Friday, 20 July 2012

Summer drilling update (Waterbury): Three Holes with "Off-Scale" Radioactivity Enhance J Zone

If you haven’t read our latest press release yet, I know you’ll be pleased to hear that our Waterbury Lake Summer drilling program is progressing very well indeed. I recommend you check out the press release for the details but in the meantime, here’s a quick overview:

Three of our drill holes, WAT12-312, 316, and 309, completed in the J Zone Area “B” (WAT12-312 and 316) and the J Zone Area “A” (WAT12-309), have intersected wide intervals of well-developed mineralization at the unconformity, including 16.50m, 13.00m, and 3.00m respectively.

Variable radioactivity, ranging from moderate to strong, including discrete intervals of “off-scale” (>9999 cps), was observed in the unconformity related mineralization.
Hole WAT12-312 is a step-out hole that has expanded the J Zone Area “B” laterally to the north on L420W
Hole WAT12-316 is an infill hole designed to close a gap in the mineralization between Line 300W and Line 315W.
Hole WAT12-309 an infill hole on Line 015W in the northeast part of J Zone Area “A” between Hole WAT10-068 and 070B.
These three drill holes have successfully identified significant mineralization in the main deposit, with Hole WAT12-316 expanding the J Zone boundary to the north along Line 420W in the central part of J Zone Area “B”.

Be sure to check out the press release  for Data summaries as well as more detailed data tables and as ever, if you have any questions be sure to get in touch.

Dev Randhawa