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Canada Business News and Press Releases
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(EMAILWIRE.COM, October 26, 2009 ) VANCOUVER, BRITISH COLUMBIA - International Wayside Gold Mines Ltd. (TSX VENTURE:WYG)(FRANKFURT:IWUB) ("Wayside", the "Company") announced today that it has completed an 18 hole in-fill diamond drill program in the Bonanza Ledge Zone at Barkerville Mountain, designed by Mintec Inc. Assay results for drill holes BC09-10, BC09-13, BC09-14, BC09-14B (partial: 92.2 of 203 meters have been assayed to date), BC09-15, BC09-16 and BC09-17 were recently received (see Table 1).
Highlights of the drill results include:
Hole BC09-14B: 70.9 meters (232.6 feet) of 10.7 g/T (0.311 oz/t) gold
Including: 38.7 meters (126.9 feet) of 19.0 g/T (0.555 oz/t) gold
92.2 meters (302.6 feet) - 203 meters (666.0 feet) Assay Results Pending
Drilling of BC09-14B was recently completed to a depth of 203 meters (666.0 feet) and the core samples from pending assays were split and sent to Eco Tech Laboratory Ltd. for analysis on October 24, 2009 and will be released when received. BC09-14B was drilled 50.5 meters (165.6 feet) southeast of BC09-12 which returned assays of 84.4 meters (277 feet) of 16.5 g/T (0.481 oz/t) gold (see News Release October 7, 2009). Assay results have been received to 92.2 meters (302.6 feet). BC09-14B marks the beginning of a new phase of drilling targeting Bonanza Ledge mineralization at depth and below the existing NI43-101 proven reserves, as reported in the Company's Pre-feasibility study September 10, 2009 and filed on SEDAR October 23, 2009.
Drill hole BC09-14 was stopped at 87 feet in a fault zone which required its re-drilling as BC09-14B. Drill hole BC09-14B was cased to 21.3 meters (70 feet) and samples were not taken within the cased portion of the hole.
J. Frank Callaghan, President and CEO stated, "We are excited to start a new phase of drilling targeting Bonanza Ledge style mineralization at depth, below the proposed Bonanza Ledge open pit gold mine and along strike of the Bonanza Ledge trend. This next phase of Bonanza Ledge drilling will begin as the Company's consultants and geologists interpret the data gathered from the infill drill program. The Company is currently drilling the Butts Zone, 2 km northwest of the Bonanza Ledge in the Cariboo Gold Quartz and Island Mountain mine trends".
[ TABLE NOT AVAILABLE ]
The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101. The gold values presented have been derived from assay data received from Eco Tech Laboratory Ltd. in Kamloops, B.C., using fire assay with an AA (atomic absorption) finish.
On Behalf of the Board of Directors,
J. Frank Callaghan, President, CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
International Wayside Gold Mines Ltd.
Andrew H. Rees
Director
604 669-6463 or Toll Free: 1-800 663-9688
604 669-3041 (FAX)
www.wayside-gold.com
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International Wayside Gold Mines Ltd.
Andrew H. Rees
604 669-6463
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