Wayside makes drilling plans

The Wayside property near Gold Bridge in southern British Columbia will soon undergo diamond drilling.

International Wayside Gold Mines (VSE) will carry out a 2,500-ft. program in an effort to test the southern extension of gold-bearing veins beneath Carpenter Lake. One hole will test the structure at 1,000 ft. below the lowest (ninth) level of underground workings.

Last year, a 27-hole program was carried out from the ninth level (450 ft. below surface). Sporadic gold results were reported and it was confirmed that the veins extend another 330 ft. to depth and remain open.

Wayside President Frank Callaghan says these results indicate that coarse gold is present within the veins. He adds that other companies have carried out exploration drilling nearby, at the former-producing Bralorne and Pioneer gold mines, and that results were not much greater than 0.05 oz. gold per ton whereas actual production was in excess of 0.5 oz.

International Wayside now holds a 100% interest in its namesake property, having recently acquired a half interest from Parametric Ventures (VSE). A payment of 400,000 common shares was required.

Callaghan says a work program is outlined for the newly acquired Minto and Olympic claims, situated on the opposite side of Carpenter Lake. Springtime drilling of 2,500 ft. is planned for each claim, with additional trenching slated for Minto, a former gold producer.

Wayside can earn a half interest in the claims from Avino Mines and Resources (VSE) by paying $10,000 plus 100,000 shares and spending $1 million over four years.

Meanwhile, Avino and joint-venture partner Bralorne-Pioneer Gold Mines (VSE) have drilled 7,000 ft. on the northeast side of the Bralorne property. The program was designed to test two parallel vein structures known as Peter and Big Solly. Drilling returned values of gold mineralization of 0.03-0.1 oz. Selected higher-grade values included 4.8 ft. of 0.33 oz. for hole 94-13, 4.7 ft. of 0.27 oz. for 94-4 and 3.8 ft. of 0.16 oz. for 94-7. Soon, the partners will drill-test (for the first time) a 2,000-ft. area between the Bralorne and Pioneer mines. Reserves at Bralorne are estimated to exceed 1 million tons grading 0.27 oz.

Bralorne-Pioneer Gold Mines is earning a half interest from Avino by spending $1 million on exploration during the next three years, in addition to agreeing to cash and stock considerations.

Wayside also has an option for a half interest in the Cariboo Gold Quartz mine of Mosquito Consolidated Gold Mines (VSE) in the Wells

area of British Columbia. To earn the interest, it must pay $50,000, issue 500,000 shares over five years, and invest $1.5 million in exploration over six years.