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Yesterday the company announced that as of Sunday, July 6, 2008, three drill holes totaling 586 metres have been completed at their large Corey holding adjacent to Barrick Gold's famous polymetallic Eskay Creek Mine. The drilling so far has been at the Red Lightning zone east of the Mandy Valley. A fourth hole is currently being drilled with an additional two drill holes to follow. Upon completion of the Red Lightning drilling, the drill will move to the Spearhead Zone.
On the recently acquired Babs Property near Smithers BC, a program consisting of MMI soil geochemical survey and diamond drilling, which was announced in our May 27, 2008 news release, has been completed. The objective of the program was to target a Granisle/Bell type copper-molybdenum porphyry deposit indicated on the property by a float train of biotite feldspar porphyry mineralized boulders. These are similar in composition to the nearby Babine intrusives which host mineralization at the Bell, Morrison, and Granisle mineral deposits.
Seven diamond drill holes for 1048 metres were completed, and chalcopyrite mineralization was found to occur in six of the seven holes drilled. Previous drill results reportedly intersected up to 77.8 metres of copper mineralization that assayed 0.19% copper. Core samples have been submitted for analysis with results expected by the end of July.
You can learn more though our newly posted interview with Kenrich-Eskay Mining president Wally Boguski, available at http://www.smartstox.com/interviews/kre.php.
In early trading on July 9th, Kenrich-Eskay shares on the TSX Venture exchange were trading unchanged at $0.23.
To view the full Smartstox interview line-up, visit http://www.smartstox.com.
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