Big greek has a good sense of what isgoing on, Good results for a start according to the press release. 12 meters is a good sign.
wally
......................................................
2004-01-29 17:07 ET - News Release
Mr. Ronald Bradshaw reports
FRANKFIELD DRILLING-GOOD GOLD WIDTHS IN FIRST HOLE
On behalf of the joint venture partners, Gowest Amalgamated Resources and New Texmont Explorations Ltd. (50/50), Gowest has presented the assay results from the initial hole 04-01 in its first stage of drilling.
This hole was drilled south at 55 degrees to intersect the gold-bearing horizon at a vertical depth of 150 metres. Wide sections, including 8.0 and 28.9 metres, of mineralized rock having anomalous gold content were encountered. Between 173.5 and 197.5 metres down the hole, significant gold intersections are as follows:
from 173.5 to 185.5 metres, 2.93 grams per tonne gold over 12 metres; including
from 173.5 to 181.5 metres, 3.68 grams per tonne gold over eight metres; and
from 192.5 to 197.5 metres, 4.24 grams per tonne gold over five metres; including
from 192.5 to 196.5 metres, 4.93 grams per tonne gold over four metres.
Within the eastern sector of the deposit, hole 04-01 is located in an unexplored vertical area, roughly 200 metres square. The closest previously drilled hole, 88-9, had an intersection of 7.77 metres averaging 3.32 grams per tonne, 40 metres above the five-metre section described in 04-01. The 12-metre intersection in 04-01 upper would represent a new zone.
The company's objective is to establish a gold resource. The plan, therefore, is designed to have holes intersect the mineralized zone at 50-metre intervals both horizontally and vertically.
Scattered reconnaissance drilling indicates a gold mineralized zone at least 500 metres long and 600 metres deep. The stratabound nature of the zone, consisting of irregular quartz carbonate sericite and heavy sulphides in a tuffaceous bed lends itself to good continuity, exceptional widths and lower but more uniform grades. For example, in hole 89-3, a width of 22.65 metres averaged 5.45 grams per tonne gold at a depth of 500 metres.
The program and disclosure of results are being undertaken according to National Instrument 43-101 protocol. The assay work is being performed by Swastika Laboratories Ltd. using the standard fire assay method.