The Company reports several new discoveries including two that are proximal to the high grade E1 occurrence and a third located in a northwest trending shear zone in the E3 area with individual grab samples returning up to 7.12 g/t gold from prospecting. A total of 71 line-kilometres of induced polarization (IP) surveying was completed; preliminary analyses identified several anomalous chargeability trends interpreted to represent sulphide mineralization. Soil geochemical sampling was completed over the area surrounding the E1 target area and results are anticipated later this month.
Highlights
Discovery of E1 style mineralization in outcrop 300 metres northeast of the
Discovery of E3 style mineralization in outcrop 800 metres southwest of the
Discovery of anomalous copper in bedrock trend immediately north of the
A 700 metre long weak chargeability anomaly that parallels the E1 structural trend
A 600 metre long high chargeability anomaly 1,200 metres south of, and parallel to, the
Completion of 71 line-kilometres of pole dipole IP/resistivity survey; final results pending.
Commented
Prospecting and mapping discovered a new gold showing which may represent a parallel zone or possible faulted extension of the original E1 showing 300 metres to the north-northeast. This discovery trends 045 degrees and is characterized by strongly hematite altered syenite that hosts 3-5% quartz veins and 5-7% disseminated pyrite similar to the E1 occurrence. Grab samples returned values up to 3.02 g/t gold, with anomalous silver, lead and zinc, which is a similar geochemical signature to the E1 showing.
Sub-angular boulders of hematite altered syenite with 2-3% quartz veins and 1-2% pyrite were discovered over an area of 100 x 50 metres approximately 150 metres north-northwest of the E1 showing. Significantly, these boulders are considered to be very locally sourced and are up ice direction from E1 and therefore considered to represent a different source than E1. The grab samples from these boulders contain low level gold anomalism, up to 80 ppb, with anomalous silver, lead and zinc.
Twenty-five (25) line-kilometres of pole-dipole IP/resistivity survey was completed in this area. Preliminary analysis of the data suggests a weak, easterly trending chargeability anomaly which extends for 700 metres over four grid lines and parallels the E1 structural trend.
One hundred and twenty-eight (128) B-horizon soil samples were collected on the E1 grid at 200 metre spaced grid lines and 100 metre station spacing; results are pending
E1 Zone Northeast Extension
Recent work in the north-eastern portion of the Property outlined an anomalous silver, lead and zinc geochemical signature over about 1,500 metres within the
Fifteen (15) line-kilometres of IP/resistivity was completed in this area. Preliminary analysis of the data suggests a high chargeability anomaly trending southeasterly and extending for over 600 metres within mafic volcanics and paralleling the contact with the
E3 Zone Extension
Prospecting and mapping discovered E3 style mineralization 800 metres to the southwest in a 50 metre long, 350 degree trending shear zone in mafic volcanics that hosted quartz veins with 1-3% pyrite. Grab samples returned up to 7.12 g/t gold with anomalous silver.
Thirty-one (31) line-kilometers of IP/resistivity was completed. Preliminary analysis of the data suggests three parallel, easterly trending, weak chargeability anomalies, which extend for 600 metres over three grid lines, east of the E3 occurrence. In addition, strong to moderate, easterly trending chargeability anomalies were outlined for 1,200 metres over six grid lines, in an area of intersecting structural features, 1,500 metres north of the E3 occurrence.
An anomalous, easterly trending copper in bedrock anomaly, was identified 400 metres north of the
About the Egan Property
LaSalle optioned the
Cautionary statement
Grab samples described above are selective by nature and reported grades might not be representative of more extensive mineralized zones.
The rock samples reported above were delivered to ALS of
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