Encouraging drill results are reported by Omni Resources (ORI-V) from the first three holes of an expanded program at its Skukum Creek property in the Mount Skukum area of southern Yukon.
The 15-hole program is focused on a newly excavated crosscut off of an existing adit. Omni is attempting to confirm and expand a drill-indicated reserve of 513,000 tons grading 0.22 oz. gold and 8.01 oz. silver per ton.
Assay results include: 28 ft. grading 0.27 oz. gold and 4.12 oz. silver (including a 14-ft. interval grading 0.35 oz. gold and 5.28 oz. silver) in hole 96-200; 38 ft. grading 0.37 oz. gold and 4.33 oz. silver (including 14 ft. of 0.67 oz. gold and 6.85 oz. silver) in hole 96-201; and 18 ft. grading 0.24 oz. gold and 11.8 oz. silver (including 4 ft. of 1.02 oz. gold and 57.3 oz. silver) in hole 96-202.
Hole 96-202 has extended the deposit 33 ft. below the previously defined depth. A fourth hole is being drilled to test 246 ft. below hole 202.
Meanwhile, a second underground program is in progress at the Goddell gold project, 4 km to the northeast. In preparation for a 20-hole initiative, Omni is driving a 620-metre-long decline, completion of which is scheduled for early November.
Omni can earn a 70% interest in the Goddell project from property owners Arkona Resources (AKA-V) and No. 276 Taurus Ventures.
In the Porter Fleming area, 1.5 km south of the Goddell shear, Omni plans to drill at least two holes in an effort to test a newly discovered parallel shear zone.
Trumpeter Yukon Gold, a company controlled by BYG Natural Resources (BYG-T), can earn half of Omni’s interest in the Mount Skukum properties by exercising 3 million Omni share purchase warrants at $1.50 each.
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