Drilling by Galactic, Quartz Mountain tops 400 holes

More than 400 holes representing more than 150,000 ft of drilling were completed by the end of October by Galactic Resources and Quartz Mountain Gold at their south-central Oregon property.

The companies report the above holes, combined with the 204 holes from the 1986 drilling campaign, will provide an ore reserve data base representing more than 225,000 ft of drilling and 45,000 assays. The drilling has occurred on 100-ft centres.

Of the 383 holes drilled during the summer only, 316 holes were within the Crone Hill and Quartz Butte deposits. These new holes have expanded reserves at depth and to the south and north.

Grades drilled during 1987 were generally higher than those reported during 1986, the companies report. Nineteen of the holes contained high grade intercepts of above 0.1 oz gold per ton from across 25 ft to 200 ft. Fifty-seven holes had intercepts grading from 0.05 oz to 0.1 oz from across 25 ft to 150 ft. Seventy-five holes contained thick intercepts grading 0.03 oz to 0.05 oz from across 100 ft to 400 ft. The companies report the remaining holes contained expected grades and thicknesses.

Development drilling at Crone Hill and Quartz Butte was completed at the end of October. Exploration drilling at Angels Camp, Crone Hill, Quartz Butte and additional eastern targets will continue into the winter, the companies report.