To date, the junior has tested the Bonanza Ledge zone with 48 diamond drill holes. Assay results have been reported to hole 37, with results pending for the rest. Six of the most recent holes have stepped out about 300 metres northwest of the Bonanza Ledge zone to test a possible extension, as indicated by recent geophysics.
Gold mineralization at Bonanza Ledge is in the footwall of the BC quartz vein structure. Mineralized zones occur in a broad area of muscovite-carbonate alteration containing auriferous pyrite mineralization with grey-blue quartz-dolomite-ankerite stringers. Higher-grade bonanza zones show structural complexities with limited continuity, based on drill results to date.
The Cariboo project centres on three past-producing gold mines — Cariboo Gold Quartz, Island Mountain and Mosquito — all of which are in a 13-by-5-km area of Barkerville-Wells.
The area is famous for the Cariboo gold rush of the 1860s, and for lode mining that began in the 1930s. Historic production from the area is recorded at 3.9 million oz., of which 2.6 million oz. came from placer mining.
Wayside has completed 46.6 km of line-cutting at the Cariboo Gold Quartz property. From that grid, 2,217 soil samples were collected on the Barkerville and Cow Mountains. In the immediate area of the Bonanza Ledge discovery, 20 km of ground geophysical surveys have been completed. A 5-km orientation survey defined a chargeability signature for the mineralized zone.
New alteration zones have been mapped along strike and parallel to the discovery. Outcrops of pyritic-sericite-carbonate alteration have been found 2-3 km to the northwest, corresponding to a 1,200-metre-long gold-in-soil anomaly.
International Wayside has 39.3 million shares outstanding, or 44.8 million fully diluted.
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