Program at Samatosum hits zone with coarse, visible gold

Drilling within the Samatosum mine area has intersected a new zone of gold mineralization.

The Samatosum open pit silver-copper-zinc-lead-gold mine is near Adams Lake, B.C., and is 70% owned by Minnova (TSE) and 30% owned by Rea Gold (TSE). Rea also has a 5% net smelter royalty interest.

Fred Sveinson, vice-president of Rea, said the discovery was made during a recent program of exploration holes along the horizon which hosts the Samatosum orebody.

Visible coarse gold was intersected by hole RG 398 within milky white quartz carbonate veins.

The hole intersected 2.1 metres from 156.3 metres to 158.4 metres grading 40.03 grams gold per tonne uncut (6.89 grams per tonne cut to 35 grams per tonne). The hole also intersected 0.5 metres grading 5.90 grams per tonne (uncut) from 232.9 metres to 233.4 metres, and 5.36 grams gold per tonne (uncut) from 235.3 metres to 240.2 metres.

The drill hole is about 2,000 metres to the northwest of the current mining operations.

The companies are now in the process of drilling stepout holes 100 metres to the northwest and 100 metres to the southwest of hole RG 398 as well as a third hole updip from the intersection.