Second drill due on Julbey gold bet

Jilbey Industries says diamond drilling and other work, including an IP survey, is under way on its 16-claim property in Duverny Twp. near Amos, Que., with Bay Resources and Services as operator.

Jilbey says preliminary results are encouraging, with the IP survey indicating a new area of interest in the south part of the property.

A minimum of 7,000 ft of drilling is planned to test some of the known gold-bearing structures, as well as new areas that may be indicated by the IP work.

The first hole in the current drill program was spotted to intersect the Bunkhouse vein below a previous intersection of 0.48 oz gold per ton over 33 inches, but the hole was stopped too soon, and didn’t intersect the vein.

A second hole, also drilled under the Bunkhouse vein, encountered a heavily veinletted and altered silicified, carbonatized and sericitized section holding sporadic chalcopyrite and pyrite mineralization from 481 to 501 ft, for a true width of 14 ft.

Assays are expected in early January, Jilbey says.

A second drill is expected on the property at about the same time, to start a 1,000-ft program of rotary percussion drilling.

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