Vancouver – Wildrose Resources (WRS-V) has extended the mineralized horizon to the northeast and the west in the first five holes of a sixteen-hole reverse circulation drill program on its Spanish Mountain property in British Columbia’s Cariboo region.
The Spanish Mountain property lies 10 km from the Village of Likely. The project is a 70:30 joint venture between Skygold Ventures (SKV-V) and Wildrose.
Hole 235, targeting the northernmost part of a larger zone of stratigraphically-controlled mineralization and the northernmost hole to date, returned an intercept of 94.5 metres grading 1.81 grams gold per tonne starting from a downhole depth of 23 metres and bottoming in mineralization at 117.4 metres. Included in the intercept was a higher grade interval of 2.35 grams gold over 65.5 metres.
Hole 235 is located 55 metres east of hole 216 which intersected 57.8 metres grading 1.11 grams gold last November. The mineralized zone defined by these two holes remains open to the north, to the east and to depth.Hole 236, 450 metres southeast of hole 235, tested the same chargeability anomaly, and intersected 27.4 metres grading 1.09 grams gold and 21.4 metres grading 1.41 grams gold in the same stratigraphic unit.
On the downside, two reconnaissance holes came back empty after one tested 650 metres west of hole 235 and the other was abandoned due to caving.
Meanwhile hole 239 hit two stratigraphically-controlled mineralized intercepts that returned about a half gram gold over 21.4 metres and 24.4 metres respectively.
The drilling, which is part of the first phase of the 2005 program, was suspended on June 8 to allow the drill to conduct drilling on the nearby Woodjam project.
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