Drilling on the Grizzly zone at the Golden Bear mine in northwestern British Columbia is expanding the dimensions of the deposit.
Owner North American Metals (VSE) reports that hole 95-128 intersected 18.1 grams gold per tonne over a true width of 12.9 metres. The hole is the deepest drilled to date on the Grizzly, intersecting the zone about 25 metres below hole 95-126 (16.9 metres grading 25.2 grams).
Another hole (95-129) intersected low-grade mineralization, but the company is not concerned, pointing out that it was not unusual for exploration holes within the nearby Main Bear gold deposit to return low grades within the deposit boundaries. The Main Bear deposit produced more than 6.7 million grams (216,000 oz.) from a similar geological structure.
The steeply dipping, high-grade Grizzly zone now measures more than 150 metres on strike and 50 metres downdip, ranging in width from 3 to 16 metres. The zone remains open on strike and to depth, and the company plans to continue drilling after the completion of a maintenance program on the Grizzly decline.
Subject to confirmatory drilling, the company expects the Grizzly zone to provide sufficient mill feed to restart
the 400-tonne-per-day Golden Bear mill.
North American Metals is 81% owned by Wheaton River Minerals (TSE).
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