TIEX INC. announces commencement of diamond drilling at its Gold Creek property
Tiex Inc., Mr. Ernie Bergvinson, president, of TIEX INC. announces commencement of diamond drilling at its Gold Creek property in the Likely area of the Cariboo mining district, British Columbia. The target area occurs in the Bullion Gold Corp. mineral tenures that were acquired as part of the Company’s recent Qualifying Transaction. They comprise 20 contiguous claims encompassing 7,135 hectares along the Quesnel metallogenic belt. The historic mining district has been rejuvenated in recent years following the discovery at nearby Spanish Mountain by Skygold Ventures Ltd. of gold-bearing zones hosted in argillites, black phyllites and wackes of Middle Triassic age.
TIEX INC. recently completed a $2,000,000 financing with funds received to be directed to exploration of the Company’s Cariboo area properties that comprise a total of 260,307 hectares. The Gold Creek diamond drilling program is being managed by Dan Cardinal, P.Geo., project manager and Qualified Person. A contract for 6,500 metres of core drilling has been signed with Hardrock Diamond Drilling Ltd. of Naramata, B.C. to provide a new, track-mounted drill equipped with HQ-size tools. Drill core will be logged at the Company’s facility in Likely, B.C. and core will be split and sampled by a diamond saw. As part of quality control and quality assurance, blanks, standards and duplicates will be inserted in the sampling procedure. Samples will be shipped to Acme Analytical Laboratories Ltd. of Vancouver, B.C.
The 43-101 qualified person for Tiex’s projects is Dan Cardinal, P.Geo., Project Manager, for all of the Company’s projects in the Cariboo district and has verified the contents of this news release.
On Behalf of the Board of Directors,
Ernest Bergvinson, President & CEO
Source: TIEX Inc.