Sea Gold assays from first hole at Hedley B.C.

The first diamond drill hole completed on the Cahill claim group in the Hedley, B.C., area by Consolidated Sea Gold Oil Corp. has returned commercial grade gold assays.

Hole No 1 was completed to a total depth of 903 ft. So far, assays have been received from the first 255 ft.

A 9-ft intersection from 51-60 ft returned 0.104 oz gold per ton, while a 3-ft intersection from 122-125 ft assayed 0.248 oz. A 4-ft intersection from 102-106 ft returned 0.096 oz, while a 2-ft section from 75-77 ft graded 0.070 oz.

This hole encountered 50 ft of overburden. The company says at a depth of 450 ft the hole intersected what it calls the Hedley diorite dike with which the ore zones of the nearby Nickel Plate open pit gold operation of Mascot Gold Mines are associated.

Additional assays covering the remaining 648 ft of hole No 1 are expected to be available shortly. Meanwhile, drilling is continuing with the purpose of testing several large anomalous zones which exist on the northeast portion of the property.

Hole No 3 is currently at a depth of about 400 ft and encountered massive disseminated arsenopyrite. It intersected an altered diorite dyke at a depth of 245 ft.

The company says it is continuing negotiations for the acquisition of additional mineral claims in the Hedley gold camp .