Vancouver-listed Trader Resource Corp. has released partial diamond drilling results from its Tel deposit on the Yellow Giant property at Banks Island, B.C.
The company says it has completed 61 holes and assays have been received for 37 of them. The most significant results are as follows: Hole 6-45 intersected a 6-m cut grading 0.54 oz gold per ton while hole 20-63 intersected another 6-m cut grading 0.45 oz. Hole 33-45 intersected a 5 m interval grading 0.31 oz.
According to the company, drill information so far confirms that banded quartz-sulphide veins and breccia zones are associated with one strong persistent sinuous structure.
Based on current results, the average vein width is between 0.5m and 1 m.
Trader says results won’t be evaluated until the drilling program is complete. A total of six holes have yet to be drilled and the company is waiting for 24 drill holes.
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