YUKON - Vancouver-based BOULDER MINING CORP. is moving forward towards test mining its Indian River alluvial gold project in the heart of the historic Klondike gold camp. Located 30 km south of Dawson City, the company is acquiring a 100% interest in the 21-km-long portion of Indian River, which has produced over 200,000 oz of gold over the past two decades. Boulder estimates that the project has the potential to yield another million ounces.
The company is moving forward with both a sampling and test mining program at the project. It has established a 12-person camp, built a sampling facility including a Deister concentrating table. To facilitate test mining, Boulder has excavators, pumps and piping, and a completed tailings area on the site. It is installing a screening recovery plant that will have a capacity of 450 tonnes/hour when completed.
Test mining and processing will begin in the West Pit area. The front of the pit area has thin gravel but it is known to be substantially thicker further back. The Rock Truck area overlies the sediment/Klondike Schist bedrock contact zone, which will be very interesting as it relates to a bedrock source of gold. There is evidence that low angle thrust faulting is present and the contact may potentially be a conduit for gold-bearing fluids, according to Boulder.
The history of the claims has led Boulder to consider the hardrock potential at Indian River. It has unearthed reports of shafts on the site and grades of 3.4 to 10.4 g/t Au during the early years of the 20th Century. A conglomerate unit of Eocene age underlying portions of the area contains gold indicators, and the company says that there may be an epithermal gold target as well.
Photos of the project are posted at www.BoulderMining.com in the Gallery section.
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