Sign in Subscribe
Mining industry

International Wayside Gold Mines Ltd. Announces Surveying and Exploration Progress at Cariboo Gold Project

Strategic Insights

— 1 min read

International Wayside Gold Mines Ltd. has announced significant progress in its exploration and development activities at the Cariboo Gold Project in central British Columbia. The company has initiated surveying of the proposed Bonanza Ledge Pit area and has started forestry logging to prepare the site for future mining activities. Additionally, the exploration drill road and pad building on the Bonanza West permit is nearing completion, and diamond drilling has resumed at the newly discovered mineralized zone on the Mucho Oro Claim-Phase 2 work program.

Key Takeaways:

  • The company has started surveying the proposed Bonanza Ledge Pit area and conducting forestry logging to prepare the site for future mining activities.
  • The exploration drill road and pad building on the Bonanza West permit is nearing completion, and diamond drilling has resumed at the Mucho Oro Claim-Phase 2 work program.
  • Two drill holes have been completed to date in a proposed 13,000 foot drill program, which will total 39 drill holes, from 14 drill sites spaced on 100 foot intervals along strike.
  • The company's 100% optioned property "The Cariboo Gold Project" encompasses 574.8 km² and is located at Wells near Barkerville Historic Town in central British Columbia.
  • The property has a rich history of gold production, with recorded production of 3.8 million ounces, including 2.6 million ounces from placer mining and 1.2 million ounces from lode mining.

Statistics:

  • The company has commenced surveying of the proposed Bonanza Ledge Pit area.
  • A total of 39 drill holes are planned as part of the 13,000 foot drill program.
  • The drill program will consist of 14 drill sites spaced on 100 foot intervals along strike.
  • Recorded production from the Cariboo Gold Camp is 3.8 million ounces, including 2.6 million ounces from placer mining and 1.2 million ounces from lode mining.

Sources:

  • International Wayside Gold Mines Ltd.
  • CCNMatthews (published on Oct 2, 2006)

Read more