Canadian Mining Journal

News

GOLD: Colorado reports high grades from Inel zone at KSP



BRITISH COLUMBIA – Colorado Resources, a junior with offices in West Kelowna, BC, is finding very good gold grades in cores from the Inel zone at the KSP property 15 km from the former Snip mine. Colorado holds an 80% option from property owner Seabridge Gold.

Colorado has received assays from the first eight drill holes of the 5,000-metre phase one work. Here are the results:

  • Hole16-001 – 11.0 metres at 6.12 g/t Au including 3.0 metres at 8.60 g/t;
  • Hole 16-002 – 5.6 metres at 6.27 g/t Au including 2.0 metres at 15.65 g/t;
  • Hole 16-003 – 2.0 metres at 18.70 g/t Au and 8.0 metres at 9.99 g/t including 2.0 metres at 24.10 g/t;
  • Hole 16-004 – 1.0 metre at 10.20 g/t Au and 1.0 metre at 15.70 g/t;
  • Hole 16-005 – 0.7 metre at 13.65 g/t Au;
  • Hole 16-006 – 5.4 metres at 5.70 g/t Au including 1.4 metres at 13.70 g/t;
  • Hole 16-007 – 1.0 metre at 5.57 g/t Au; and
  • Hole 16-008 – 2.0 metres at 8.70 g/t Au.

A thorough discussion of the Inel zone is available in the presentation at www.ColoradoResources.com/i/pdf/KSPInelPresentation_2016.pdf.