Tuesday, 30th January 2007 (2549 views)

CZM Capital Corporation has managed to intersect gold and silver in all of the 11 drill holes undertaken at its so-called Tag property in British Colombia.

Located some 35 kilometres west of Atlin in the north of the Canadian province, work was begun there in November 2006 and the 11 holes were made to test a fault at length.

Zachary Dingsdale, president of CZM, said: "Historically gold mineralisation in the Tagish Lake region has been found in very narrow quartz veins.

"We are very encouraged by the unprecedented broad zones of gold mineralisation that CZM has encountered to date by drilling the 025 fault."

Previously, six shallow holes had showed gold and silver mineralisation in April 2006 and this time work produced grades of up to 5.7 grams of gold per tonne and 300 grams of silver per tonne.

The best intersection was a stretch of 4.7 metres with a grade of 3.6 grams of gold per tonne for gold and 22.9 grams of silver per tonne.

Broader intersections held similar grades for 16.2 metres and 3.5 metres.

CZM declared that it will continue drilling from March 1st 2007 with a diamond drill and bulldozer being stored on the site.

 

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