A high-grade gold showing will be further explored by Fairfield Minerals (TSE) on its newly optioned Au property 11 miles northwest of the company’s Siwash North gold deposit. The properties are near Merritt, in southern B.C.
Fairfield can earn a 70% interest in the Au property by spending $150,000 on exploration and paying $100,000 by mid-December, 1997.
Previous work on the Au property was focused on the main showing where sampling returned high-grade gold values.
A gold geochemical anomaly was outlined 1,600 ft. from the main showing. In 1991, exploration work led to the discovery of a new showing near the north end of this anomaly. Trenching revealed a 2.5-ft.-wide structure over a 25-ft.-length. Continuous chip samples across the 2.5-ft. width near each end of the exposure returned 1.3 oz. and 1.4 oz. gold per ton.
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