(via TheNewswire)
![]() | |||||||||
![]() | ![]() | ![]() | ![]() |
Highlights:
Irma West : rock chip sample of 5.68 g/t Au within 2.3 m @ 2.38 g/t AuIrma West : new large (133 m long x 4.5 m wide) vein discovery with epithermal signatureIrma: in-fill soil geochemistry sampling confirms standalone gold anomaly at 1500 m x 500 m
As reported on
One 2.3 m section, including a fine-grained grey quartz vein, averaged 2.38 g/t Au (vein location shown by the black box in Figure 1). A 40 cm sub-section, characterised by fine veinlets and strong argillic alteration in the vein wall-rock, returned 5.68 g/t Au. The Taquetren Formation host rocks are volcano-sedimentary rocks, most often fine-grained to porphyritic andesites.
Figure 1. General Geology with Rock Chip Assay Results, |
|
In general, the contact between the veins and the host rocks in
Soil Geochemistry: in-fill grids at Irma and Centro
The in-fill soil survey consisted of sampling on lines spaced 100 m apart and taking samples every 25 m over the main geochemical anomalies at the Irma and Centro prospects. The in-fill lines means that the Irma and Centro prospects now have a soil sample grid on a 50 m x 25 m spacing. The lines at Irma were 700 m long and the lines at Centro were 300 m long. A total of 837 in-fill soil samples were taken at the Irma and Centro prospects. The sampling methodology remains the same – namely, removal of the surface layer to reduce dilution due to the accumulation of wind-swept sediments or volcanic ash. Samples are sieved to <80 mesh (<0.18 mm particle size).
The results from Irma show the presence of at least 3 gold-mineralized corridors, each related to sub-crop of what appear to be discontinuous quartz vein systems. The anomalies are open to the southwest towards
Figure 2. Details of the Irma West Vein Sub-crop that Returned 2.38 g/t Au over 2.3 metres. |
|
In the Centro area, a new and small notably anomalous Au zone has been detected trending NE-SW. This area could be linked to a mineralized structure. Only a small area has been surveyed to date; however the work suggests the possibility of a new target with similar characteristics to the
Figure 3. |
|
Figure 4. |
|
Epithermal Textures and New Veins
Geological reconnaissance in the Irma West area has discovered a significant new vein sub-crop trending NE-SW Au (vein location shown by the blue box in Figure 1). The vein is approximately 133 m long and an average thickness of 4.5 m, occasionally with wall-rock intercalated with the vein. The quartz vein, locally massive, is characterised by fine disseminations of pyrite (2%) with coarser sulphides erratically distributed and concentrated in areas with dark quartz. The dark silica (quartz) is currently interpreted as representing fine disseminations of sulphides. Quartz vein structures include crustiform and colloform quartz, subtle banding and incipient lattice development. Occasional boxwork structures and hematite and jarosite formation indicate that leaching process have been active. See Figure 5 for photographs of the rock textures. Some calcite veining is present, although at this time the relationships between calcite and quartz veins have not been established. The host rock is a fine- to medium-grained andesite with moderate argillic alteration, in contact with the vein. Occasionally the wallrock hosts fine quartz veinlets (2-4 mm wide). Four lines of rock chip samples, 7-10 m long and about 40 m apart, were taken perpendicular to the vein; assays are pending.
Numerous examples of epithermal textures have been found at Irma West, Irma, Centro, and at Martha. As well as mapping grade and scale of the mineralised features, Fitzroy Minerals is also mapping the epithermal mineralisation features and creating a structural and zonation model. Potential next steps may include photogrammetry to assist with identifying vein sub-crop partially occluded by soil cover, additional prospecting and trenching, as well as ground geophysics.
Figure 5. Epithermal Quartz Vein Textures from New Sub- and Outcrop Vein Discovery, | |
Qualified Person
About Fitzroy Minerals
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the
On behalf of
President and CEO
For further information, please contact:
mmj@fitzroyminerals.com
+1 604-505-4554
For more information on Fitzroy Minerals, please visit the Company's website:www.fitzroyminerals.com
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
Neither Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Offering and the timing and pricing in respect thereof, the use of proceeds of the Offering, and timely receipt of all necessary approvals, including any requisite approval of the Exchange.
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All statements that describe the Company's plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that theactual results realized in the future will be the same in whole or in part as those presented herein. the Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company's filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any for-ward looking statements, other than as required by law.
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source