Drilling hits high grade gold in Rossland camp

Included in this intersection is a 1.8-ft section of 17.43 oz gold per ton.

The project is a 50/50 joint venture with Bryndon Ventures (ASE). The two companies spent more than $1.5 million on exploration of a land assemblage in the Rossland gold camp in 1988/89 and plan to spend a further $1 million this year.

According to Bryndon Ventures, the high grade mineralization was intersected in the first hole drilled on one of several new anomalous areas selected for exploration on the Iron Colt claim.

The company said the new zone appears to be part of a volcanic horizon situated between the surrounding intrusions and bears “high similarity” to geological conditions found in the Le Roi mine, about one mile southwest of the drill hole.

The Le Roi mine produced more than three million oz gold and another three million oz silver during its production history from 1891 to 1941. The Iron Colt zone is described by Antelope as “significant” because it is believed to be a previously untested extension of the Le Roi shear zone in the North Belt of the Rossland camp.

Antelope director David Mark stressed to The Northern Miner that the hole was collared and intersected mineralization completely within Bryndon/Antelope ground. Rumors to the contrary he dismissed as “absolutely, totally false.”

According to Antelope President Christian von Hessert, geophysical data indicates that this mineralized shear zone extends for a strike length of 1,181 ft and is open at depth.

Two step-out holes have already been drilled according to Bryndon Ventures, and a fourth hole on the zone is being drilled to intersect the vein at similar depth as the discovery hole, on 160 ft spacing.

]]>