The second-phase drilling program is slatted to start next month on the Independence property near Elko, Nev., by joint venture partners Westley Mines and Radcliffe Resources.
Evaluation of the results of the first phase drilling from the main target area indicates good potential for developing substantial tonnages of economic gold mineralized in the vicinity of drill holes 10, 16, and 17, says Victor Jones, Westley president.
These holes intersected significant thicknesses of stratabound mineralization occurring in the lower part of the Roberts Mountain formation and the upper part of the Hanson Creek formation.
Mr Jones says Hole 117 has been re-assayed using larger fire assay samples (5-assay tons) and individual screen fraction assays. Results from the combined weighted average of these check assays include a 100-ft intersection from 105 to 205 ft grading 0.049 oz gold per ton. This section includes a 20 ft section from 170 to 190 ft grading 0.102 oz.
These results suggest that a large stratabound mineralized zone may occur in the untested area down- dip from the present drill holes in the direction of a major north-east trending fault. This is believed to be the feeder fault for the mineralization found in this area, says Mr Jones.
The drill assays indicate this zone contains a significant thickness — 40 to 100 ft plus — of milling grade mineralization from 0.040 to 0.137 oz.
Thick intervals of lower grade (0.010 to 0.40 oz) material, which is possibly heap leachable, are also indicated to occur in the near surface oxidized parts of this zone.
Additional drilling will be done to determine the over-all grade and tonnage contained in this mineralized zone.
Westley holds a 20% working interest in the project while Radcliffe holds 40%.
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