Alpine to launch quarter million dollar gold-silver exploration program next month; company optimistic about its Alaskan property where more than fifty thousand ounces of gold have been recovered.VANCOUVER, B.C.--(BUSINESS WIRE)--April 10, 1995--With the gold price strengthening, Alpine Exploration Corporation (VSE See DOS/VSE. VSE - Virtual Storage Extended :AXC AXC Chief Aviation Antisubmarine Warfare Technician (Naval Rating) AXC Add Cross-Connect Card ) is launching a quarter million dollar exploration program on its three properties located in northern British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and in Alaska. Company president Willis "Bill" Obsorne, says the main focus of activity will be at its Gold Dust property in Alaska, which is situated about 100 miles northeast of Fairbanks. Field work will consist of a diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral and soil sampling. Osborne says the property itself has seen extensive placer mining operations, and more than 50,000 ounces of gold have been recovered, but little exploration work has been done to locate the source of the gold. He says he is optimistic that this year's program will result in the finding the one or more of the source for the placer gold. At its Wolverine wolverine or glutton, largest member of the weasel family, Gulo gulo, found in the northern parts of North America and Eurasia, usually in high mountains near the timberline or in tundra. Precious Metal property, north of Smithers, British Columbia Smithers is a town located in northwestern British Columbia, Canada, approximately halfway between Prince George and Prince Rupert. Smithers is located in the Regional District of Bulkley-Nechako. , Osborne says a program of geophysics and trenching is planned. Assays on rock from the property have ranged up to 0.870 ounces per ton gold and more than 3.2 ounces per ton silver. The property is just west of a property where a mineral reserve of 163,000 tons of 0.128 ounces per ton of gold was defined in 1994. A three million dollar development program is planned for the 1995 season. The third area, also in British Columbia, is the Troitsa Peak property some 100 miles south of Smithers Smithers is a surname, and may refer to: People People with the surname Smithers
President Osborne, who is professional geologist, says he anticipates preliminary results from all three locations should be available over the summer. CONTACT: Alpine Exploration Corp. Willis (Bill) Osborne, 800/553-8151 |
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