With the Brewery Creek gold mine up and running (T.N.M., June 23/96), operator Viceroy Resource (VOY-T) is turning its attention toward exploring several targets elsewhere on the Yukon property.
A US$1.7-Million exploration program is in full gear, with work focused on expanding resources within, and outside of, a geological trend hosting the existing open-pit deposits.
Trenching on the Bohemian zone returned 4.84 grams gold per tonne over 15 metres and 1.9 grams over 26 metres. The results were obtained from two recent trenches, some 30 metres apart, both of which are in intensely sheared and oxidized intrusive rock.
Viceory also is testing the North Slope target, where sediment-hosted mineralization has been partially defined over a strike length of 500 metres.
Recent drilling returned grades of 1 to 3 grams over thicknesses of 4 to 6 metres. More exploration is planned for this target.
The company is spending an addditional US$1.1 million to evaluate the potential for bulk-Minable gold deposits on ground held by First Nations and throughout the central Yukon.
Viceroy has signed an accord with a local native group, giving it the exclusive right to explore ground adjoining the mine property. Airborne geophysical and reconnaissance surveys are planned for this year.
Viceroy says that, to date, it has identified more than 80 targets in the central Yukon; the most promising of these will be examined this season.
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