Vancouver — International Wayside Gold Mines (IWA-V) continues to explore the Bonanza ledge prospect at its Cariboo Gold project near Wells, BC. The junior has completed 7 holes to date and is currently stepping out to the southeast of the previously defined limit of the gold mineralization.
The first four holes of the project were designed to drill beneath gold-in-soil anomalies and establish the stratigraphic section, structural setting, alteration and mineralization from the hanging wall of the BC vein though the Bonanza Ledge zone to the Canusa vein. These holes intersected dolomite and/or muscovite altered zones over a distance of 1,000 ft. from the edge of the Bonanza Ledge.
In addition, two intersections in hole BC-3 cut 1 ft. and 1.7 ft. grading 38.84 grams gold per tonne and 5.37 grams gold, respectively. These intersections were obtained form the Canusa vein that runs parallel to the BC vein. The vein is 9.5 ft wide in drill hole BC-3.
Hole BC-5 was drilled as a 100 ft. step out to the southeast of the previously defined mineralization. The hole was drilled at an acute angle to a fault, which it intersected for over 300 ft. The strongest altered and mineralized intersection was 13.04 grams gold over 2 ft., starting 102 ft. down-hole. Company geologist are encouraged since the intercept shows that mineralization extends beyond what was originally thought. In addition, the BC vein was cut in hole BC-5 at depth of about 500 ft. and returned anomalous gold values over 4.5 ft.
Assays results are pending for holes BC-6 and 7.
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