+ Energold Drilling Corp. - News Releases - San Antonio I Concession Drill Results - Thu Dec 12, 2019

News Releases


 June 15, 2000
San Antonio I Concession Drill Results

 The Company has received from Atna Resources Ltd. assay results from a ten-hole, 1976 metre, phase III drill program on the San Antonio I Concession, a volcanogenic massive sulphide property located in the Dominican Republic (results tabulated below).

Drill hole SA00-19 tested a geochemical and geophysical anomaly midway between previously defined mineralization within the Copper and Parcela zones. This hole intersected significant thickness' of mineralized siliceous exhalite which included 1.2 m of semi-massive and massive sulphide mineralization grading 1.43% Cu, 6.26% Zn, 77.0 g/t Ag, and 1.43 g/t Au. Drill hole SA00-21 collared 100 m west of hole 19 cut similar mineralization, including 1.4 m of semi-massive sulphide grading 0.75% Cu, 2.91% Zn, 136.4 g/t Ag, and 2.13 g/t Au.

Drill hole SA00-22 which was drilled down dip from previously intersected massive sulphide mineralization in the Parcela zone, intersected 3.4 m of semi-massive to massive sulphide grading 2.71% Cu, 1.85% Zn, 26.8 g/t Ag, and 0.48 g/t Au.

Hole SA00-25 drilled in the Copper zone, cut 2.8 m of semi-massive sulphide mineralization grading 1.12% Cu, 3.18% Zn, 11.4 g/t Ag and, 1.61 g/t Au.

San Antonio Project: Significant Phase III Drill Results (Please see table below)

These current results confirm the presence of volcanogenic massive sulfide mineralization over large sections of the property. None of the deposits discovered to date appear to reach an economic size threshold. Data from all drilling and previously conducted geological and geochemical surveys are being compiled to determine what further work may be warranted. A drill hole plan map is available upon request.

Drilling was conducted by Kluane International Drilling Inc., Energold 50% owned contract drilling company specializing in manually portable hydraulically power diamond drill rigs. Atna can earn a 60% interest in the San Antonio I Concession from Energold Mining Ltd. by completing US$3 million in exploration expenditures and paying Energold US$300,000 in shares over a four year period. To date Energold has received 144,769 shares of Atna as payment of the first two options payments.

On behalf of the Directors

Frederick W. Davidson
Director and CFO

The Canadian Venture Exchange has neither approved nor disapproved this news release.

For further information
Please contact:

Fred Davidson
Walter Sellmer
900 - 543 Granville St.
Vancouver, B.C. V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
www.energold.com
energold_mining@telus.net
 
 

You can view the Next News Releases item: Wed Jun 28, 2000, Kluane International Drilling Inc.

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