The Golden Summit Project is located in the Tintina Gold Belt, Fairbanks Mining District where over 9.5 million ounces of placer gold have been recovered since the area was discovered in 1902. Streams draining the Project account for over 6.75 million ounces of this gold and over 0.5 million ounces of lode gold have been recovered from underground mines, mostly before 1942. There are more than 80 occurrences that have been identified on the Project.
Access to the Project area is by the paved Steese Highway and privately maintained gravel roads allow easy access to most of the property on a year round basis. Infrastructure includes high voltage electrical power lines, land telephone lines and a cellular phone service. The greater Fairbanks area supports a population of approximately 75,000 people from which the Project can obtain skilled labour and services. Fairbanks has an International Airport with daily service to the lower 48-states and rail connects Fairbanks to Anchorage, a port city. Mining operations such as Kinross Gold's Fort Knox milling and valley leach operation can be conducted on a year-round basis.
Selected drill intersections from the Golden Summit Project, Alaska.
| Drill Hole |
Area |
From (m) |
To (m) |
Interval (m) |
Gold (g/t) |
| TLD0404 |
Tolovana-Dolphin |
93.27 |
182.88 |
89.61 |
1.07 |
| TLD9801 |
Tolovana-Dolphin |
31.39 |
285.90 |
254.51 |
0.73 |
| TLR9504 |
Tolovana-Dolphin |
39.62 |
144.78 |
105.16 |
1.64 |
| TLR9505 |
Tolovana-Dolphin |
3.05 |
77.72 |
74.67 |
0.72 |
| TLR9506 |
Tolovana-Dolphin |
1.52 |
92.62 |
91.10 |
1.90 |
| TLR9507 |
Tolovana-Dolphin |
18.29 |
73.15 |
54.86 |
1.22 |
| TLR9610 |
Tolovana-Dolphin |
59.44 |
146.00 |
86.56 |
1.02 |
| TLR9626 |
Tolovana-Dolphin |
80.77 |
126.49 |
45.72 |
4.33 |
| CHD9704 |
Cleary Hill |
111.25 |
166.42 |
55.17 |
1.95 |
| CHD9801 |
Cleary Hill |
89.61 |
244.45 |
153.01 |
0.72 |
| CHD0301 |
Cleary Hill |
12.50 |
137.01 |
124.51 |
1.02 |
| GSDC0801 |
Cleary Hill |
78.94 |
102.11 |
23.17 |
1.19 |
| GSDC0804 |
Cleary Hill |
2.13 |
20.73 |
18.60 |
1.62 |
|
|
90.53 |
96.62 |
6.09 |
1.85 |
| GSDC0816 |
Cleary Hill |
4.72 |
33.83 |
29.11 |
1.32 |
Western Standard plans an exploration program consisting of data compilation, verification and target generation to identify areas for drilling in 2010. Initial drilling will be focused on extending the near surface intrusion hosted gold mineralization intersected in historic drill holes at the Tolovana-Dolphin deposit. The Company is targeting large, bulk mineable zones in their exploration program.
