Cominco releases first phase assays from Kinsley Mtn.

Cominco Resources has received some encouraging drill results from its 60% owned Kinsley Mtn. gold property in eastern Nevada.

U.S. Minerals Exploration Co. holds a 40% participating interest in the 5,000-ac property where a 2-phase 24,000-ft drilling program is currently under way.

The first phase assay results from the $375,000 program are now coming in from widely-spaced holes on a variety of targets. Cominco says the second phase will consist of grid drilling on three gold zones.

The results from hole No 51, located in the Upper Main zone, cutting 65 ft indicated grades of 0.08 oz gold per ton. Hole No 40 (in the same zone, 500 ft southeast of hole No 51) cut 370 ft grading 0.03 oz from the surface to 370 ft with shorter lengths of higher grade.

The company says this hole was drilled at the site of hole No 21, which was drilled last year and only went to 160 ft indicating grades of 0.04 oz to that depth.

The new results increase the size of the upper main zone which is open for expansion to the northwest, Cominco says. A grid drilling program on 200-ft centres, is now under way on the main zone (located 2,000 ft southeast of hole No 51), and will be expanded to include the upper main zone northwest of Hole No 51.

The company says grid drilling is also planned on the Access zone, located 4,000 ft southeast of hole No 51. The grid drilling phase had been planned for 10,000 ft of drilling of holes spaced 200 ft apart, but now more drilling will be done.