- Products & Services
- Knowledge Base
/24-7PressRelease.com/ - November 1, 2004 - John H. McAdam, President of Boulder Mining Corporation (TSX V: BDR) is pleased to report further strong gold values from four more large samples on the Downstream Bench Deposit on the Indian River Gold Project in the Yukon. As in the previous large samples, a distinct and strong population of coarser gold is contributing strongly to the grade of the deposit. This coarse gold may not be far from source especially since the gold sometimes has quartz associated with it.
Presented below are the recovered gold values from each of the next four sites. As described in previous releases, the Company feels that a preliminary potential cutoff grade is 0.1 gram per tonne (0.2 gram per cubic metre).
Sample Location Weight Thickness Recovered Grade
(grams (grams per
(kilograms) (metres) per tonne*) cubic metre**)
Site 5 50+72E: 1+04N 18,648 1.68 0.129 0.258
Site 6 55+23E:1+55N 14,442 1.56 0.052 0.104
Site 7 51+97E:1+10N 38,911 2.87 0.193 0.386
Including 20,287 1.08 0.453 0.906
Site 8 49+72E:0+95N 40,197 3.65 0.288 0.576
Including 21,045 1.68 0.562 1.124
Including 14,132 1.01 0.856 1.712
*raw weight of gold which does not account for the purity of the gold itself.
** assumes a bulk density of 2 tonnes per cubic metre.
A total of 11 sites have been sampled (but not yet fully processed) of which, the first 9 were in the eastern portion of the Downstream Bench and the last two were at the western portion of the Downstream Bench. The data collected during the current phase of work will be the foundation of building a gold reserve at Indian River.
The program is being conducted under the supervision of independent consultants. A large backhoe was used to dig pits at numerous sites on the Downstream Bench to carefully and precisely obtain large samples of each gravel unit present. The program began in an area with easy access and shallow gravel depths for better control while setting the sampling protocol. The samples of each gravel unit are processed in a small sampling plant, which generates a gold concentrate. The gold is then recovered using a concentrating table. The gold is weighed and then related back to the original weight of that particular sample taking into account its moisture content. The pitting and processing are being done under the direction of independent consultants. Nelson Baker, B.Sc., P.Eng, V.P. Exploration is the Qualified Person for this Project.
Boulder Mining is earning a 70% interest in the Indian River Property from Western Prospector Group (TSX V: WNP). Boulder Mining Corporation is also earning an interest in the Tevrede IOCG (Iron Oxide Copper Gold) project in Namibia. For further information please contact Brad Aelicks, VP Corporate Finance at (604) 899-4300. The Company also maintains a website at www.bouldermining.com.
On behalf of the Board of Directors
Boulder Mining Corporation
â€œJohn H. McAdamâ€
President and Director
# # #