Westmin cuts 44 ft averaging 4 oz gold

Another spectacular drill hole has been reported from Westmin Resources’ Debbie property on Vancouver Island which falls under a joint venture agreement with Nexus Resource Corp. and Angle Resources.

Visible gold was reported throughout a large portion of the hole which was drilled in the 900 zone at right angles to DN50, another impressive discovery announced earlier this year. That hole returned 44.3 ft of 1.14 oz gold.

But the latest hole is even better, according to Westmin, the operator. It returned an uncut value of 4.1 oz gold across a core length of 47.1 ft in the interval 142.3 to 189.4 ft. Within this section was 19 ft of 9.8 oz gold and 2.6 ft of 30.5 oz. Silver grades are preliminary and are based on geochemical analysis but they should be proportional to the gold, says Westmin.

Arthur Soregaroli, vice-president exploration for Westmin’s mining division, says the latest hole proves the zone has some continuity but he concedes a lot more work is required to define the extent of the discovery.

The gold occurs in a silicified quartz zone or stockwork with a variety of rock types. Float material containing visible gold has been noted on a hillside nearby and exploration crews are trenching down slope from the discovery, he points out. Soregaroli concedes they will probably have to go underground to evaluate the zone in detail and this could happen later in 1988.

According to Nexus President James MacNeil, an extra $1 million will be spent on the Debbie property by Feb 28, 1988, and he says the Nexus group (Nexus, Angle, Reward) has an $8.5-million budget for the Debbie and Yellow properties this coming year.