Brush Creek Encounters High Grade Gold in Bachels Raise; Pillar 4 Development Continues.GRASS VALLEY, Calif.--(BUSINESS WIRE)--Jan. 29, 1998--Brush Creek Mining and Development Co., Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BCMD BCMD Blood Cells, Molecules, and Diseases (journal) BCMD Biological and Chemical Munitions Disposal )(the Company) today announced that exploration in the Bachels Raise which is approximately 60 feet to the South of the Golden Gate Ore Shoot encountered high grade ore. The high grade ore was initially discovered using metal detecting devices; subsequently the Company's geologist visually confirmed the presence of the gold, and spent a short time extracting high grade gold by hand. Specimens obtained by Arthur Smith, the company's geologist, included fist sized chunks of quartz with gold bands from 3/4 to 1 inch in width. The exploration was done in an attempt to confirm the possibility of a parallel ore shoot to the Golden Gate Ore Shoot. Odin Strandberg, JR., P.E., the Company's consulting mining engineer, stated, "The results of our continued exploration to the south of the Golden Gate Ore Shoot are very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. . In conjunction with the work that we are currently doing in the Pillars, the continued development of this new high grade find, which may confirm the existence of a parallel ore shoot to the Golden Gate Ore Shoot is our highest priority." James S. Chapin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of the Board, stated, "We intend to aggressively pursue the trail of high grade to determine if we have encountered a parallel ore shoot." In other news the Company reported that it is actively developing Pillar 4, which is one of 10 Pillars reported to exist above the Cassidy Level of the Lower Brush Creek Mine. Pillar 4 abuts the Golden Gate Ore Shoot. As a result of work done in the upper third of the Pillar, Odin Strandberg, JR., P.E., reported that, "Encouraging gold occurrences have been encountered. While we have not yet milled enough tonnage from Pillar 4 to establish a grade, the gold occurrences when combined with the presence of galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead. and pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. are promising." The Golden Gate Ore Shoot in the Lower Brush Creek mine averaged over 1 oz. of gold per ton milled. Brush Creek controls nine mines in the Alleghany-Downieville gold district of Northern California, which produced more than 12 million ounces of placer and 2 million ounces of hard rock gold. It also controls more than 4,000 acres of potentially diamondiferous ground near La Porte, California La Porte is a census-designated place (CDP) in Plumas County, California, United States. The population was 43 at the 2000 census. Geography La Porte is located at (39.681908, -120.984732)GR1. . CONTACT: Brush Creek Mining and Development Co., Inc. Lionel Gosselin, 888/272-7335 Jim Chapin, 916/477-5961 |
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