A high grade gold and silver discovery was made by Energex Minerals (TSE) on its JD property (eight miles east of the Al project), part of the company’s wholly-owned Toodoggone project in north-central British Columbia where a $1.6-million exploration program was recently completed.
The company says an extensive geochemical survey was followed up by trenching and sampling on the JD claims and a well mineralized thrust fault was trenched and sampled over a strike length of 5,000 ft.
Gold and silver mineralization was discovered at the JD West zone and the Finn zone, in an area of a very large coincident geophysical anomaly measuring about 1,300 ft by 2,000 ft and open in all directions. Results include: 85.3 ft of 0.17 oz gold including 49.2 ft of 0.24 oz gold; 36.1 ft of 0.23 oz gold including 23 ft of 0.30 oz gold; and 31.2 ft of 0.66 oz gold including 14.8 ft of 1.14 oz gold per ton. A 16.4 ft intersection of 0.16 oz gold and 8.62 oz silver was reported from hole 88-33, which included 9.8 ft of 0.20 oz gold and 12.77 oz silver.
Meanwhile, the company reports that development drilling on the West Bonanza zone at the Al project has defined a mineralized area at the western boundary of the planned Bonanza pit. Hole 88-55 returned 20.3 ft of 0.11 oz gold.
Five holes were also drilled on the Ridge zone, a structure with a strike length of 1,800 ft situated northeast of the Bonanza deposit. The company reports that drilling was designed to test a zone averaging 18 ft wide and 350 ft along strike where a 1987 hole intersected a 3.1 ft interval (true width) grading 0.343 oz gold at a vertical depth of about 700 ft. Drill hole 88-57 encountered the zone and returned 45.9 ft of 0.11 oz gold and 2.20 oz silver which includes 6.6 ft of 0.20 oz gold and 2.79 oz silver.
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