Blackberry Gold Resources says that drilling and test pitting have indicated 820,000 cu m of gold-platinum- bearing gravels on its property near Princeton, B.C. Values range from $1.27 to $7.22 per m and there is considerable potential for blocking out additional reserves, the company claims.
Bulk testing is planned on existing reserves which in the past has tended to improve on drill results. The company has been exploring its 20,000-acre block of hard rock and placer claims since 1984; targets include gold deposits in Tertiary sediments and platinum occurrences in the ultra-basic complexes.
The exploration program began by locating suspected ancient river channels and testing the modern streams and erosion channels cutting through those ancient channels.
Natural zeolites (aluminum silicates) are known to exist on the property and provincial government surveys have mapped these over a 2-mile strike length on Blackberry’s claims. Assessing the potential of this versatile industrial mineral will be a part of future programs, the company points out. Zeolites are used in aquaculture, water treatment, heat storage, upgrading natural gas and methane, and radioactive waste treatment.
Blackberry has acquired an option to earn a 100% interest in four claims adjacent to the original Cariboo Gold Quartz mine and the Island Mountain mine south of Wells, B.C. Geophysical work will be completed prior to drilling.
Massive pyrite mineralization has been noted on the property which returned samples assaying 2.3 oz and 2.8 oz gold per ton. About 6,000 ft of drilling will be completed in the first pass.
The company has concluded an agreement for a flow-through offering which will raise at least $500,000 and a maximum of $3 million.
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