Better Resources has come up with a drill- indicated reserve estimate for its Mt. Washington gold property on Vancouver Island. The reserves include some 194,700 tons at 0.23 oz gold and 0.99 oz silver in the Lakeview-West grid zone plus 41,700 tons at 0.21 oz gold and 1.9 oz silver in the Domineer zone.
Altogether they comprise some 235,900 tons of 0.23 oz gold and 1.2 oz silver. A cutoff grade of 0.1 oz gold was used over a 6-ft minimum thickness, the company notes. Lower grade material also exists, some of which would be mineable by open pit. Most of it (131,300 tons grading 0.07 oz gold and 0.45 oz silver) occurs in the west grid area.
The 1987 drill program will attempt to confirm tonnage and grade in the central area which has inferred reserves of 485,700 tons grading 0.18 oz gold. Preliminary open pit calculations in the Lakeview-West grid areas indicate that 158,000 tons of material grading 0.19 oz gold and 0.95 oz silver could be available at a 6.6-to-1 strip ratio.
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