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Grayd confirms high grade at Rumble Creek

Posted By: Northern Miner Staff October 11, 1999

Additional surface sampling has enabled Grayd Resources (GYD-V) to confirm high-grade gold values on its Rumble Creek property near Tok, in the Delta district of Alaska.

The samples returned up to 61.4 grams gold per tonne. A duplicate sample taken from the Goldberg Saddle area returned 19.7 grams, a sharp increase from the original sample value of 8.4 grams, indicating the presence of coarse gold.

Earlier this year, Grayd outlined five gold-bearing zones associated with northeasterly trending structures over an 8-km length. Thick overburden has prevented further trenching, and diamond drilling is required to evaluate these high-grade areas.

Rumble Creek is underlain by Yukon-Tanana Terrane rocks prospective for gold and base metals.

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