A new gold zone has been discovered on B.Y.G. Natural Resources’ Mt. Nansen property 37 miles west of Carmacks, Yukon. The property is 100% owned by the company and is under option to Chevron Minerals. By mid- July, Chevron had spent $1.4 million on the project and will have to make expenditures of $6 million for a 62% interest.
The new Flex zone discovery was made by excavator trenching between the known Webber-Cabin and Huestis zones, says President T. J. Donaldson. It consists of two sets of sub-parallel veins which are much wider than the Huestis and Webber vein deposits. Trenching has traced the Flex zone for about 1,000 ft and it is still open to extension in both directions, he says.
In addition, deepening of trenches located up to 650 ft south of the Huestis zone located several strong veins and the best results included 0.14 oz gold over 10.2 ft. Recent trenching in the Flex zone revealed several exciting intercepts including 36 ft of 0.14 oz gold and 1.9 oz silver; 24.5 ft of 0.197 oz gold and 5.1 oz silver and 21.3 ft grading 0.185 oz gold and 1.9 oz silver.
The Brown-McDade Main zone has 800,000 tonnes of reserves grading 0.234 oz gold per ton and has been extended almost 4,000 ft north by a series of trenches. The mineralization in those trenches is 9.8 to 26 ft wide. Excavator trenching is continuing to explore the known deposits and test geochemical and geophysical anomalies discovered last year. Mr Donaldson confirms that more drilling will likely be done this year.