More visible gold from Spectrum

More visible gold mineralization has been intersected in a recent hole drilled on the Spectrum property in northwestern British Columbia.

Project operator Columbia Gold Mines (VSE) said hole 91″D76 intersected a 16-ft. and a second 33-ft.-long interval of visible gold mineralization. Assays are still being awaited for this hole, and for a previous hole 71 which returned a 15-ft. interval containing coarse-grained visible gold. This hole is reported to have intersected a mineralized zone about 30 ft. wide at a depth of 340 ft. below surface.

The latest hole, 76, is on the same drill section as hole 71, and intersected the two principal vein structures about 210 ft. above those in hole 71. Field reports describe the nature of mineralization intersected in hole 76 as being composed of abundant visible gold, both coarse and fine-grained, associated with zones of copper and zinc sulphide minerals.

The latest hits are considered “the richest encountered to date” on the property, and exceeding that previously seen in hole 71.

The Northern Miner visited the Spectrum property in late July and will be reporting on the site visit in the next issue. The Spectrum property has an exploration history that includes work done several decades ago by a number of companies, including Don McLeod’s Northair Group and Cominco. The current work program is operated by Columbia, which can earn a 100% interest from Northair Mines (TSE) and Calnor Resources (TSE) through close to $3 million in expenditures.

Eurus Resource (VSE), a company managed by Prime Equities (VSE), is funding this year’s work program. The company has an agreement allowing it to earn a 50% interest in the property from Columbia by spending a total of $8 million over the next four years.

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