During late October
Fairfield personnel completed various field programs in Southern
British Columbia, the results of which are summarized below.
All samples from the programs were submitted for assay or analysis
to Acme Analytical Laboratories Ltd. in Vancouver B.C., which
is an ISO 9002 accredited facility.
ELK PROPERTY, Okanagan
Area
A 230 - metre trenching program comprising seven trenches was
carried out on the Elk claims in the Siwash East and Gold Creek
West areas. The trenches were dug to determine the source of
gold bearing quartz fragments found on surface and in road cuts.
Six trenches in the Siwash East area, located 1.7 km to the east
of the Siwash Mine site, exposed quartz veins up to 20cm thick
and narrow pyritic fault zones cutting quartz monzonite adjacent
to an andesite dyke. The andesite dyke was traced over 150 metres
in four trenches with strong alteration and narrow bands of pyritic
gouge containing quartz fragments in the immediate vicinity of
the dyke. Trench SE01-4 was dug to a depth of 2.5 metres and
exposed a steeply dipping quartz vein about 20cm thick. Grab
samples of the vein material taken at surface returned averaged
analyses of 31,611 ppb (0.922 oz/ton) gold and 104.4 ppm (3.04
oz/ton) silver. A 0.5 by 0.5 meter panel sample of the same vein
taken in the wall of the trench returned 21,771 ppb (0.635 oz/ton)
gold and 32.9 ppm (0.96 oz/ton) silver. Adjacent trenches 35
meters to the west and 50 meters east exposed the andesite dyke
with a strong alteration zone but no quartz veins and weak gold
values.
Trench GCT01-1 was excavated the Gold Creek West area, 400 meters
southwest of the mine site, to further expose a quartz vein discovered
earlier in the year by hand trenching. Deeper excavation revealed
a discontinuous quartz vein approximately 30cm thick over a length
of nine meters hosted in strongly argillically altered quartz
monzonite that shows evidence of slumping and deformation. The
vein returned a value of 20,510 ppb (0.598 oz/ton) gold and 59.6
ppm (1.74 oz/ton) silver from a 0.8 meter by 0.5 meter panel
sample.
A comprehensive review
of the Elk property database was recently carried out by Leo
King, P.Eng., an independent consultant, to comply with National
Instrument 43-101. His report recommends a three stage 9500 meter
drill program to further explore the Siwash, Gold Creek West
and WD vein systems.
PROSPECT VALLEY
(PV) PROPERTY, Merritt Area
The PV property is a new acquisition comprising 40 claim units
(10 sq. km. or 1000 hectares) located approximately 50km west
of Merritt. It was staked to cover widespread occurrences of
significant gold bearing quartz vein and quartz breccia float
showing textures typical of low sulphidation epithermal systems.
Although the claim area is extensively covered by glacial till,
most of the mineralized float is angular and local volcanic bedrock
exposures exhibit strong alteration and oxidation.
A preliminary program carried out in October consisted of prospecting
and reconnaissance scale rock and soil geochemistry. Thirty of
38 quartz float grab samples returned anomalous to high grade
gold values ranging from 74 parts per billion (ppb) to 43,340
ppb (1.264 oz/ton) with generally coincident elevated silver
(Ag to 48.4 ppm) arsenic (As), antimony (Sb), and molybdenum
(Mo). A check assay of the highest-grade sample yielded 38.14
gm/t (1.112 oz/ton) gold and 130.7 gm/t (3.81 oz/ton) silver.
Excluding this highest-grade sample, the averaged gold grade
of all 37 rock samples is 620 ppb (0.018 oz/ton).
Initial soil sampling at 50-meter intervals was conducted along
a network of old logging roads and trails throughout the claim
block. Analytical results from the 280 soil samples taken have
outlined anomalous gold (10-162 ppb Au) and arsenic (8-20 ppm
As), mainly within the one square kilometer area containing the
most abundant quartz float.
The Company looks forward to further evaluation of this exciting
new discovery that is readily road accessible in a mature mining
district having excellent infrastructure.
