NI 43-101 Report Filed On Cariboo Land Package

 

VANCOUVER - International Wayside Gold Mines Ltd. reported that it has filed a National Instrument NI 43-101 Technical Report prepared by Jarrod Brown, M. Sc., P. Geo. and Jim Yin, Ph.D., P.Geo., on Wayside's 276.7 sq. km land package recently acquired from Golden Cariboo Resources, at the Cariboo Gold Project near Wells, British Columbia.

The 2000-2008 exploration programs discussed in the Report confirmed the wide spread presence of quartz vein and pyrite replacement styles of gold mineralization on the land package. The numerous anomalies and occasional high grade values encountered in the exploration programs verify the conviction that the land package has potential to host well-mineralized gold ore bodies, possibly of economic grade.

The Report recommends a 2009 exploration program on G Property consisting of 1,829 meters (6,000 feet) of diamond drilling with a proposed budget of $420,250.00. A two phase exploration program in 2009 is recommended for the Warspite Property on Mt. Proserpine. Phase I consists of a SP survey within the previously selected prospect area in 2006. Phase II consists of trenching and 1,524 meters (5,000 feet) of diamond drilling to test the SP anomalies of Phase I. The total budget for the 2009 exploration programs on the Warspite Property is $373,500.00. The grand total proposed budget for the 2009 exploration programs on both G and Warspite Properties on the land package is $793,750.00.

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’s address is

15th Floor, 675 West Hastings Street, Vancouver, BC V6B 1N2, (604) 669-6463, fax: (604) 669-3041.