Ladner Creek returns gold values

Drilling on the Ladner Creek property near Hope, B.C., is returning more gold values for Athabaska Gold Resources (TSE).

The company is drill-testing a gold zone from a new drift on the 875 level of the old Caroline mine.

Hole 71, drilled 165 ft. south of previously assayed hole 63 (29.5 ft. grading 0.33 oz. gold per ton), intersected 363 ft. grading 0.06 oz. gold, including a 49.8-ft. interval grading 0.12 oz.

Hole 61, also previously assayed, and drilled 165 ft. north of hole 63, returned a 3.8-ft. interval grading 0.14 oz. gold and a 23.5-ft. interval grading 0.18 oz. gold.

Two holes drilled 100 ft. downdip from holes 61 and 63 did not return significant values.

Athabaska’s drilling is aimed at reopening the old, 1,500-ton-per-day Caroline mill.

The drilling had originally been targeted to test the northward down-plunge projection of previously mined zones.

Gold mineralization intersected by the recent drilling represents a separate new discovery lying to the west of the down-plunge target. Athabaska sees good potential both up-plunge and down-plunge in the zone.