Gold-Ore drills 4.6 m of 37.96 g/t Au at Bjorkdal mine
2006-09-20 10:19 ET - News Release
Mr. Robert Wasylyshyn reports
GOLD-ORE RESOURCES LTD.: DRILLING CONFIRMS EXTENSION OF GOLD MINERALIZATION, BJORKDAL GOLD MINE, SWEDEN
Gold-Ore Resources Ltd. is releasing assay results from the initial 34 holes of the phase 1 underground drill program at the Bjorkdal gold mine in Sweden. Gold-Ore has an option to purchase 100 per cent of the project from Minmet PLC of Dublin, Ireland (see Stockwatch news Jan. 23, 2006).
The company initiated a phase 1 program in March, 2006, that includes excavation of 900 metres of tunnels and a minimum 8,000 metres of underground diamond drilling. To date, a total of 780 metres of tunnelling and 3,500 metres of core drilling are complete.
The underground drilling is testing the mineralized zone extending north from the bottom of the open pit. The drill intersections are within 50 metres above and below the level of the access tunnels. The phase 1 program is testing approximately 10 per cent of the prospective target areas at Bjorkdal. Management is pleased with the initial results and the high-grade gold values and widths provide several options for mining methodologies.
Drill results
Assay results confirm the persistence of significant gold mineralization to the north of the open pit and that the majority of the gold is contained within vein sets. High-grade gold values are associated with near-vertical quartz veins. The drilling is now defining the vein sets along strike and in the vertical dimension.
SIGNIFICANT DRILL INTERSECTIONS
Core True Gold
From To interval width grade
Drill hole (m) (m) (m) (m) (g/t)
2006-003 6.0 9.0 3.0 3.0 3.34
2006-003 51.0 53.2 2.2 2.2 6.27
2006-004 6.0 8.0 2.0 1.8 3.41
2006-004 45.0 48.0 3.0 2.7 11.81
2006-008 17.0 20.0 3.0 2.6 3.11
2006-008 33.0 39.0 6.0 5.2 10.72
2006-008 84.0 86.0 2.0 1.7 3.83
2006-010 25.0 27.0 2.0 1.7 4.04
2006-011 90.0 94.7 4.7 4.7 5.74
2006-011 111.0 113.0 2.0 2.0 5.47
2006-012 32.0 34.0 2.0 2.6 4.77
2006-012 79.4 83.0 3.6 3.1 4.86
2006-013 4.0 6.1 2.1 1.8 2.79
2006-014 1.0 4.0 3.0 3.0 24.73
2006-014 24.0 26.2 2.2 2.2 5.81
2006-014 32.0 34.0 2.0 2.0 3.45
2006-015 59.0 62.0 3.0 2.6 12.26
2006-020 19.9 23.6 3.7 2.4 26.18
2006-020 28.0 32.0 4.0 2.6 5.80
2006-024 0.0 3.6 3.6 2.9 4.54
2006-024 26.5 30.0 3.5 2.9 17.12
2006-025 47.4 52.0 4.6 4.6 37.96
2006-025 84.0 86.0 2.0 2.0 6.21
2006-026 27.0 32.0 5.0 3.6 4.43
2006-027 67.0 69.0 2.0 2.0 12.46
2006-028 36.0 38.0 2.0 1.7 3.62
2006-028 55.0 63.0 8.0 6.6 3.80
2006-030 4.0 7.0 3.0 2.5 13.61
2006-031 58.0 60.0 2.0 2.0 3.26
2006-032 4.0 6.0 2.0 1.6 3.95
2006-034 1.6 5.0 3.4 2.2 2.59
2006-034 17.9 20.0 2.1 1.3 5.47
Prefeasibility study
A prefeasibility study to address reactivation of the mine is under way by on-site staff and the company's consultant mining engineer. Operating costs for the mill are well understood and are based on the last five years of the mine's financial statements. Capital and operating costs for various mining scenarios are being assembled and will be released when completed.
Gold sales from underground bulk samples
The tunnels excavated provide access for core drilling and were positioned on the projection of the mineralization from the open pit. The rock removed was processed in campaigns at the Bjorkdal mill and resulted in the recovery of 2,000 ounces of gold. The gold was sold at spot prices and, to date, generated $1.15-million (U.S.) which has significantly offset exploration costs.
Sample protocol
All drill core is logged, photographed and sawn on-site, then transported by company personnel to the ALS Chemex lab in Pitea, Sweden. The half core is crushed and pulverized and a 500-gram split is assayed by an accelerated cyanide leach (bottle roll). This method was selected as the large sample assayed minimizes the nugget effect and provides for a more reliable assay. A rigorous quality-control/quality-assurance program is employed and involves the insertion of blanks, certified standards and field and lab duplicates.
Robert Wasylyshyn, PGeo, is the company's qualified person for the Bjorkdal project.