Mining News: Northern Neighbors: Colorado drills gold, as it figures out KSP

Colorado Resources Ltd. Oct. 5 released assay results from an additional eight holes drilled at the Inel area of the company’s KSP gold property in northwestern British Columbia. Hole INDDH16-046 cut multiple gold intercepts, including two meters of 16.49 grams per metric ton gold; and 45.3 g/t silver from 60 meters, and 3.7 meters of 14.59 g/t gold, 181.35 g/t silver and 3.95 percent zinc from 113.3 meters. Hole INDDH16-046 cut one meter of 47.6 g/t gold from 97 meters; 11 meters of 4.69 g/t gold from 118 meters; and 1.7 meters of 11.92 g/t gold from 139 meters. Overall, Colorado drilled 59 holes for 8,861.8 meters at KSP in 2016. The majority of these holes, 53, target trends identified within a roughly 75-acre area at Inel. "This first phase of drilling in 2016 systematically tested portions of the Discovery trend and southern extensions of the Inel Creek trend,” explained Colorado President and CEO Adam Travis. “Our drilling in these two zones, along with preliminary surface geological mapping, geophysics and geochemistry highlights six robust sized target zones. We are continuing to advance the technical understanding of this impressive system as we work on cross sections and incorporate all the geological, geophysical and geochemical data.”

-Shane Lasley