Vancouver — Southwestern Resources (SWG-T) has reported high grade gold results that show the stratiform nature and continuity of the high-grade gold at Boka 1.
The Boka project is in Yunnan province in China, which borders Myanmar, Laos and Vietnam. Southwestern can earn a 90% interest in the project from the China Yunnan Province Nuclear Industry Team 209 by spending US$4 million over four years, and paying US$1.7 million in cash and shares in the fourth year.
Results from drill holes B04-50,51,53-58 into the Boka 1 South gold zone, were highlighted by two high-grade intercepts that confirm the southward extent of the high-grade zone by 600 metres.
The intercepts graded 30.7 grams gold per tonne over 13.65 metres in hole B04-53 and 31.4 grams gold over 7.2 metres in hole B04-57.
Each of these higher grade intersections occurs within a thicker, lower grade zone of mineralization.
Gold mineralization at Boka is associated with quartz-carbonate stockwork, replacement quartz veins, massive sulphides and massive carbonate replacement.
Trenching, tunneling and drilling has extended the Boka 1 gold zone over some 1,800 metres along strike. The zone is still open to the north, south and down-dip. Drilling shows that mineralization continues down-dip for 300 metres at Boka 1 North and 500 metres at Boka 1 South.
Southwestern’s recent electromagnetic survey over the Boka 1 gold zone shows a conductive graphite shear zone which lies directly above the gold mineralization. The company plans to drill several holes to test the 1,500 metre long conductive zone.
Southwestern recently expanded the parameters of a draft scoping report by Hatch Engineering for the project in December 2004, to include underground mining.
Seven rigs are operating on the property with an eighth rig due to start drilling in two weeks.
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