Recent infill drilling on the R-8 structure of the Sulphurets property owned 60% by Newhawk Gold Mines (TSE) indicates the zone is continuous to at least the 1,100-metre level.
The drilling established the zone to have a strike length of about 270 ft. and a dip length of at least 700 ft. extending to the 1,100-metre level with the zone still open to depth.
Results ranged from 2.5 ft. grading 0.28 oz. gold per ton and 14.7 oz. silver to the widest intercept of 40.9 ft. grading 0.25 oz. gold and 14.1 oz. silver.
Selected results from the R-8 drilling include (uncut): 18.6 ft. grading 1.04 oz. gold and 25.74 oz. silver; 19.7 ft. of 0.75 oz. gold and 18.90 oz. silver; and 27.1 ft. of 1.38 oz. gold and 35.81 oz. silver.
The structure could not be drilled below the 1,100-metre level without further drifting. Four holes were drilled to the south of the established R-8 zone, intersecting several additional mineralized shoots in the footwall at the 1,150-metre level.
The four holes intersected 4.8 ft. grading 0.24 oz. gold and 50.13 oz. silver, 10.6 ft. of 0.19 oz. gold and 3.36 oz. silver, 9.2 ft. of 0.19 oz. gold and 20.41 oz. silver and 4.9 ft. grading 0.22 oz. gold and 20.50 oz. silver.
Fred Hewett, vice-president and exploration manager, noted that the latest drilling results would be included in the reserve calculation being done by Watts Griffis McQuat of Toronto. The reserve calculation will be used by Cominco Engineering Services in a final feasibility report, which is expected to be completed by the end of February.
Granduc Mines (TSE) owns the remaining 40% of the property, north of Stewart, B.C.
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