A 20,000-ft diamond drill program is planned for the Kitsault River property of Dolly Varden Minerals to test a recently outlined north-west-trending gold zone.
An exploration program recently completed on the property, located in the Skeena district in northwest B.C., included rock and soil geochemical sampling and channel sampling of trenches.
The gold zone outlined is about 2,000 ft long and includes three significant gold showings, the company says. One gold showing, near the south end of the zone, was sampled with a diamond saw and averaged 0.165 oz over a width of 15 ft and a length of 125 ft. The best values along this strike included 0.452 oz over a 6.4 ft width and 0.321 oz across 3.6 ft.
A second showing was discovered near the central part of the gold zone and returned an assay of 0.046 oz over 9 ft.
At the north end of the gold zone a third showing returned an average of 0.106 oz over a width of 12 ft for a strike length of 165 ft. The best values at this showing included 0.303 oz over 7.9 ft and 0.176 oz across 10.4 ft.
The company and First Fund Capital Corp. have agreed to cancel the previously announced investment of $540,000 by First Exploration Fund 1986 and Co. However, the parties have agreed to collaborate on the now much larger program on terms and conditions to be arranged.
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