Complete Assay Results for Diamond Drill Holes BC03-07-14 BC03-14 157.5 feet of 0.735 ounces per ton Au Including 87.0 feet of 1.124 ounces per ton Au.Business Editors 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. 8, 2003 The Board of Directors of International Wayside Gold Mines Ltd., (the Company) (TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. :IWA IWA International Water Association IWA International Webmasters Association IWA Inland Waterways Association (UK) IWA International Windsurfing Association IWA Williams-Gateway Airport ) is pleased to report that the complete assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. results, plan and section maps from Bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West Ledge in-fill drilling on Barkerville Mountain, near Wells, in central 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 have been received for diamond drill holes BC03-07 to BC03-14. An additional eight drill holes BC03-15 to BC03-22 have also been completed with assays and maps pending. As previously stated (see News Release 03-07) the second phase drill program was designed to evaluate a portion of the Bonanza Ledge Zone with 8 holes; each hole was spaced 20 feet apart. The purpose of this drilling was to look at the variability of the 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. in a part of the Bonanza Ledge, verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. the grades and thickness thickness (thik´nes) a measurement across the smallest dimension of an object. triceps skinfold (TSF) thickness of the Zone that was predicted by the resource and mine models (see News Releases 02-26 and 03-03) and gather geotechnical data for the mine planning in the vicinity of the proposed underground bulk sample. The intersections obtained by these holes were larger than both the resource and mine models predicted and therefore it is expected that the tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. of Bonanza Ledge will increase when a new resource estimate is completed. The results, which are some of the best intersections obtained in the drilling on the Bonanza Ledge, are shown in the attached table. BC03-07 and BC03-08 were drilled on the same section line, 20100E. BC03-07 intersected 145.6 feet grading 0.364 oz/ton Au and BC03-08 intersected 184.6 feet grading 0.351 oz/ton Au. The grade and width of the mineralization is very encouraging and correlates well with the drill hole BC02-08 and 02-12 from last year (see News Release 02-16 and 02-21). BC03-09 and BC03-10 were drilled from the same section line, 20080E, which also includes drill holes BC2K-10, 11 and 29 (see News Release 00-12, 00-20 and 00-34). BC03-09 intersected 151.4 feet grading 0.365 oz/ton Au, including 89.8 feet of 0.562 oz/ton Au, which also includes 24.5 feet of 1.168 oz/ton Au. BC03-10 intersected 166.2 feet grading 0.380 oz/ton Au, including 69.4 feet of 0.570 oz/ton Au, and also includes 30.0 feet grading 1.002 oz/ton Au. BC03-11 and BC03-12 were drilled on the same section line 20060E. BC03-11 was the narrowest intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of the holes at 117 feet grading 0.632 oz/ton Au, including 78 feet of 0.91 oz/ton Au, which further includes 34.4 feet grading 1.610 oz/ton Au. BC03-12 intersected 171.0 feet grading 0.709 oz/ton Au, including 103.7 feet grading 1.135 oz/ton Au, which also includes 24.4 feet grading 1.929 oz/ton Au. BC03-13 was drilled on section line 20040E and had an intersection of 158.9 feet grading 0.120 oz/ton Au. This drill hole intersected the lowest grades and also had the weakest alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. . BC03-14 was drilled on section line 20120E and was the highest grade of these eight drill holes. BC03-14 intersected 157.5 feet grading 0.735 oz/ton Au, including 87.0 feet of 1.124 oz/ton Au and further includes 25.3 feet grading 2.242 oz/ton Au. The internal standards submitted by the Company have returned consistent grades with variations in the grade being less than 1% within the eight batches of samples from Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. Laboratories Ltd. These drill holes reported in this News Release have all intersected larger than expected 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. intercepts. Management is encouraged by the results from these drill holes because of the continuity of the grades both down the holes and from hole to hole and the consistent thickness of the mineralized zones. Since the Bonanza Ledge is interpreted as a replacement body that is replacing the fold noses of tight isoclinal i·so·cli·nal or i·so·clin·ic adj. Having the same magnetic inclination or dip. n. See isoclinic line. i folds that in the Bonanza Ledge area are flat lying rod shaped bodies, it is believed that these intersections represent true thickness or as close as true thickness can be estimated in this style of mineralization. The area drilled is part of the area that will be examined by the proposed underground bulk sample. Cross and long sections have been attached for all of these holes so that the continuity of the mineralization can be seen.
GRADE
FROM-TO INTERSECTION oz/ton LENGTH
DRILL HOLE (feet) (feet) Au NORTHING EASTING DIP (feet)
----------------------------------------------------------------------
BC03-07 57.7-203.3 145.6 0.364 2620 20100 -90 306.0
-------------------------------------------
including 57.7-182.4 124.7 0.400
----------------------------------------------------------------------
BC03-08 44.0-228.6 184.6 0.351 2600 20100 -90 336.0
-------------------------------------------
including 95.5-196.0 100.5 0.454
----------------------------------------------------------------------
BC03-09 52.4-203.8 151.4 0.365 2620 20080 -90 316.0
-------------------------------------------
including 114.0-203.8 89.8 0.562
-------------------------------------------
also
including 132.6-157.1 24.5 1.168
----------------------------------------------------------------------
BC03-10 38.6-204.8 166.2 0.380 2600 20080 -90 306.0
-------------------------------------------
including 135.4-204.8 69.4 0.570
-------------------------------------------
also
including 156.7-186.7 30.0 1.002
----------------------------------------------------------------------
BC03-11 35.2-152.2 117.0 0.632 2620 20060 -90 306.0
-------------------------------------------
including 74.2-152.2 78.0 0.910
-------------------------------------------
also
including 79.4-113.8 34.4 1.610
----------------------------------------------------------------------
BC03-12 54.0-225.0 171.0 0.709 2600 20060 -90 306.0
-------------------------------------------
including 54.0-157.7 103.7 1.135
-------------------------------------------
also
including 119.4-143.8 24.4 1.929
----------------------------------------------------------------------
BC03-13 42.9-201.8 158.9 0.120 2600 20040 -90 226.0
-------------------------------------------
including 75.4-201.8 126.4 0.131
----------------------------------------------------------------------
BC03-14 54.4-211.9 157.5 0.735 2620 20120 -90 306.0
-------------------------------------------
including 54.4-141.4 87.0 1.124
-------------------------------------------
also
including 75.1-100.4 25.3 2.242
----------------------------------------------------------------------
Table of Drill Intersections for News Release 03-13 ON BEHALF OF THE BOARD OF DIRECTORS J. FRANK CALLAGHAN Cal·la·ghan , (Leonard) James Born 1912. British prime minister (1976-1979) who as Chancellor of the Exchequer (1964-1967) introduced controversial tax measures. , President and Chief Executive Officer This News Release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein, and takes no responsibility for such information. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion