Sep 10
8
Silver Quest’s new flow continues with some great results this morning that increased the depth of the deposit by approximately 70 metres on the west side. The three drill holes that were released today all have significantly long intercepts including 101 metres of 1.60 g/t of gold equivalent, 301.5 metres of 0.88 g/t gold equivalent and a total of 128 metres in the third hole with a weighted average grade of 0.71 g/t gold equivalent. These kinds of results are impressive in their length, grade and continuity.
The goals of the Capoose program are to continue to expand the resource in all directions (including at depth) and to increase the size of the inferred resource. With drill results like these, where the entire hole is mineralized from top to bottom, this is an easy goal to accomplish. All seven drill holes released so far from this year’s drill program have been mineralized from top to bottom and have expanded the resource to the south, west and at depth.
The added bonus to this project is the pockets of high grade materialization in the form of massive sulphide stringers and gold mineralization forming along sulphide veins and within garnet clots. These pockets produce values such as 8.9 g/t gold and 427 g/t silver. This particular intersection was over a 6 metre interval and works out to be approximately $650 rock. It’s hard to ask for more than that!
I look forward to seeing the rest of the pending assays form Capoose as well as the drill intersections from the Boulevard and Prospector Mountain projects in the Yukon. There is still plenty of upside potential for Silver Quest, as they have completed enough work this summer that their news flow is expected to last well beyond Christmas.
