NEWS ROUNDUP — Komis returns good grades for Waddy

Infill drilling at the Komis deposit near La Ronge, Sask., has returned high-grade gold values over widths of up to 42.6 ft., says owner Waddy Lake Resources (TSE).

The recently completed 20-hole program was designed to confirm the tonnage and grade of previously calculated reserves in the A, B, and C zones and to follow the mineralization along strike and to depth.

Significant intersections include 42.6 ft. grading 1.1 oz. gold per ton in hole 92-35 and 16.4 ft. grading 0.72 oz. gold in hole 92-32. Since the coarse free content of the mineralized intersections has created a nugget effect, extensive metallic assaying is now under way to accurately analyze to core. The Komis deposit contains total preliminary reserves of 562,000 tons grading 0.44 oz. gold in five separate zones.

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