Joint venture partners Esso Minerals Canada and International Shasta Resources report encouraging results from Esso’s l987 exploration work at the Toodoggone gold-silver prospect in northern British Columbia.
Work on the 4,400-acre prospect consisted of geological mapping, soil geochemical surveys, geophysical surveys, 2,400 m of trenching, road construction and 7,815 ft of diamond drilling.
Among the better drill results; hole 87-04 in the Jock zone intersected 26.6 ft grading 0.049 oz gold per ton and 3.34 oz silver. In the Creek/JM zone, Hole 87-11 intersected 69.2 ft grading 0.072 oz gold and 4.29 oz silver, including a 30.8-ft interval grading 0.137 gold and 8.32 oz silver. Hole 87-13 intersected 67.6 ft grading 0.052 oz gold and 2.22 oz silver.
Backhoe trenching delineated the new O zone over a strike length of 275 m with widths ranging from 6 to 36 m. Best surface assay here was 0.74 oz gold over 3.2 ft.
These results upgrade the potential of the prospect where earlier exploration had outlined reserves of 500,000 tons averaging 0.172 oz gold, Shasta President H. Faulkner reports. Esso can earn up to a 73% interest in the project by spending $10 million before May 1, 1995.
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