams for 9458; 2 metres of 5.64 grams for 9461; and 2 metres of 3.33 grams for 9462.

Cathedral can earn up to a 90% interest in the Kaburi-Eldorado project by spending US$5 million over seven years. To date, the company has spent US$2 million.

Elsewhere, Cathedral increased its land position to 1,280 hectares at the Trendline property in Nevada. Kennecott can acquire up to a 65% interest by spending US$500,000 on exploration over three years and delivering a feasibility study. Drilling is planned on several geophysical targets in early 1995.

Cathedral recently optioned 75% of its Cunningham Creek gold property to Gold City Resources (ASE). Situated in central British Columbia, the 800-hectare concession includes the former-producing Cariboo Hudson mine. To earn its interest, Gold City must spend $325,000 on exploration and development over three years and issue 75,000 common shares in each of those years.