Drilling progam to start on old Lovitt mine property

Surface diamond drilling is scheduled to begin immediately on the old Lovitt mine property at Wenatchee, Wash. Vancouver-based Grange Gold Corp. holds a 50% interest in the Lovitt Mining Company which controls the former producer. Asamera Minerals and Breakwater Resources hold the remaining 50%.

The Lovitt mine adjoins Asamera’s Cannon mine project which is located immediately to the north. Last fall, the Lovitt- Asamera joint venture completed some geophysics and diamond drilling on the Lovitt property. The purpose of the program was to locate possible extensions to the Lovitt mine on the northern and southern portions of the property. Approximately 7,800 ft of drilling was completed in 13 holes and several encouraging drill intersections were reported to the north. These included 0.17 oz gold over 55 ft and 0.27 oz over 10 ft.

The second-stage program will follow up these results and test a new area to the south of the mine workings where resistivity data has indicated a zone of silicification. The joint venture notes that ore deposits at Wenatchee are associated with this feature. The zone is between the Lovitt mine and Compton’s Knob property where Asamera reported drill results as high as 0.27 oz gold over 65 ft about three years ago.

Besides the surface drilling program, geological mapping and sampling will be carried out on the 1,250-ft level of the Lovitt mine prior to formulating an underground drilling program.