Tonnage, grade increases on Eureka B.C project.

Eureka Resources reports an independent evaluation of 1986 exploration results on the company’s Frasergold precious metals project in central B.C. has confirmed upgrading of results and tonnage and grade expectations.

Dr K. V. Campbell, and D. A. Leishman, geological consultants, say in a report to Eureka that larger volume samples resulting from reverse circulation and HQ-size core yielded much higher grades than reported from former NQ-size core.

They state that grades up to 0.5 oz gold per ton over 2-3 m mining widths can be expected, where previous drilling indicated grades in the order of 0.2 to 0.3 oz.

Alternatively, wider zones of 30-m widths with grades in the range of 0.06 oz to 0.10 oz may be outlined for open pit potential, the geological report says.

Available data from one zone indicates an underground operation mineral reserve potential of 1.2 million tons with a grade of 0.4 oz.

The underground potential is predicated on a 2-m mining width to a depth of 140 m along the full 1.5 km length of the drilled area.

Open pit potential is suggested to be in the range of 20 million tons with a grade of 0.06 oz gold per ton. Calculations are based on a mining width of 30 m to a depth of 140 m.