Parallel Vein High Grade Au Intersected At Winston Project
WINNIPEG, MB - Winston Gold Corp. has intersected high-grade gold while drilling the western extension of the Parallel Vein system on its Winston Gold Project near Helena, Montana. Underground drill hole W120 cut through the Parallel Vein 105 ft (32 metres) ahead of, and 87 ft (26.5 metres) below the current development face of the Parallel vein on the 4637 level. The combined weighted average of the drill intercept is 0.664 opt gold (22.77 g/t gold) and 3.14 opt silver (107.65 g/t silver).
"This is a significant intercept, sad, Murray Nye, CEO and Director. "It clearly shows that gold mineralization in the Parallel vein continues to the Southwest and at depth." The current underground drilling program is proving the continuity of the Parallel Vein system as it trends towards the Southwest and gets closer to the Block 93 Vein system. Winston is now drilling a flat (horizontal) underground hole 80 ft (24.4 metres) in front of the 4637 drift face of the Parallel West development drift.
All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the on-site sample preparation facility was continuously monitored.
The samples are crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50 gram gravimetric finish. Any assay averaging more than 0.1 opt gold is sent to Bureau Veritas Minerals in Reno Nevada for checks. Blank or certified reference materials are inserted randomly.
The Winston property de-posits are classified as steeply dipping syntectonic fissure quartz-sulfide vein systems that have the potential to extend to considerable depths. Very little mining was performed below the 400 foot level (4,180 feet elevation) of the Custer Vein and Management believes the vein may extend for at least another 500 feet (150 metres) below this level, giving the potential for new resources measuring 2,400 feet laterally, 500 feet vertically and averaging up to 4 feet in width.
The historic development of the #1 and #2 Winze down to the 300 ft level (on the western end of the vein system) indicates the presence of high-grade Mineral-ization. Historically miners would only develop secondary shafts (known as Winzes) to quickly access high grade or from above. This was faster and cheaper than developing a long drift from the primary shaft. There is no reason why this high-grade zone under the #1 and #2 Winze does not continue.
Six holes of the 2014 program cut significant intercepts in veins on the western side of the Edna intrusive. This identified eight new vein targets that were never before mined. This vein trend is 500 feet long and remains open to the east, west and at depth.
Montana’s Small Miners permit will allow the company to access test and mine these vein systems quickly. It is management’s intention to confirm and extend mineralization at the Custer and Edna mines and commence test mining at a rate of 150 tons per day ramping up to 230 tpd if warranted. The structure of the Custer and Edna vein systems and competent nature of the surrounding wall rocks should allow the Company to utilize the very cost effective Shrinkage Stoping mining method for its operations.
The Winston District Gold Project is situated 18 miles (30 kilometres) southeast of the capital of Helena, and approximately 2 miles (3.2 kilometres) southwest of the small community of Winston. There is year-round access by paved highway, a major powerline intersecting the property and a railroad siding within two kilometres. The Winston Mining District is located 37 kilometers southeast of Helena. There is year-round access by paved highway. Electrical power and a railroad siding are located close to the district, two kilometers north of the highway.