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Mix-Ansicht- Bema find High Grade Gold at Mill Canyon, Nevada - Nickelman, 14.01.2004, 02:43
Bema find High Grade Gold at Mill Canyon, Nevada
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January 13, 2004
Diamond Drilling Intersects High Grade Gold at Mill Canyon, Nevada
Victoria Resource Corporation (VIT-TSXV), a 36% owned affiliate of Bema Gold Corporation, releases initial diamond drill results from the Mill Canyon Property in Nevada. Mill Canyon is a gold and silver exploration property located in the Cortez Mountains of North Central Nevada on the Battle Mountain Gold Belt. The property is adjacent to the old Cortez and Horse Canyon Mines and 1.6 kilometres east of Placer Dome's recently announced 5.5 million ounce Cortez Hills gold discovery.
Drilling has concentrated on the Open Cut target which is believed to be in a structurally similar environment to the Cortez Mine and the Cortez Hills discovery. A total of 5 holes totaling 935 metres have been drilled to date and assay results have been received from 3 of the 5 holes. Hole OC-5 encountered four separate intercepts of"Carlin Style" gold mineralization which are: 3.1 metres of 26.38 grams per tonne gold (g/t), 8.8 metres of 16.83 g/t gold, 26.2 metres of 3.82 g/t gold and 17.4 metres of 3.60 g/t gold.
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