Previous owners of the Wenatchee gold project in Washington state spent $10 million exploring the Compton, Wenatchee Heights and Matthews properties. In our issue of Feb. 2-8, we incorrectly attributed those expenditures to new owner Yamana Resources (YRI-T).
Previous drilling at Matthews encountered a 200-ft. intersection (1,860-2,060 ft. below the surface), from which eight separate gold intervals were reported, including 50 ft. grading 0.26 oz. gold per ton and 5 ft. of 1.15 oz. gold. Yamana is reviewing past work and is seeking a joint-venture partner. The company believes the properties have potential for deep-lying, epithermal gold-silver deposits.
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