Drilling on the Corey property in the Eskay Creek area of northwestern British Columbia is returning gold values for Kenrich Mining (VSE).
Drilling has concentrated on the T.V. zone, a highly altered rhyolite with an overlying sulphide-bearing black mudstone and breccia. Holes 2, 3, 4, 14 and 15 tested the zone from line 4+00S over an 800-ft. wide section to a depth of 400 ft.
One of the best results came from hole 15, which intersected 113 ft. grading 0.053 oz. gold and 0.94 oz. silver per ton, including a 3.3-ft. section grading 0.84 oz. gold and 2.06 oz. silver.
Ken Trociuk, chairman of Kenrich, believes the T.V. zone has excellent potential as a low-grade, bulk-tonnage target.
Holes 16 through 22, which tested the zone over a 350-ft. strike length both north and south of line 4+00S, will give the company a better picture of that potential.
In addition to the project’s bulk-tonnage possibilities, Kenrich President Jerry Blackwell is interested in the potential for the discovery of an “Eskay Creek style”, stratabound massive sulphide deposit.
The high-grade interval in hole 15, within a black mudstone, underlines that potential, Blackwell points out.
Poor weather conditions have prompted Kenrich to move into the valley north of line 4+00S to test the T.V. zone on strike at a lower elevation.
Drilling in the valley will include six to twelve holes. Following completion of this program, Kenrich will have about $1 million in working capital and 19.2 million shares outstanding.
Trociuk expects to spend about $3 million on the property next year, including a major drilling program of up to 50 holes.
Assay results from holes 16 through 22 are pending. Significant results from this year’s drilling are as follows:
HoleIntervalWidthGoldSilver
(ft.)(ft.)(oz./ton)(oz./ton)
95-2495.1-499.54.4-48.21
95-318.0-70.552.50.0531.53
95-441.6-86.544.90.071.52
incl.73.4-76.73.30.394.97
95-14178.0-185.07.00.061.07
and281.5-284.83.30.161.51
95-15131.6-244.6113.00.0530.94
incl.200.0-203.43.30.842.06
and309.3-335.926.60.0275.04
Be the first to comment on "Kenrich drills Corey gold property"