Waseco Resources Inc. (WRI.V) today reported the results of Hole
#5 from its diamond drill program at Battle Mountain Ridge, (
) in Nevada.
Hole #5 (drilled at -55 degrees to the east) returned an
intersection of 25.39g/t Au (0.9 oz/t) over 3.7m (12 feet) in the
interval 150-153.7m down hole (450-465 feet).
This interval included intersections of:
47.6 g/t Au (1.68 oz/t) over 0.9m (3 feet) and
61g/t Au (2.15 oz/t) over 0.6m (2 feet)
"This hole is exceptional in that it has intersected the highest
grade gold mineralization reported from any known exploration
program completed on the property to date," Waseco said in a
statement. The high grade zone remains open laterally and to depth.
An upper zone, higher in the hole, between 128-141.72m (420-465
feet), returned gold values averaging of 1.82g/t Au (0.06oz) over
13.72m (45 feet).
Shares are up 38% to 11 cents, bringing Waseco nearer a yr high
of 14 cents. 106,000 shares have changed hands.
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