Columbia Gold-Drilling Report-Finlayson-Fyre Lake Area, Yukon.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Sept. 27, 1996-- COLUMBIA Columbia, cities, United States Columbia (kəlŭm`bēə). 1 City (1990 pop. 75,883), Howard co., central Md., between Washington, D.C., and Baltimore. GOLD MINES (VSE See DOS/VSE. VSE - Virtual Storage Extended :COB) Exploration at Columbia Gold's Fyre Lake massive sulphide sulphide: see sulfide. project is into its third month, with 67 diamond drill holes now bored into the Kona Kona (kō`nə), district, along the western coast of the island of Hawaii. It is Hawaii's coffee belt and the only coffee-producing area in the United States. The Kona coast, with fine deep-sea fishing offshore, is a favorite tourist spot. deposit. All drilling to date, over a 1.2 kilometre strike length, has yet to define the ultimate limits of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . Additional encouragement is being met as recent drilling indicates thicker zones of massive sulphide mineralization within southern and western extensions of the Kona deposit. During the past week drill hole 96-65, a 200 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, step-out to the south, intersected approximately 40 metres (130 feet) of massive sulphide zone. Drill hole 65 indicates the Kona deposit to be thickening thick·en·ing n. 1. The act or process of making or becoming thick. 2. Material used to thicken: stir in a thickening of flour and water. 3. A thickened part. to the south while still remaining "open" along strike. As well, the deposit remains open to the west and north. Recently completed holes 66 and 67 stepped out 100 metres to the west and intersected 30 and 40 metre massive sulphide intervals indicating an apparent thickening to the west. This drilling brings the potential width of the Kona zone up to 300 metres. Assays from holes 61 through 67 should be available in three weeks. Drill holes 96-49, 52, 53, 55, 56, 57, 58, and 59 represent in-fill drilling within the northern part of the presently defined Kona deposit where near-surface mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. intervals have an average thickness of 6 metres. Results of which follow. -0-
HOLE INTERCEPT (m) INTERVAL (m) ASSAY
Gold Copper
(g/T) (p.c.)
96-49 28.5 - 34.5 6.0 0.19 0.95 96-53 43.7 - 49.9 6.2 0.19 1.71 96-55 16.1 - 24.7 8.6 0.38 1.36 96-56 39.4 - 45.9 6.5 0.68 3.13 includes 39.4 - 42.5 3.1 1.10 5.17 96-57 24.5 - 30.7 6.2 0.35 1.71 96-59 32.4 - 38.0 5.6 0.54 1.44
Tabled below are assays for drill holes 96-50, 51, 54 and
60, drilled in the southern part of the Kona along its eastern
margin. These results indicate a thinning of the upper and lower
horizons as they approach their eastern limits.
HOLE ZONE INTERCEPT (m) INTERVAL (m) ASSAY
Gold Copper
(g/T) (p.c.)
96-50 Upper 124.4 - 138.5 14.1 0.46 1.99
includes 133.5 - 137.5 4.0 0.54 3.72
Lower 181.4 - 183.0 1.6 1.42 1.61
96-51 Upper 116.1 - 130.5 14.4 0.35 1.21
includes 116.1 - 122.5 6.4 0.68 1.89
96-54 Lower 207.2 - 212.7 5.5 1.36 1.72
96-60 Upper 184.5 - 190.6 6.1 0.38 1.00
Lower 233.9 - 238.3 4.4 1.35 1.79
Assays have been received for drill holes 96-46 through 96-60.
Drill holes 96-46, 47, 48, 52 and 58 are not reported, having
intersected mineralization grading less than one percent copper.
In summary, the eastern edge of the upper and lower horizons of
the Kona deposit are being defined. The northern extension is still
open with near surface 3.1 metre intervals reaching 5.17 percent
copper and 1.10 grams gold. Recent drilling is indicating a marked
thickening of mineralization to the west and south.
It is Columbia Gold's objective to define one or more massive
sulphide deposits at Fyre Lake that will total in excess of 20
million metric tonnes with lower grade mined by open pit and deeper
higher grade zones mined from underground. Upon completion of this
season's drilling, scoping studies will be undertaken in order to set
economic parameters for guiding continued reserve definition drilling
during 1997.
Columbia Gold Mines Ltd. Symbol-COB (VSE resource board) Shares Outstanding 12.9 million Fully Diluted 19.1 million Trading Range (August-September) CDN$0.56 - $1.22 ON BEHALF OF THE BOARD OF DIRECTORS John S. Brock brock n. Chiefly British A badger. [Middle English brok, from Old English broc, of Celtic origin.] President -0- The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed, and does not accept responsibility, for the accuracy or adequacy of this news release. CONTACT: Columbia Gold Mines Ltd. Brent Brent, outer borough (1991 pop. 226,100) of Greater London, SE England. The area is a rail and industrial center. Its manufactures include automobile parts, clocks and watches, and electrical equipment. Bagshaw, 604/687-4951 604/687-4991 (Fax) 800/403-2988 (Toll Free) |
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