A 24.3-ft. intercept grading 1.19 oz. gold, 1.39 oz. silver and 0.87% zinc was returned from recent underground drilling at the Inel property in the Iskut River camp of northwestern British Columbia. The work program is being funded by Avondale Resources (VSE) under the terms of an option agreement with property owner, Gulf International Minerals (VSE). A minimum of $2.5 million will be spent this year and Gulf will be field manager until Avondale completes the earn-in of its 50% interest.
The 1990 drilling is testing the AK zone. Avondale noted that Gulf’s 1989 surface drilling on the zone revealed gold and base metal mineralization occurring over true widths of 6-18 ft. in an intrusive breccia at the footwall contact of a syenite intrusive.
The underground drilling began in an area of the AK zone which returned a number of high-grade assay results in 1989 including: 24 ft. of 0.62 oz. gold; 13.1 ft. of 1.50 oz.; and 20 ft. of 0.42 oz.
Results were released from the initial five holes of the underground drill program on the AK zone. Hole U-170 returned 11 ft. of 0.045 oz. gold, 0.11 oz. silver and 0.31% zinc, while the second hole, U-171, returned the 24.3-ft. high-grade intercept mentioned above (from 227.5-251.8 ft.), which included a 16.0-ft. interval grading 1.57 oz. gold, 1.72 oz. silver and 0.97% zinc.
Results from other holes include: 46.1 ft. of 0.13 oz. gold, 0.11 oz. silver and 0.05% zinc; 5.0 ft. of 0.26 oz. gold, 0.84 oz. silver and 0.48% zinc; and 28 ft. of 0.15 oz. gold, 0.19 oz. silver and 0.13% zinc.
The underground program will entail about 1,500 ft. of adit and footwall drifting to establish drilling stations for about 12,000 ft. of drilling to test the continuity of the AK mineralization over a minimum 1,000 ft. of strike length.
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