North American Nickel Inc. announces the completion of surface geophysical surveys and identification of electromagnetic and gravity anomalies at the Company’s 100% owned Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland.
Surface time domain electromagnetic (TDEM) and gravity surveys were initiated at the Maniitsoq project in mid-April and were completed in mid-June. The surveys were carried out by Crone Geophysics of Mississauga, Ontario and focused on two areas, the Imiak Hill Conduit Complex (IHCC) and Fossilik, where previous drilling intersected significant Ni-Cu-PGE mineralization (See Figure).
Preliminary TDEM results indicate the presence of EM anomalies correlating with both existing mineralization and also representing new geophysical targets. Preliminary gravity results indicate that gravity anomalies exist in both the Imiak and Fossilik areas and correlate with noritic intrusions identified from both surface mapping and drilling. Several of the known nickel-copper occurrences are empirically observed to occur at the margins of these gravity highs.
NAN President and Interim CEO, Mark Fedikow, commented: “The 2014 exploration program is well underway and completion of the surface geophysical surveys over the IHCC and Fossilik areas is an important component in our exploration strategy. The addition of gravity surveying this year represents a valuable new tool for exploring the Company’s large Maniitsoq property where noritic intrusions occur over a 75 km strike length. Identification and correlation of gravity highs with two of the known mineralized norite intrusions in the belt indicate that gravity will be very useful in mapping the subsurface extents of mafic and ultramafic intrusions and in helping to understand the distribution of related nickel-copper sulphide mineralization”.
TDEM surveying totaling 87 line km have been completed in the IHCC and Fossilik areas located in the central portion of the Maniitsoq property. Data interpretation and modeling are in progress and results are being used to target both follow-up drilling as well as define new targets for potential drill testing.
Gravity surveys were completed over the IHCC and, based on favorable results, an additional gravity survey was carried out over the Fossilik area. In each area, the surveys consisted of a core of gravity readings at 50m stations on 200m line intervals surrounded by more widely spaced readings typically on 500m centers. Gravity readings were taken at a total of 944 stations. The preceding comments are based on initial data modeling and inversions.
At the IHCC (see Figure 2), several gravity highs are observed to be coincident with, or flanking, the mapped and interpreted norite outcrops. Gravity inversion modeling shows one of the gravity highs to be coincident with the mineralized Spotty Hill norite intrusion. This gravity high extends south of the current Spotty drilling and also extends to the northwestward towards the Imiak North area. Another larger more complex double lobed gravity high lies in the immediate vicinity of the mineralized Imiak Hill norite intrusion. One lobe of this gravity high extends south of the Imiak Hill drilling and the other lobe lies to the NW.
At the Fossilik area located 9 km southwest of the IHCC (see Figure 3); gravity surveying identified a large ~1.5 km x 2.5 km gravity high which is coincident with the Fossilik norite intrusion. Surface nickel occurrences and nickel mineralization intersected in historic drilling and past drilling by the Company are observed to lie at or near the southwestern and western margins of this gravity high.
Data interpretation and modeling are on-going but results to date indicate that gravity data will be a useful tool to aid in mapping the sub-surface extents of the target noritic intrusions, particularly as compared to the magnetic data where correlation of anomalies with norite intrusions is less consistent. Additional images of the gravity inversions may be viewed on the Company’s website.
- See more at: http://www.northamericannickel.com/news/news-details/2014/Surface-Electromagnetic-and-Gravity-Geophysical-Surveys-Completed-and-New-Anomalies-Identified-at-Maniitsoq-Nickel-Sulphide-Project-in-Greenland/default.aspx#sthash.fnhpBAK6.dpuf
To view the photo associated with this press release, please visit the following link: http://media3.marketwire.com/docs/958596a.pdf.
Honey Badger Exploration Inc. has completed the interpretation of the geophysical data over the Delhi Pacific copper showing on its Sagar Property. The coincident gravity, magnetic, electromagnetic (“EM”) and induced polarization (“IP”) anomaly associated with the Delhi showing are typical of those expected from an Iron Oxide Copper Gold (“IOCG”) deposit.
The IOCG model is further supported by the presence of a favourable structural setting for an IOCG deposit, namely the abundance of polymetallic showings (copper-gold-silver-cobalt) and the presence of diagnostically verified IOCG hydrothermal alteration.
At the Delhi Pacific showing, historical significant drilling intersections include 45.81 metres @ 0.51% copper and 10.7 metres @ 0.78% copper. While these intersections were not tested for silver, gold or cobalt, historic and recent grab samples* contain up to 1.8 grams per ton (“g/t”) gold, and up to 35 g/t silver.
*Grab samples are selective by nature and are unlikely to represent average grades of the deposit(s).
The selection of new drill targets is based on an interpretation of the IP/Resistivity, airborne magnetics, ground gravity and airborne EM data. In the winter of 2014 ClearView Geophysics Inc. completed a Surface Spectral IP survey over part of and extending east of the Delhi Pacific showing (Figure 1).
To view ‘Figure 1 – Surface Spectral Induced Polarization survey location lines’, please visit the following link:http://media3.marketwire.com/docs/honef10715.pdf
The interpretation indicates an anomaly associated with the historic drilling at Delhi that increases both in intensity and size east of these drill holes for more than 1.5 kilometres. The apparent resistivity data is presented in Figure 2 (red-purple indicates low resistivity and represents the target area):
Figure 2 – Resistivity Data at Delhi Pacific
The gravity data indicates that the southwest side of the magnetic high zone at Delhi Pacific coincides with a gravity low feature, whereas to the north is a gravity high. This indicates that the resistivity low/chargeability/electromagnetic target is located along a major structure that represents a favourable event for IOCG mineralization. The target area at Delhi covers more than 3 square kilometres: approximately 1.5 kilometres in strike length multiplied by an average width of 200 metres (Figure 3).
‘Figure 4 – Magnetic Inversion over Delhi Pacific’
2 July 2014 – Astana, Kazakhstan
The President of Kazakhstan and the Government took part in the meeting-report of the Ministry of Industry and New Technologies in the new high tech building “Nazarbayev Cener” (project of famous British architect Norman Foster) in Astana.
(“Nazarbayev Center”, Astana)
Geotech Ltd., a world leader of airborne geophysics had been presented to the government, Prime Minister and the President. “Kazgeology” as a part of the Ministry is going to work together with Geotech Ltd. for geophysical surveying of Kazakhstan territory and providing the airborne geophysical service for exploration and mining companies in Kazakhstan and other countries of Central Asia.
(Keith Fisk, Managing Director of Geotech with the President Nursultan Nazarbayev)
(with the Minister of Industry)
(future surveys discussions with Rio Tinto and Iluka Resources)
(Keith Fisk, Managing Director of Geotech interview to central TV channel)
HARTE GOLD CORP. (“Harte Gold”)CA:HRT -8.70% (frankfurt:H4O) is pleased to announce the completion of the expanded Phase Two Induced Polarization (“IP”) survey on the Sugar Zone Property, located 60 kilometers east of the Hemlo gold mines currently being operated by Barrick Gold Corporation.
Phase Two IP Survey
The survey was successful in identifying significant extensions to the five high priority IP anomalies located “up- ice” of the Peacock boulder train identified in the Phase One survey (see news release dated June 2, 2014). In addition, significant extensions to both the Wolf Zone and the Sugar Zone Deposit were discovered, as well as several new IP anomalies en echelon to each of the Wolf Zone and Sugar Zone Deposit. See attached map.
The five high priority IP anomalies were traced an additional 700 meters to the north. These IP anomalies are now 1,200 meters long while other parallel anomalies are 1,000 meters to 1,600 meters in length.
A detailed ground Magnetometer (“Mag”) survey has been completed over the entire grid covered by the two IP surveys. The Mag survey took readings every two meters and will assist in classifying the IP anomalies and help to define structures that are controlling mineralization and/or off-setting zones, as well as locate any younger mafic dikes (diabase dikes) that cut across the stratigraphy.
In the course of cutting and traversing the grid, many newly discovered rusty boulders have been located as well as other angular sericitic slabs. A program of detailed mapping, boulder tracing and sampling, and a limited till sampling program will be carried out over the next three weeks prior to drilling in order to properly prioritize drill targets. This occurrence of mineralized boulders suggests there may be a number of bedrock sources for any new mineralization. Every IP anomaly found in the survey area will be tested in order to confirm mineral content.
Canstar Resources Inc. announces the commencement of its summer exploration program, beginning with a ground geophysical survey at its Mary March Property near Buchans Junction, Newfoundland. Canstar will be implementing a deep-penetrating induced polarization (or “IP”) geophysical survey in order to enable maximum depth visualization on the property, with focus on the wide mineralization encountered near the Nancy April Zone. This type of technology and depth penetration represents the most detailed and comprehensive survey of its kind to have ever been conducted on the property and utilizes state-of-the-art geophysical methods. The results of this survey will be used for target generation where any new targets will be drilled in the subsequent drilling program also anticipated in the coming months.
2014 Induced Polarization Survey
In contrast to previous geophysical methods utilized on the Mary March Property throughout its exploration history, the IP method is not hindered by potential poor conductivities. It is now well established that the prevalent mineralization at Mary March is very similar to that of the former producing Buchans Mine, which is that of a zinc-rich mineralization with poor electro-conductive properties; the Buchans Mine was one of Canada’s all-time highest grade VMS ore producing 16.2 million tonnes averaging 14.50% Zn, 7.56% Pb, 1.33% Cu, 126 grams per tonne (g/t) Ag and 1.37 g/t Au between 1928 and 1984. By utilizing an IP geophysical method, Canstar hopes to detect these otherwise difficult-to-find mineralized areas where we understand there to be the highest potential for mineralization based on geology and previous drilling. The technology for IP geophysical methods has advanced in the last decade such that detection capabilities are now common to vertical depths in excess of 300 meters. Such advancements will greatly enhance Canstar’s capability in unraveling both the mineralization on the Mary March Property and the structure that controls it.
On Monday, a AW-119 “Koala” helicopter and an 85-foot geophysical survey apparatus were at Elko Regional Airport to film promotional footage for Geotech. The film crew works for Cineplex, a company based in Canada.
Geotech specializes in airborne geophysical survey systems, according to Field Operations Manager Darren Tuck. The company’s clients are usually mineral exploration businesses that are interested in starting up a mine, and use the survey to find promising mineral deposits, including coal, silver, iron and copper.
Tuck said an apparatus carried by a helicopter will produce an electromagnetic pulse into the ground it flies over. Those pulses reflect off magnetic readers, and Geotech makes a map of the area after the process.
“It provides our client with a map of what the underlying layers of a structure looks like,” Tuck said.
Geotech is a global company based in Canada. Tuck said the company has worked for local mines, although he wouldn’t name any of the company’s clients in order to protect their confidentiality.
Tuck said the Elko airport was selected as the location to film Geotech’s equipment, known as Versatile Time Domain Electromagnetic surveying. Tuck said Geotech has more than 30 VTEMs. The apparatus comes in a variety of sizes.
For information, visit www.geotech.ca.
Work will consist of a helicopter-borne geophysical survey and an induced polarization ground survey on a circular anomaly. MDN plans to carry out about 1,500 metres of drilling on the target once the geophysical surveys are complete. The goal of the exploration program is to confirm the presence of a carbonatite or an alkaline system with the potential to host niobium/tantalum mineralization.
The Samaqua property covers a magnetic geophysical response similar to the one associated with Niobec Inc.’s niobium mine. The magnetic signature lies 23 km southeast of the Crevier deposit and 130 km northwest of the Niobec mine. The magnetic response is circular in shape with a strong magnetic aureole surrounding a weak magnetic core, which is identical to the magnetic response of the Niobec mine. In the case of Niobec, the core corresponds to a niobium carbonatite with a rare-earth-rich centre.
The circular anomaly lies at the southeastern edge of a lineament visible on the regional geophysical survey maps of Quebec’s Ministère de l’énergie et des ressources naturelles (see map). The northwest end of the lineament coincides with the porphyry syenite dike that hosts the Crevier niobium /tantalum deposit, and the southeastern extension of the lineament could be the southeastern extension of the dike, which would connect the two systems.
The results of interpretation suggest that the magnetic signature to the southeast of the Crevier deposit could correspond to other carbonatite-type mineralization with a niobium or rare-earth centre. Furthermore, these would be related to the Crevier deposit by the lineament that could be the southeastern extension of the Crevier dike. The Samaqua intrusive is part of the Saguenay-Waswanipi structural corridor that includes the Saint-Honoré carbonatites (Niobec) and Crevier alkaline complex in the Grenville region and the Lac Shortt and Montviel carbonatite in the Abitibi region.
Map: Magnetic geophysical response of the Sasguenay-Waswanipi structural corridor
Geology and mineralization
The property occurs in the Grenville geological province. According to the regional geological map published by the Quebec government, the northern part of the property is underlain by migmatite and granitic rocks, including pegmatite, whereas the southern part is composed largely of coarse-grained porphyritic mangerite, an intrusive rock of intermediate composition typically found in metamorphic terranes of Proterozoic age like the Grenville.
The property occurs just to the SE of the Crevier Nb-Ta deposit, along the projected extension of the nepheline syenite dyke that hosts approximately 25.39 million tonnes (Measured + Indicated) at 1960 ppm Nb2O5 and 2349 ppm Ta2O5. Historical prospecting work located pegmatitic syenite outcrops on the property, which are highly indicative of the presence of an alkaline intrusive favourable to metals like those at Crevier (niobium-tantalum) and /or Niobec (niobium and rare earths).
CAVAN VENTURES INC. announces it has exposed graphite-rich zones as a result of trenching on its 100%-owned Buckingham graphite property, located adjacent to the historic Walker Graphite Mine in Buckingham Township, Quebec. Graphite-rich zones were exposed in six trenches, and channel samples were collected from two trenches over a combined distance of 59.5 meters. Graphite-rich outcrops at the same location as one of the trenches assayed at 21.7% C.
Peter Swistak, President of Cavan states, “We are extremely pleased that many of our airborne EM anomalies identified last year are now confirmed as graphite mineralization. Our ground geophysics was able to confirm the anomalies in real-time, which allowed us to quickly expose the mineralization and collect samples for assay. We anticipate highly positive results and intend to return for further exploration in the coming weeks.”
In May the Company engaged Magnor Exploration Inc. (La Baie, QC) to conduct a short exploration work program. Ground-based geophysics was used to ground-truth airborne EM anomalies identified last year using the PhiSpy portable TDEM system. PhiSpy generates real-time EM profiles of the area being surveyed, and can detect buried conductors to approximately 10m depth. Dube & Desaulniers Geoscience (Ottawa, ON) was engaged to collect 3.3 line-km of survey data over priority airborne EM anomalies using the PhiSpy system. The real-time interpretation of TDEM data allowed the Company to execute trenching on several high priority targets.
A total of six trenches ranging from four to 48 meters in length and two meters in width were completed. Trench 22C was cut for 24 meters in a northwest direction, with a second perpendicular trench cut at its southeast end for 20.5 meters. Graphite-rich zones were exposed in both directions, and channel samples were collected over most of both trench lengths for a total of 33.9 meters. Mineralization at Trench 22C is still open to the north, with some visible flakes in the trench up to one centimeter in diameter. A rock grab sample assayed previously from this location returned 21.7% C (see news release, July 8, 2013). Trench #1 was cut in a west-northwest direction, with visible graphite channel-sampled over 25.6 meters. Because of the rich nature of the mineralization, these samples and those from Trench 22C were immediately shipped for assay.
A new graphite zone was also discovered roughly 150 meters east of Trench 22C, where graphite-rich veinlets in granitic-pegmatitic rocks contain graphite flakes over 5 mm in diameter. Additionally, an airborne anomaly approximately 400 meters north of the main set of conductors was confirmed by PhiSpy, but the program ended before this new target could be tested through trenching.
Tembo Gold Corp. (TSX VENTURE:TEM) (FRANKFURT: T23) (“Tembo” or the “Company”) is pleased to report progress on its 2014 work program on the Buly Trend target area on the Tembo Property in the Lake Victoria goldfield of Tanzania. A first drill hole has tested the Buly trend in the vicinity of artisanal workings and an IP geophysical survey has been completed and an initial diamond drill hole through a resulting significant anomaly has commenced. This anomaly is located along the interpreted projected extension of the structure that hosts the Reef 1 orebody at Bulyanhulu Mine.
IP Geophysical Survey
Spectral Geophysics has recently completed an IP survey measuring chargeability and resistivity. The survey was designed to probe to depths in excess of 800m, over a grid adjacent to the Bulyanhulu-Tembo boundary. Initial 200m spaced northeast oriented lines identified areas of interest over which the line spacing was closed to 100m to improve the 3-D model resolution.
The IP survey has revealed a weak sub-vertical chargeability anomaly, developed to a depth exceeding 650m along the Reef 1 trend commencing some 1500m from the boundary with the Bulyanhulu mining licence. This anomaly weakens slightly towards the northwest but approximately 400m further in this direction it strengthens significantly, particularly at depth and for 700m to the northwest to the end of the surveyed grid. The geophysical interpretation indicates that the chargeability response is increasing towards the end of the grid and becoming shallower and is open in that direction. The 3-D modeling of the geophysical response has provided the necessary information to plan initial test drill holes.
A second chargeability anomaly is located approximately 500m to the north, extending in depth from -50m to -450m where it becomes weaker. This anomaly extends some 600m along a northwest trend, parallel to the anomaly that is now being drilled.
Highlights of the Buly Trend work program include:
David Scott President & CEO stated, “The Buly Trend has for very obvious reasons always been considered an important target for the Company. The initial drillhole confirmed that at least one and probably more major shear zones are present in this area and appear to relate directly to the northwest extension of the Bulyanhulu system. The just-completed IP survey now provides us with strong evidence of potential sulphide mineralization possibly associated with a strong shear structure along this same Buly trend. The outcome of the first drillhole testing the chargeability zone is eagerly anticipated. “
Geology of the Buly Trend
The geology of the Bulyanhulu Mine sequence trends northwest into the Tembo licence area. Two northwest-trending structures that host the resource at Bulyanhulu (Reef 1 and Reef 2 450-500m apart), are believed to continue in a northwesterly direction through the boundary separating the properties. Reef 1 is located in a brittle-ductile shear structure located largely within an argillaceous meta-sediment on a mafic-felsic metavolcanic contact. A number of other sub-parallel magnetic lineaments are evident across a broad northwest-striking metavolcanic sequence. These structures commonly occupy contacts between individual lithological units consisting of stacked metavolcanic flows, alternating mafic and felsic meta-volcanic rocks and associated meta-sediments.
TerraX Minerals Inc. has received assay results from the first four holes drilled during the recently completed winter drill program at Northbelt, Yellowknife City Gold Project. These holes were drilled at the Homer Lake base metal target, which is located within 15 km of the city of Yellowknife and just 2 km from the new Bluefish Hydro Dam opened in July 2013. Assay results from nine holes drilled on TerraX’s two top priority gold targets, Crestaurum and Barney Shear, are pending and will be reported in the coming weeks, with the summer drill program expected to begin in late June 2014.
Two holes, TNB14-003 and TNB14-004, where drilled to test the down dip extension of surface showings sampled by TerraX in 2013 (chip samples of 7.0m @ 0.50 g/t Au 90.2 g/t Ag, 4.25% Pb and 0.89% Zn) and intersected felsic volcanics that are pervasively mineralized including multiple massive to semi-massive sulphide zones.
-- 71.15m @ 0.25 g/t Au, 14.0 g/t Ag, 0.73% Pb and 0.57% Zn in hole TNB14- 004 (inclusive of 3.42m @ 3.41 g/t Au, 69.3 g/t Ag, 3.67% Pb, 3.17% Zn in massive sulphides) and -- 60.87m @ 0.11 g/t Au, 10.4 g/t Ag, 0.58% Pb and 0.65% Zn in hole TNB14- 003; =================================================================================== The Homer Lake drill program was designed to test a 400m-500m long VTEM (electromagnetic) anomaly with an interpreted steep westerly dip that had been identified by airborne surveying in 2013 and continues for a further 1km as a weaker VTEM anomaly to the south. Two holes (TNB14-001 and TNB14-002) were drilled with an easterly azimuth on sections 100m apart and designed to intersect the northern end of the anomaly. Holes TNB14-003 and 004 were drilled to the east of the anomaly in an area where base metals were identified in historic trenches during 2013 field work (eg. chip samples of 7.0m @ 0.50 g/t Au 90.2 g/t Ag, 4.25% Pb and 0.89% Zn). A map showing the location of these drill holes is available on our web site atwww.terraxminerals.com .
Higher grade intervals occur within the mineralized felsic volcanic unit, and also in the adjacent mafic volcanics (see table). Within TNB14-004 these include 3.42m @ 3.41 g/t Au, 69.3 g/t Ag, 3.67% Pb and 3.17% Zn within felsic volcanics; and 5.31m @ 0.40 g/t Au, 64.5 g/t Ag, 3.65% Pb and 2.64% Zn at a felsic to mafic volcanic contact. Within TNB14-003 high grade intervals include 4.44m @ 0.16 g/t Au, 25.5 g/t Ag, 2.10% Pb and 2.59% Zn at a mafic to felsic volcanic contact; 1.50m @ 1.70 g/t Au, 43.3 g/t Ag, 2.41% Pb and 2.04% Zn in felsic volcanics; and 2.02m @ 0.34 g/t Au, 85.1 g/t Ag, 4.08% Pb and 3.72% Zn at a felsic to mafic volcanic contact.
Joe Campbell, P.Geo, President of TerraX, states “The mineralization drilled in holes TNB14-003 and TNB14-004 is located along one of six sub-parallel zones of mineralization identified by TerraX in field work during the summer of 2013. Several of these zones have been traced over hundreds of meters of strike length on surface. While the high-grade gold targets at Northbelt remain our top priority, these wide zones of mineralization, coupled with the higher grade intervals of massive sulphides, are indicative of a large precious metal-rich base metal mineralized system in the Homer Lake area that definitely warrants further exploration when time and resources permit.”
Alexandria Minerals Corporation reports on preliminary results from the recently completed, down-hole Induced Polarization (“IP”) Survey on its Akasaba property. Survey results yielded several strong targets on both the main Akasaba Mine Trend and the nearby parallel North Zone, adding to high priority drill targets in preparation for this summer’s drill program.
The principal geophysical targets on the main Akasaba and North Zones are up to 400m long along strike, open to the east, and open at depth. The anomalies, located below and to the east of the Akasaba Current Resources, are similar to those intersected by previously completed gold-bearing drill holes that contain 11.35 g/t Au over 6.0 m, 6.19 g/t Au over 5.05 m, and 4.69 g/t over 5.00 m (see Figures 1 and 2 below).
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/Figure1_AZX.pdf.
Eric Owens, President and CEO, stated “These are very encouraging results, and we are looking forward to testing these targets with drill holes. Through geophysical surveys and this past winter’s drilling, we have generated several strong targets for this summer’s 10,000 m drill campaign in an effort to build on our existing gold resources. We are still awaiting further geophysical results and drill assay results, which should provide further targets for testing.”
To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/Figure2_AZX.pdf.
The borehole geophysical (Hole-to-Hole Resistivity/IP) survey was conducted during the winter by Abitibi Geophysics. The survey was designed to investigate potential targets at depth around the Akasaba Current Resources. The survey used a conventional induced polarization technique, with a borehole-to-borehole array based on 19 pairs of holes. Once all the data combinations are collected, a 3D inversion uses all the readings simultaneously in order to estimate the location and volume of the anomalies. Validation of the geophysical results are provided by past Alexandria drill hole assays, which show excellent correlation between well mineralized gold-bearing zones and strong Induced Polarization anomalies.
Elsewhere, the Company is awaiting assay results from the recently completed 4,000 m drill program on its Sleepy project, located 12 km east of the Akasaba project.
The Akasaba property straddles the Cadillac Tectonic Zone (CTZ) and is underlain by the Val d’Or Formation, Heva Formation, Cadillac, Piche and Pontiac Groups. The main Mine Horizon lies approximately 600 m north of the CTZ and consists of basalt-andesite-rhyolite volcaniclastic rocks, tuffs and flows intruded by gabbro and diorite sills, and is bound on the south by massive dacite.
Akasaba hosts polymetallic mineralization, with widespread silver (up to 50 g/t) and copper (generally 0.2-0.4%, locally up to 1-2%), and local high grade zinc (up to 6.35% Zn over 0.3 m in a massive sphalerite-pyrrhotite layer), and local molybdenum. The following characteristics are pertinent to the any operating model:
Such characteristics are similar to those found in the La Ronde-Doyon-Bousquet district 45 km to the west, a gold-copper-zinc enriched mining district which has seen more than 26 million ounces of gold produced from a 7 km long trend, a trend that is 1/5 of the size of Alexandria’s property.
Dolly Varden Silver Corporation announces the results from its geophysical program at the Dolly Varden property in Northwestern BC. The geophysical models further confirm drill targets for the Company’s proposed 2014 drill program and identify several new targets.
The newly compiled geophysical data outlines key horizons at depth and other surface anomalies that are coincident with known mineral showings, geochemical and structural targets already identified on the Dolly Varden property.
The combination of airborne MAG, VTEM, ZTEM radiometric, and geochemical data, along with geological and structural mapping, was used to define priority target zones. These helped define steep linear features, syngenetic faults, lithologic contacts related to basin formation, and key fluid controlling structures. In addition, key rock units, contact zones and alteration zones most likely to be associated with mineralization, were identified.
This compilation has demonstrated that the known deposits, showings, and related alteration zones are all located within a rift setting. The key rock units that infill the rift have also been identified, and these represent viable targets for Eskay Creek style VMS mineralization. Drilling will be conducted within corridors where mineralized occurrences and coincident alteration haloes point to extensive hydrothermal fluid flow. The key target areas for 2014 drilling include syngenetic VMS-style mineralization and associated feeder structures.
The review of all available geophysical models identified six targets that are being recommended for follow-up work. Three of these targets are new and are located near the northern boundary of the Dolly Varden property and three of the identified targets confirm existing targets that are already scheduled for drilling in 2014.
The geophysical data adds information about the geometry and outlines the contacts between two key geologic horizons. In particular, the geophysics tracks the DVT Horizon to the north and under the Red Point area. Prior drilling on the DVT Horizon has intersected high grade silver mineralization that remains open to the north. The geophysics was also successful in outlining the Salmon River Formation that is prospective for Eskay Creek style mineralization. The geophysical results are congruent with, confirm, and add additional information to the targets slated to be drilled in 2014.
Further, the geophysical results indicate several new targets that have the potential for additional Eskay Creek style accumulations. These newly developed targets are located on the underexplored northern section of Dolly Varden’s property. The area is several kilometers to the North from the existing historical workings and abuts neighbouring exploration properties controlled by Homestake Resource Corporation and the Homestake – Agnico Eagle Mines joint venture.
The three targeted corridors are the 1) Torbrit-Red Point Corridor – following known silver mineralization underneath Red Point, an Eskay-Creek style target; 2) Musketeer Corridor – which runs along the east side of the Kitsault river with numerous Ag-rich epithermal vein-type showings with strong potassic radiometric signatures; and 3) Wolf-Surprise Corridor where an Eskay-Creek style host formation containing silver-rich VMS mineralization was identified by the Company’s 2011 drill program.
The geology underlying the Dolly Varden property consists of volcano-sedimentary rocks belonging mostly to the lower and middle Jurassic Hazelton Group. These include intermediate volcanic and volcaniclastic rocks of the Betty Creek Formation and bimodal volcanic and sedimentary rocks of the Salmon River Formation.
The principal silver-base metal deposits of the Kitsault River valley have been interpreted as vein mineralization by early workers. Devlin (1986) reinterpreted the main deposits to be volcanic exhalative in origin. Deposits of this type are formed as sub-aqueous hot-spring type deposits on the seafloor, as products of hydrothermal solutions that have vented from sub-seafloor fracture and fault systems. Furthermore, the silver deposits of the upper Kitsault valley are mapped with important geological similarities to the Eskay Creek deposit, providing an analog for exploration on the Property.
Stellar AfricaGold Inc. announces that an airborne Magnetic/VLF survey has been completed over the Opawica and Philibert I properties in the Chibougamau area in Quebec. An exhaustive interpretation done by MB Geosolutions inc., has outlined (8) gold and (3) Cu-rich polymetallic exploration targets. The interpretation was done by analysing current survey data in association to existing INPUT EM combined with Cu till anomalies from public data sources. Two of the copper targets are located in the Opawica South Block and one in the Philibert I Block. Four (4) gold targets are located in the Opawica North Block, three (3) in Opawica South Block and one (1) target in Philibert I Block.
The Company is now planning the spring/summer reconnaissance over Opawica and Philibert I property with an emphasis on the evaluation and sampling of the targeted area. A ground IP survey should be recommended to better outline the targets that are not outcropping. Trenching and drilling should follow during summer program over selected targets.
About OPAWICA and Philibert I Property:
The Opawica and Philibert 1 properties are located in the Chibougamau-Chapais mining camp within the Tomagold/Iamgold-Vanstar-SOQUEM working area which is to date the most active exploration camp in Quebec. Among the most important gold occurrences reported in the area, we note SOQUEM Meston Lake deposit (1.2 MT @ 6.25 g/t Au), SOQUEM Philibert deposit (1.3 MT @ 5.32 g/t Au), as well as numerous high grade drill and channel sampling reported by Tomagold, Vanstar, Murgor and SOQUEM as well as the former Joe Mann gold mine that produced over 1.0 million ounces of gold.
The OPAWICA Property consists of three blocks totalling 80 mining cells recently acquired by Stellar in the area of the new Liam gold discovery of the Nelligan Project of Vanstar. The Philibert 1 property is composed of one block of four mining cells and is part of the same area.
The Philibert-I showing was discovered in 1983 by prospection, and consists of a gold mineralization associated with quartz-tourmaline-sulphides veins. Historical exploration reported grades of 31.6 g/t Au and 2.54 g/t Ag in channel sampling across exposed quartz veins, and of 18.66 g/t Au over 0.6-metre cuts in a drill hole.
Orex Minerals Inc. – announces completion of an airborne geophysical survey at its Los Crestones precious metal project, Sinaloa, Mexico. The 4,168 hectare helicopter-borne radiometric and magnetic survey was flown at 50m line spacing by MPX Geoservices Ltd. Data are being processed and results are expected in the coming weeks. In addition, Orex has signed a contract with Quantec Geoscience Ltd (“Quantec”) to undertake an 18 line-kilometre TITAN 24 DCIP (Direct Current resistivity and Induced Polarization chargeability) ground geophysical survey.
The proposed survey comprises 5 lines, each 3.6km long and 400m apart and will be the first ground geophysical survey to be conducted at Los Crestones. During the work Quantec will also collect MT (Magnetotelluric resistivity) data on the central grid line. Scheduled to commence mid-May, the survey is centred over mineralized structures previously tested by shallow diamond drilling in 2011. Orex expects the results to augment existing geophysical, geochemical and geological datasets and intends to use the results to identify additional areas for drill testing later in 2014. Surveying and clearing of grid lines is currently underway.
According to Orex’s President, Gary Cope, “The known mineralized structures may be only a portion of the bigger picture at Los Crestones. Utilization of airborne and deep penetrating surface geophysics at this stage of exploration will allow our geological team to refine drill targets for testing in the latter half of 2014. “
The property was drilled previously by Astral Mining Corporation (“Astral”) now merged with Orex (news release February 12th, 2013). In late 2011 Astral completed 2,618m of HQ and NQ diameter core drilling in 18 holes. Drilling tested three mineralized structures which outcrop at surface. Significant intercepts were identified in many of the holes and may be viewed at www.orexminerals.com/s/Drilling-LosCrestones.asp. Reported results included a best intercept of 5m averaging 39.1 g/t Au, 93.3 g/t Ag and 2.13% Cu from 55m depth in HQ drillhole 11LD011. True width of this interval from the Bohemia structure is approximately 3.53m.
LOS CRESTONES GOLD-SILVER-COPPER PROJECT SINALOA, MEXICO
The Los Crestones project totals 4,168 hectares and is prospective for economic gold, silver and copper mineralization. Mineralization includes north-south oriented structural zones hosting quartz veins, quartz stockworks and breccia fill possibly related to a deeper porphyry and/or diatreme system. Three main structural zones were targeted in the first phases of work. Corona, Bohemia and Indio are elongate structures recognized on surface as erosion-resistant silicified ribs or “crestons”. The airborne and ground geophysical programs commissioned by Orex are designed to complement ongoing geological mapping and geochemical sampling. Orex intends to develop drill targets over the summer; diamond drilling is scheduled for late 2014.
Geology and Mineralization
The property is underlain primarily by volcanic and intrusive rocks. At lower elevations andesite and dacite are seen within an erosional window in creeks and drainages and are representative of the “Lower Volcanic Sequence” commonly recognized throughout western Mexico. At higher levels the sequence is capped by rhyolites of the “Upper Volcanic Sequence”. Felsic to intermediate intrusive rocks are also observed over a large proportion of the property. The INEGI 1:50,000 G13-C12 map sheet depicts two intrusive bodies on Los Crestones though Orex geologists have observed outcropping intrusive material across the property.
Mineralization is concentrated within a series of silicified, north-south trending quartz stockwork and breccia zones most prominent in the southern half of the property. Three structures subject to the most work to date are named “Corona”, “Bohemia” and “Indio”. Historically these structures have been tested in small pits and underground workings, many of which are still accessible today, the largest comprising some 40 m of development. Additional mineralized structures have also been identified and require follow up work.
Karl Kwan (Geotech LTD) presented at Canadian Exploration Geophysical Society meeting (8 April 2014) methodology and examples of using Neural Network Targeting and Classification at mineral exploration.
“Geophysical survey contractors routinely offer multi-parameter data to clients. For example, a helicopter-borne survey may acquire Time-domain electromagnetic (TDEM), magnetic gradiometer and even gamma-ray spectrometer data (i.e., VTEMplus, Geotech LTD). Exploration geophysicists can certainly take advantage some of the readily available multi-disciplinary (geology, geophysics and remote sensing) and multi-parameter (potential field, EM, gamma-ray spectrometry, and others) datasets for mineral exploration. However, the integration and interpretation of these datasets can be time-consuming and even challenging, especially for large-scale datasets covering large areas with diverse geological conditions. The Supervised Neural Network (NN) Targeting and Classification technique for mineral exploration described and demonstrated by Reford, Lipton and Ugalde, 2004, “Predictive Ore Deposit Targeting Using Neural Network Analysis” (http://www.pgw.on.ca/downloads.html), can be a useful and promising tool for the analysis of multi-disciplinary and multi-parameter data.
In this presentation, the properties or responses of the two feed-forward multilayer Neural Networks, Levenberg-Marquardt (NN with LM training) and Fast Classification (FCNN), as implemented in the current version by PGW, are studied in detail. The supervised NN simulations are performed on specially constructed synthetic data. Intended as a tutorial and the NNs treated as black boxes, the objectives of the exercise are twofold, to demonstrate the targeting as well as classification capabilities of the Neural Networks, and at the same time to show one of the known limitations and to suggest a way to get around it. The utility of the NN tool is demonstrated again with real cases from the Republic of Niger.”
Geosoft is delighted to host the online portion of the Canadian Exploration Geophysical Society meeting with keynote speaker Karl Kwan, Geotech LTD.
GoldQuest Mining Corp. announces that the Company has completed an airborne ZTEM geophysical survey covering its 100% owned Tireo Project, and has initiated its 2014 exploration program. Geotech Limited of Canada has flown 3,285 kilometers of flight lines, with investigation depths reaching 1.6 kilometers, allowing the Company to quickly and effectively evaluate the geological and mineral potential of the Tireo Project.
Results of the ZTEM Survey show:
“The ZTEM survey has revealed a strong correlation between the new survey data and mineralization at Romero and Romero South,” commented Julio Espaillat, GoldQuest’s CEO, “The survey has provided us with key insights into the conductivity, magnetism, alteration and structure of the Tireo belt, with numerous targets showing similar properties to that of Romero. We are identifying exploration targets, and plan to announce the commencement of drilling shortly, to compliment the Romero Project’s Preliminary Economic Assessment (PEA) expected in the coming weeks.”
2014 Exploration Update:
Following the ZTEM survey, the Company is evaluating and ranking its regional exploration targets. The 2014 field exploration program has commenced and a focused ground IP program is underway. Insight Geophysics of Oakville, Ontario, Canada is on site completing the ground IP program. The IP program is designed to identify chargeable zones along the regional trends identified by the ZTEM survey and mapping. The starting point for the IP program was along trend and directly north of Romero. The Company anticipates that IP surveying will continue for several months. Two drill rigs are stationed at the Company’s field camp next to Romero. The Company will initially mobilize one drill rig and expects to commence drilling by the end of April.
At December 31, 2013, the Company had approximately $11 million in treasury and is funded to complete the 2014 work programs and beyond.
The data in this press release has been reviewed and approved by Mr. Jeremy Niemi, P.Geo., the Director, Technical Services of GoldQuest and a Qualified Person for the technical information in this press release under NI 43-101 standards.