More than $1.5 million of a $1.75-million exploration budget this year was spent by Western Canadian Mining on its Kerr and Goosan properties in northwestern B.C., and results have been exciting.
High grade values of gold were found on both properties and a long intersection of copper and gold occurs on the Kerr. The company plans spending another $1.5 million on exploration in 1988, funded by way of a flow-through agreement with nim Management. Most of the funds will be directed to the two British Columbia projects.
Drilling, trenching and geochemical surveys on the Kerr property in the Sulphurets Creek area has outlined three main and two secondary target areas which will require follow-up exploration (N.M., Nov 9/87). A potential large tonnage open pitable copper deposit with gold credit exists, the company reports.
On the Gossan prospect in the Iskut River area, the main target is the Khyber Pass gold zone which is 150 ft thick, northerly striking and steeply dipping. The zone contains several parallel gold-bearing massive sulphide zones associated with silver, copper and zinc. Numerous high grade values repeat with the zone giving an average of 0.1 oz gold per ton, 1.28 oz silver and 0.3% copper over 42.7 ft. The zone is open to the north and further drilling will be required on this and seven other gold target areas on the property.
Western Canadian was formed a year ago to acquire and develop Canadian exploration interests formerly held by Cons. Brinco and Cassiar Mining. The company went public in January when it merged with Equine Resources.
It holds varying interests in 21 mineral exploration projects and during the past year, exploration programs were conducted on 11 gold properties and one limestone prospect. Total budget, combined with joint venture partners’ contributions was $2.5 million.
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