International Wayside Gold Mines Ltd.: Cariboo Gold Project 2004 Highlights Bulk Sample Progress Exploration Drilling Resumes.VANCOUVER, 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 -- The Board of Directors of International Wayside Gold Mines Ltd. (the Company) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IWA IWA International Water Association IWA International Webmasters Association IWA Inland Waterways Association (UK) IWA International Windsurfing Association IWA Williams-Gateway Airport ) wish to report on the Cariboo Gold Project including the 2004 work program, the Bonanza Ledge under-ground bulk sample obtained during the year and progress on permitting both the 70,000 tonne per year mine permit for Bonanza Ledge on Barkerville Mountain and the 1500 tonne per day mine permit for Cow Mountain. Bonanza Ledge Bulk Sample - Continuation of underground access development for 175 meters, development of 3 stopes Stopes , Marie Carmichael 1880-1958. British social reformer who opened England's first birth control clinic (1924) in London and later promoted family planning in east Asia. and mining of the 11,982 tonne bulk sample, completed on July 11. - Trucking the bulk sample 256 kilometers to the Mt Polley Mill for processing, was completed on July 30, 2004 - The bulk sample was processed from September 27 through October 3, 2004. - Shipping of the concentrate to the rail load-out in Ashcroft, British Columbia Ashcroft (2006 Population 1,664) is a village in central British Columbia, Canada. It is located at latitude 50°43'00" and longitude 121°17'00". It is km ( mi) downstream from the west end of Kamloops Lake, at the confluence of the Bonaparte and Thompson Rivers, and is was completed on January 30,2005 - Shipping of the concentrate via CN Rail to Noranda, Quebec for smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. will commence on March 12, 2005. Bonanza Ledge Deposit Core Drilling - 52,242 Feet (15,924 Meters) - 73 underground deposit definition holes, totaling 20,459 feet (6,236m) - 60 surface deposit definition holes, totaling 25,551 feet (7,788m) - 17 surface engineering holes totaling 6,232 feet (1,900m) - Drill hole assay results may be viewed at www.wayside-gold.com Bonanza Ledge Trenching - 3 trenches, 7 meters deep, totaling 55 meters in length, to define top of Bonanza Ledge Deposit at bedrock surface
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TRENCH INTERCEPT GRADE DESCRIPTION OF CHANNEL SAMPLES
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#1 Northeast and East of the 20,100E stope
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9 feet (2.7m) 11.0 g/t Au Closest the 20,100E stope
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3 feet (0.9m) 23.8 g/t Au 10 feet east of the
previous channel
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30 feet 26.8 g/t Au South of first channel,
(9.1m) close to the 20,100E stope
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15 feet 18.3 g/t Au 10 feet east of
(4.6m) the previous channel
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#2 Southwest of the 20,100E stope
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9 feet (2.7m) 97.4 g/t Au Closest to the 20,100E stope
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15 feet 26.7 g/t Au 10 feet to the west of
(4.6m) the previous channel
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6 feet (1.8m) 19.6 g/t Au 20 feet to the west of the
first channel
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9 feet (2.7m) 7.1 g/t Au Also in the previous channel
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#3 Centered approximately 150 feet east of the 20,100E stope
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6 feet 11.3 g/t Au Channel just west of the
center of the trench
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Several scattered samples between 1 g/t and 5 g/t Au
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Road Improvements - The access road along the south side of Lowhee Creek drainage was improved by widening, ditching and the installation of culverts, over a distance of 14,600 feet (4,450m). Exploration Drilling - Myrtle Target - 5 holes totaling 2,630 feet (802m) - Goldfinch goldfinch: see finch. goldfinch Any of several species (genus Carduelis, family Carduelidae) of songbirds that have a short, notched tail and much yellow in the plumage. Target - 6 holes totaling 2,712 feet (827m) - lies 1,200 feet northwest of the Bonanza Ledge deposit - Drill hole assay results may be viewed at www.wayside-gold.com Prospective Targets - Lowhee Target - Geologic mapping and geochemical sampling, with several multi-gram gold assays, and a high of 18.1 g/t. Au Visible gold was noted in the outcrop at the Butts Zone. The Lowhee soil grid, extended to cover the area north and east of the Butts Zone, yielded several areas of anomalous gold in the 100's of ppb ppb abbr. parts per billion Au, with a high value of 720 ppb Au. This target lies between 2,000 and 6,000 feet northwest of the Bonanza Ledge deposit. - Cow Mountain / Wells Trend - Several zones of alteration were channel sampled along the road cuts on the east side of Cow Mountain, including a 600 foot zone within the Wells Trend soil, geophysical and radiometric anomaly, which lies in the same stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the as the Bonanza Ledge deposit. One five foot sample assayed 6.28 g/t gold. - Waoming Target - A review of data showed that hole BC-01-08, drilled 600 feet east of the Bonanza Ledge deposit, in the vicinity of the Waoming Fault, intersected 15 feet (4.6m), grading 15.5 g/t Au, from 35 to 50 feet. This intercept was not offset, with the nearest hole being 200 feet away. Permitting Bonanza Ledge-Barkerville Mountain - Refurbished IWA weather stations - Developed conceptual Bonanza Ledge mine plan - Completed soils mapping at Bonanza Ledge - Completed preliminary rare plant assessment at Bonanza Ledge - Installed groundwater monitoring wells - Completed conceptual water balance and hydrological hy·drol·o·gy n. The scientific study of the properties, distribution, and effects of water on the earth's surface, in the soil and underlying rocks, and in the atmosphere. assessment - Obtained discharge permit for bulk sample - Carried out monthly surface water quality monitoring - Completed fish distribution and population, benthic ben·thos n. 1. The collection of organisms living on or in sea or lake bottoms. 2. The bottom of a sea or lake. [Greek. invertebrates and periphyton pe·riph·y·ton n. Sessile organisms, such as algae and small crustaceans, that live attached to surfaces projecting from the bottom of a freshwater aquatic environment. survey for Bonanza Ledge - Submitted Bonanza Ledge prospectus to Ministry of Energy and Mines(MEM (MicroElectroMechanical) See MEMS. ) Sept. 30 - Public meeting was held November 3 to discuss 70,000 tonne mine permit for Bonanza Ledge on Barkerville Mountain - Winter track survey and stick nest survey completed Permitting Cariboo Gold-Cow Mountain - Developed impact assessment framework - Compiled all baseline information from previous studies - Created electronic archive of all environmental studies - Public Meeting was held February 17, 2005 to discuss Terms of Reference Terms of reference allude to a mutual agreement under which a command, element, or unit exercises authority or undertakes specific missions or tasks relative to another command, element, or unit. Also called TORs. for 1500 tonne per day mine permit Planned for 2005 - Bonanza Ledge-Barkerville Mountain - Metal-Leaching/Acid Rock Drainage Program - Detailed mine design (organic stockpile stock·pile n. A supply stored for future use, usually carefully accrued and maintained. tr.v. stock·piled, stock·pil·ing, stock·piles To accumulate and maintain a supply of for future use. , pit design, ore storage, waste rock dumps, haul roads) - Basic air quality and noise modeling - Rare plant survey - Detailed water balance and surface water management design - Detailed surface water quality monitoring program - Compile relevant information on land use, community, economy - Complete Bonanza Ledge development approval process - Commence Bonanza Ledge open-pit development Planned for 2005 - Cariboo Gold-Cow Mountain - Finalize Terms of Reference (anticipated March 31, 2005) - Commence studies outlined in Terms of Reference - Drilling approximately 34,000 ft. - 67 holes Other 2005 Plans - Build an exploration road into the Lowhee Target - several high-quality geochemical and geophysical anomalies - Drill-test Lowhee Target (in progress) - Phase 1 with 20 holes (10,000 feet), 6 holes completed, with results pending - Drill Wells Trend Target, and offset gold hits on the Goldfinch and Waoming Targets Mr. Ed Mr. Ed the talking horse. [TV: Terrace, II, 116–117] See : Horse Gates, BSc, MS, has reviewed this News Release as the qualified person required under National Instrument 43-101. The Cariboo Gold Project is located near Wells and adjacent to the historic town of Barkerville, the terminus of the Cariboo Gold Rush The Cariboo Gold Rush was a gold rush in the Canadian province of British Columbia. Although the first gold discovery was made in 1859 at Horsefly Creek by Peter Dunlevy, followed by more strikes at Keithley Creek and Antler Creek in 1860, the actual rush did not begin until 1861, of the 1860's. The project encompasses the former producing Cariboo Gold Quartz Mine, and the Hardscrabble hard·scrab·ble adj. Earning a bare subsistence, as on the land; marginal: the sharecropper's hardscrabble life. n. Barren or marginal farmland. Adj. 1. Tungsten Mine on the property of International Wayside Gold Mines Ltd (IWA-TSXV); the Aurum, Island Mountain, and the Mosquito Creek Mosquito Creek may refer to:
The Cariboo Gold Project's land holdings now cover 456 square kilometers (170 square miles) covering 57 kilometers (34 miles) in length and over 8 kilometers (5 miles) in width. In the Barkerville Camp, 79 creeks have reported placer gold production. Recorded production from the area was 3.8 million ounces of gold (2.6 million ounces from placer and 1.2 million ounces from lode mining. ON BEHALF OF THE BOARD OF DIRECTORS J. Frank Callaghan President and 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. 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 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. has neither approved nor disapproved of the information contained herein. International Wayside Gold Mines Ltd. (TSX VENTURE:IWA) |
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