Botwood Basin

[SurfaceProbe]

Baie Verte overtakes Botwood in the limelight for now


See 2003-07-21 Altius Minerals News Release: Altius begins drilling at Rambler property
which covers the northern portion of the Rambler mining camp near Baie Verte, Nfld. The Rambler camp has a long history of copper and gold production from a cluster of volcanogenic massive sulphide (VMS) deposits...

Among the Three key areas have been identified for drill testing.

2. Near the end of mining at Ming, an exploration drift was completed at the 1,800 level to test beyond the northwest margin of the deposit. It encountered spectacular native gold mineralization (photo included in Web site presentation). A drill hole located several hundred metres up-plunge from this drift was reported to have intersected 31 g/t gold (0.9 ounce/ton) over 2.1 metres (seven feet) and a chip sample from another exploration drift located several hundred metres down-plunge returned 17.2 g/t gold (0.5 ounce/ton) over 2.7 metres (nine feet). These zones represent stand-alone gold exploration targets...

A detailed summary of the opportunity, including maps and sections, is available for viewing at http://www.altiusminerals.com. The NR is <www.altiusminerals.com/files/PR0311.pdf>
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Brian Dalton has remarked in a conversation back in Spring that Rambler is his favorite due to the hi grade Cu and native gold. The question was posed in the context of all the prospects in Nfld including Botwood.

Interestingly Grayd Resource Corporation (TSX-V: GYD) announced in the July 17, 2003 NR that a new high grade showing was discovered during a recently completed geological mapping and prospecting program on the Dorset property, near Baie Verte, Newfoundland. Two Grab samples taken from a 1 to 2 metre block of quartz vein returned gold values of 18.7 and 10.9 g/t...

Full text can be read at
<http://www.grayd.com/s/NewsReleases.asp?ReportID=65147&_Title=New-High-Grade-Gold-Discovery-On-D....

No imminent drilling program there yet.

From the map, GYD's Dorset is to the West of Altius' Rambler