International Wayside Gold Mines Ltd.
TSX VENTURE : WYG
FRANKFURT : IWUB

International Wayside Gold Mines Ltd.

July 14, 2009 11:47 ET

International Wayside Gold Mines Ltd.: Prospecting Assay Results Leads to New Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2009) - The Board of Directors of International Wayside Gold Mines Ltd. (the "Company") (TSX VENTURE:WYG)(FRANKFURT:IWUB) announces prospecting assay results (see Table 1) from the Butts Zone which has defined the current stage of the 2009 exploration program, including diamond drilling at Wilf's Showing on Cow Mountain (which began July 8, 2009) and trenching along the B Road on and around the Butts Zone, which is about 2.3 km to the mine grid west of the BC Vein and proposed Bonanza Ledge mine on Barkerville Mountain.

Limited prospecting and exploration has been completed on the Butts Zone. Significant gold values returned from reconnaissance rock and channel sampling confirms the Butts Zone as one of the potential areas in the Company's Cariboo Gold Project for both quartz vein and replacement styles of gold mineralization.

Wilf's Showing in the Butts Zone is a large quartz vein outcrop with massive and semi-massive fine-grained pyrite, beside Lowhee Creek and Lowhee Fault on Cow Mountain. It is inferred that the quartz vein is possibly the mine grid west extension of the BC Vein (which is 305 m deep at the BC Shaft and has been drilled on 30.5 m centers for 1.23 km), offset by the Lowhee Fault. The Bonanza Ledge deposit and proposed mine was discovered in the footwall of the BC Vein which demonstrates the potential significance of Wilf's Showing. Both channel and chip rock samples collected from the Showing returned encouraging assays ranging between 13.6 and 21.6 g/T gold (Sample #30745-30746 and 104252-104253, see Table 1).

The purposes of the drill and trench programs on the Butts Zone are, to confirm whether this quartz vein is the mine grid west portion of the BC Vein (which would give it a 2.3 km strike length) offset by Lowhee Fault on Cow Mountain and to have a better understanding of the gold resource of both the quartz vein and replacement styles of mineralization on the Butts Zone. Once verified, it may be possible to find additional Bonanza Ledge style gold mineralization in the footwall of Wilf's Showing, beside Lowhee Creek on Cow Mountain.



Table 1:
Assay Results of Rock Samples from Butts Zone Including Wilf's Showing

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SAMPLE # TYPE LENGTH Au (g/T) MINERALIZATION LAB
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104252 Channel 3.3' 17.9 quartz vein Eco Tech
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104253 Channel 2.2' 13.6 quartz vein Eco Tech
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30745 Chip channel 6.0' 21.6 quartz vein Eco Tech
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30746 Chip channel 5.0' 4.27 quartz vein Eco Tech
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43483 Chip - 7.77 quartz vein Eco Tech
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43486 Chip - 21.9 quartz vein Eco Tech
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43495 Chip - 4.45 quartz vein Eco Tech
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43496 Chip - 3.34 quartz vein Eco Tech
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43500 Chip - 4.56 quartz vein Eco Tech
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43517 Chip - 16.5 quartz vein Eco Tech
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43518 Chip - 58.9 quartz vein Eco Tech
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43519 Chip - 7.04 quartz vein Eco Tech
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43528 Chip - 11.8 quartz vein Eco Tech
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43531 Chip - 204 quartz vein Eco Tech
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43547 Chip - 9.14 quartz vein Eco Tech
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43556 Chip - 4.75 quartz vein Eco Tech
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43557 Chip - 1.92 Replacement (?) Eco Tech
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43558 Chip - 5.77 quartz vein Eco Tech
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43560 Chip - 4.51 quartz vein Eco Tech
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43563 Chip - 3.19 quartz vein Eco Tech
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43564 Chip - 11.0 quartz vein Eco Tech
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43566 Chip - 22.7 quartz vein Eco Tech
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43567 Chip - 15.7 quartz vein Eco Tech
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43568 Chip - 5.18 quartz vein Eco Tech
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Wayside is in the process of acquiring the QR Mine and 900 tonne per day QR Mill, which was fully operational until February 2009 (now on care and maintenance). The QR Mill is a CIP mill designed for an output of 70,000 ounces of gold per annum for that location. The mill is 110 km by road from Wayside's Cariboo Gold Project and proposed Bonanza Ledge Mine.

The Company initiated operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the Historic Cariboo Goldfields encompass approximately 1,065 square km (106,484 hectares) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining.

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.

On Behalf of the Board of Directors

J. Frank Callaghan, President

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.

Contact Information

  • 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