Highlights
Channel sampling highlights include:
- 0.30 m @ 10.72 g/t Au and 251 g/t Ag
- 0.35 m @ 0.81 g/t Au and 1,450 g/t Ag
- 0.30 m @ 2.77 g/t Au and 363 g/t Ag
Rock chip sampling highlights include:
- 0.54 g/t Au with 3.5% Pb and 11.8% Zn
- 1.60 g/t Au with 440 g/t Ag
- Results to be followed up by recently announced surface core drill program
GAP Area Discovery
Since the acquisition of 100% of the concession containing the GAP Area in
Over the past months, the Company has completed geological mapping, reconnaissance of old workings, a ground geophysical survey and collected channel samples over an extensive epithermal vein system within the GAP Area. This key zone links two areas that now host NI 43-101 mineral resource estimates1,2, and has not previously been explored.
Initial reconnaissance and sampling indicate that the high-grade Au-Ag concentrations are associated with well zoned, low-temperature epithermal veins and include amethystine quartz, among other quartz types, and with low sulphide content. Locally, some of the veins exceed 10% combined lead and zinc (Table 1). Systematic sampling of the different veins led to the definition of a 2 km2 large prospective zone in the GAP area.
The mapped geology shows that the volcaniclastic-sedimentary and andesitic tuff units that host the veins in the GAP Area are likely to be underlain by several intrusive diorite plugs.
Table 1: Selective Channel Sample and Rock Chip Assay Results - News Release
Samples | Sample Type | UTM North | UTM East | Apparent | Au g/t | Ag g/t | Pb % | Zn % |
19322 - 19324 | Channel Sample | 2547027 | 448314 | 0.9 | 3.76 | 137 | 0.1 | 0.4 |
includes | Channel Sample | 2547027 | 448314 | 0.3 | 10.72 | 251 | 0.1 | 0.5 |
15665 | Channel Sample | 2546849 | 448205 | 0.4 | 3.76 | 142 | na | na |
15672 | Channel Sample | 2546739 | 448334 | 0.35 | 0.81 | 1,425 | 0.1 | na |
19326 - 19328 | Channel Sample | 2547027 | 448314 | 1.3 | 1.30 | 96 | 0.2 | 0.7 |
includes | Channel Sample | 2547027 | 448314 | 0.4 | 3.06 | 155 | 0.5 | 1.6 |
15662 | Channel Sample | 2546846 | 448195 | 0.9 | 2.87 | 156 | na | na |
15641 - 15643 | Channel Sample | 2546806 | 448173 | 0.9 | 1.08 | 129 | na | na |
includes | Channel Sample | 2546806 | 448173 | 0.3 | 2.77 | 363 | na | na |
15635 | 2546760 | 448264 | - | 1.09 | 36 | na | na | |
18363 | 2546847 | 448213 | - | 4.75 | 230 | na | na | |
15681 | 2546527 | 448173 | - | 1.06 | 488 | na | na | |
15688 | 2547432 | 448046 | - | 0.54 | 12 | 3.5 | 11.8 | |
15695 | 2547016 | 448324 | - | 1.60 | 440 | 0.1 | 0.1 | |
15706 | 2544575 | 448009 | - | 0.48 | 64 | 14.7 | 0.7 |
* | Channel sample widths are apparent widths only. Insufficient structural information is available at this stage to estimate true width with confidence. |
Selective sample results in this table represent results with gold >1.0 g/t Au, or silver >200 g/t Ag, or lead+zinc >10% Pb+Zn. na = no significant result (<0.1%) |
________________________________
1 | See News Releases dated |
2 | See News Release dated |
Figure 1 – Geologic Map of the GAP Area with sample locations and highlights of high-grade Au-Ag results
* | See here for location of the GAP Area at the |
Qualified Person
The scientific and technical data contained in this News Release related to the exploration program were reviewed and/or prepared under the supervision of
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