EXPLORATION 1997 — Goldbrook to drill Citadel gold property

Diamond drilling is planned for the Jubilee-Surluga gold project near Wawa, Ont.

The program will be operated by Goldbrook Explorations (GDK-A), which holds an option to earn a half interest in the property from Citadel Gold Mines (CIGD-C). To do so, Goldbrook must spend $3 million on exploration over four years.

Once this is fulfilled, Goldbrook can earn a half interest in the surface rights and property facilities, which include a headframe, hoisting facility and a 700-ton-per-day mill, by spending a further $3 million over an additional four years.

Citadel’s property includes 12 small, former producers which together turned out 188,400 oz. gold from 1902 to 1998. Two of these mines, the Jubilee and Surluga, were developed on the Jubilee shear, a 50-to-150-ft. wide zone of shearing, alteration, veining and low-grade mineralization.

Attempts to mine higher-grade sections at Surluga have not been successful.

However, Goldbrook intends to evaluate the shear crossing the property as a bulk-tonnage, low-grade prospect.

Based on previous work, a resource of between 425,000 and 525,000 oz. gold, at a grade of between 0.05 and 0.06 oz. gold per ton, has been identified in the Jubilee shear, to a depth of 1,000 ft. An independent estimate is being calculated, based on data from 1,600 surface and underground drill holes.