GREY:ADAIF - Post by User
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maldororon Jun 26, 2006 8:38pm
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Emphasis on two new zones at Beaver Dam
Emphasis on two new zones at Beaver DamThe May 30, 2006 ADA press release No. 13-06 contained the following paragraph : "In addition to drilling in the Main and East Zone, six holes were drilled to test the continuity of known mineralization in the Mill Shaft Zone (three holes) and the North Zone (three holes). These two zones are located approximately 800 meters west and 600 meters north respectively, of the Main Zone, and represent potential satellite gold deposits to the Main Zone. Success in these two areas would be a very favourable development for the Beaver Dam property and could result in a meaningful increase in gold resaources. In this eventuality, and subject to a positive feasability study and governmental approvals, the Beaver Dam property could be host to three separate open pits".
Last week's luncheon presentation contained a slide outlining the position of these potential new zones and Will Felderhof emphasized to look for the result of the six holes drilled in these two areas as positive results would be very significant in terms of additional gold resource potential.
The six holes are out for assay and results are expected to be forthcoming shortly.
Maldoror your obedient servant and penitent sinner.