Recent drilling on the South Kemess project in the Toodoggone region of north- central British Columbia has returned wide intercepts of copper- gold mineralization. El Condor Resources (VSE) and a unit of RTZ Corp. of London, England, have a 60/40 joint venture with the right to earn a 60% interest in the property from the current owners; St. Phillips Resources (VSE) as to 60% and Stork Ventures, a private company, which owns the balance.
The joint venture can earn the interest by spending $1.1 million over four years.
El Condor reports that the drilling has outlined an area of porphyry copper-gold mineralization covering 200×400 metres to an average depth of 137 metres.
In addition to the five holes drilled in the area, two holes from a diamond drilling program in 1984 have been re-assayed.
The company notes that the drilling has demonstrated that the mineralization is essentially continuous across the intercepts and that it is open both laterally and vertically. Copper Interval Intercept Copper Gold Equiv. Hole (m) (m) (%) (gm/t) (%) 90-1 0-174 174 0.27 0.7 0.93 90-2 5-171 166 0.23 0.5 0.72 90-4 8-73 65 0.14 0.2 0.38 84-2 19-92 73 0.15 0.4 0.54 84-3 7-78 71 0.22 0.5 0.76
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