Archive for May, 2010

The new Matagami-type VMS Camp

Posted by AP on Monday, 31 May, 2010
MacDonald Mines Exploration  has announced today that the 2010 exploration drilling program on its McNugget Property has discovered new volcanogenic massive sulphide (VMS) mineralization of substance. Preliminary assays are reported below with follow-up full assays pending and will be reported when received. An analysis of technical data completed in February 2010 found magnetic and electromagnetic (“EM”) targets that were not previously explained. During the May portion of the 2010 drilling campaign, a Crone Geophysicsdown-hole EM system was used for drill target control – it has been established that McNugget VMS horizons show strongest conductivity where copper (Cu) content is highest.
A new VMS camp with characteristics similar to those seen at Matagami or Noranda in Quebec is now conceivable (i.e., larger VMS deposits with satellite deposits along strike).”
Massive sulphides were intersected in all May 2010 drill locations with widths varying from 2m to greater then 30m. One of the drill sites (two holes) on the McNugget Property intersected massive magnetite as well as associated ultra mafic materials. This location is characterized by a long magnetic high (magnetite) with an associated electromagnetic conductor (VTEM). These characteristics are very similar to those of the Freewest/Cliffs chromite discovery. The core from these two intersections is currently being tested for chromite. Additonal geophysics will be planned along this long trend (1.5 kilometres) to aid in interpreting the potential of this zone to host chromite.
Big Mac Property
MacDonald’s February 2010 re-interpretation created an initial program of 5 high-priority high-resolution ground gravity survey transects for both chromium (Cr) and nickel-copper (Ni-Cu) mineralization. Transect models were based directly on known mineralization signatures discovered within the “Ring of Fire”. The Company’s claim block contains both discrete and strike-extensive coincident airborne magnetic-VTEM and gravity anomalies within stratigraphically favorable geological packages with geophysical signatures similar to the significant Cr discoveries of Freewest and KWG-Spider near McFaulds Lake. Three gravity drill targets all exhibited anomalous densities coincident with local magnetic trends and have been interpreted to be steeply plunging dense bodies. Drilling was completed on one these targets in April 2010. Assays are pending. One of the gravity transects identified a density anomaly coincident with a discrete conductivity (VTEM) anomaly and offset magnetic feature that will be drill investigated for nickel.
Hulbert-Salo Property Exhibits Voisey’s Bay-type Targets
MacDonald is designing an exploration program for its highly prospective Hulbert-Salo Property which appears to host an intact intrusive complex with potential for Voisey’s Bay-type targets, as interpreted by Dr. Larry Hulbert. The Company’s airborne geophysical survey (VTEM) outlined very conductive, discrete targets within a layered magnetic structure. The high conductivities observed are typical of magmatic massive sulphides containing nickel. To optimize the Company’s chances of success, a surface time domain geophysical survey is being designed that will focus on the potential nickel targets. A Crone Geophysics‘ system will be used in the event that other more conductive (superconductors) and/or deeper targets were not detected by the airborne survey.
Exploration to Recommence June 2010
The next phase of exploration will commence in late June 2010. MacDonald believes that there is potential for its James Bay properties to host both Nickel and Chrome on the McNugget, Big Mac and Hulbert/Salo Properties.
As the assays become available, 3D target modeling will be based on assays, geology, magnetic susceptibility, conductance and so forth. Further drilling will provide greater detail on three selected VMS targets as well as the strongest potential Ni-Cu targets. It is anticipated that deeper drilling will be required to test the high conductance targets mapped by the geophysical programs used during May.

EAGE – Barcelona 2010

Posted by AP on Thursday, 27 May, 2010

14-17 June 2010
Barcelona, Spain

Barcelona 2010 offers technical presentations (almost 900!), workshops, field trips, short courses, sightseeing tours and more. This year, the short courses take place on 17 & 18 June.

Geophysical Sessions:

Seismic Data Processing 1 (EAGE)
Seismic Reservoir Characterization I (EAGE)
Passive & Microseismic Methods (EAGE)
Potential Fields – Theory (EAGE)

Seismic Data Processing 2 (EAGE)
Seismic Modelling 1 (EAGE)
Seismic Modelling 2 (EAGE)
Seismic Reservoir Characterization (EAGE)

Advances in Near Surface Geophysical Methods (EAGE)

Geophysics for Geohazards (EAGE)

Seismic Attenuation (EAGE)
Seismic Interpretation 1 (EAGE)
Seismic Noise & Multiple Attenuation (EAGE)

Advances in Near Surface Geophysical Methods (EAGE)


Northern Tiger Resources for Yukon Exploration Program

Posted by AP on Thursday, 27 May, 2010

Northern Tiger Resources Inc.  announces that it has commenced a $2.6 million exploration program on its Yukon projects.

“The Yukon is continuing to gain attention as a great place to invest and explore, and we are excited to see our 2010 exploration program ramping up,” says Greg Hayes, President of Northern Tiger Resources.

Sonora Gulch
The Sonora Gulch project is 100% owned by Northern Tiger. As disclosed in a news release dated March 2, 2010, the property hosts a large gold geochemical anomaly covering approximately 9 square kilometres with gold-in-soil values ranging from trace to 2,340 ppb (average grade of 56 ppb over 1,971 samples). Contained within the broad gold anomaly is a 2 kilometre by 1 kilometre copper-molybdenum anomaly that the Company is evaluating as a copper-molybdenum porphyry system (see news release dated February 25, 2010).

A crew has been mobilized to the Company’s Sonora Gulch camp to begin line-cutting in preparation for a deep penetrating geophysical survey by Quantec Geosciences Ltd. (the “Titan 24 Survey“). The survey is scheduled for mid-June, and will measure direct current resistivity and induced polarization to depths up to 750 metres. The primary target for the Titan 24 Survey is copper-molybdenum porphyry mineralization.

Following completion of the Titan 24 Survey, Northern Tiger is planning 12 to 15 diamond drill holes (3,000 metres) on the Sonora Gulch property. The drill program is being planned to test the property’s porphyry potential as well as one or two of the high-priority gold targets contained within the broader 9 square kilometre gold-in-soil anomaly identified on the property. The drill program is anticipated to begin in late June.

Airborne magnetic of Sanora: http://www.northern-tiger.com/i/pdf/Airborne_Magnetics_Sonora_Gulch.pdf

Minto-style Targets
Northern Tiger acquired five properties from Capstone Mining Corp. (“Capstone”) covering exploration targets where previous prospecting encountered copper mineralization similar to that found at Capstone’s Minto Mine. In addition, Northern Tiger and Capstone have a Regional Exploration Alliance Agreement (through Capstone’s wholly owned subsidiary Minto Explorations Ltd.), which provides for input and cooperation on planning and executing exploration programs and long term strategies for the area, sharing of technical expertise to assist in exploration and project advancement, and access to Capstone’s infrastructure to facilitate area exploration.

Two diamond drill holes (500 metres) are planned to test a Gradient Array Induced Polarization anomaly coincident with a copper-in-soil geochemical anomaly located on the DAD property (see news release dated April 13, 2010). The distinct chargeability high anomaly is suggestive of disseminated sulphide mineralization. It is 350 metres wide on the eastern end and 200 metres wide on the western end. The anomaly is in excess of 300 metres long, and open to both the east and west. The DAD drill program is anticipated to occur in early September upon completion of the Sonora Gulch drilling.

A surface exploration program is planned to investigate a number of airborne geophysical targets identified on the MEL property, which is located immediately to the north of Capstone’s Minto Mine. Additional surface exploration work is also planned to follow up on targets identified on the DEL and LED properties. This work is expected to occur in June, and if results warrant, ground geophysics surveys will be conducted over specific targets later in the season.


The expanding of Geophysical Surveys at Alicia Project in Peru

Posted by AP on Thursday, 27 May, 2010

Strait Gold Corporation  reports that it is expanding geophysical surveys at its Alicia copper- gold project in Peru to determine the extent of an iron-copper skarn zone (Zone 4) where historical trenching returned 20.2 metres along strike grading 1.7% copper and 0.94 grams per tonne (g/t) gold.

The geophysical program was expanded based on observations in the field during a program of mapping and sampling that is currently under way. Potential for further iron-copper skarn mineralization has been identified to the east of Zone 4, including isolated outcrops of iron-copper skarn. Since much of this area lies below cover, a ground magnetic survey will be conducted over the potential target and an induced polarization survey will be extended to the east of Zone 4 prior to selecting drill targets.

“Zone 4 returned the best gold values on the property as well as good copper values, and if it extends to the east, it could increase the tonnage potential at Alicia significantly,” said Strait Gold President Jim Borland. “Geophysical surveys, along with the mapping and sampling programs we have been conducting to date, will allow us to pinpoint drill collars on the most prospective of several targets we have now identified on the property.”

More than three-quarters of samples at Alicia from a recent program conducted by the Company returned values greater than 1% copper (see news release of March 23, 2010). One set of samples from a new zone (the Extension Zone) returned 5.65% copper, 0.95 g/t gold, and 45.25 g/t silver over 6.0 metres and resampling of one trench (Zone 5) returned 2.35% copper, 0.38 g/t gold and 15.14 g/t silver and 0.015% molybdenum over 16.5 metres.

The Alicia project is located within the Andahuaylas-Yauri Belt, which stretches across much of southern Peru. This highly prospective belt hosts numerous porphyry and skarn deposits, including Xstrata’s Las Bambas deposit (1.1 billion tonnes grading 0.77% copper), Antapacay deposit (720 million tonnes grading 0.56% copper) and Tintaya Mine (78 million tonnes of reserves grading approximately 1.1% copper and 0.16 g/t gold).

The Company is conducting a two-phase exploration program at Alicia. Phase 1 consists of community engagement, surface mapping, sampling and geophysical surveys to identify drill targets. Phase 2 will consist of drilling to test for mineralization at depth. Baseline environmental studies and preparation of an inventory of old mine workings on the property are also being conducted as required for issuance of a drilling permit.

The geophysical surveys are being conducted by Fugro Ground Geophysics Pty. Ltd.

A ground magnetic and TEM geophysical survey was performed over the main skarn area. The results of the magnetic survey are very useful in mapping the intrusive body and indicate magnetic anomalies where no intrusive outcrop has been mapped but has been observed in the field by Strait geologists. The TEM survey produced a few wide, poorly defined anomalies at depth, some of which were drill tested with no significant results (AL-03, not assayed).


Magnus Copper-Gold project update

Posted by AP on Tuesday, 25 May, 2010
Alchemy Resources Limited advises that the first round of exploration drilling at its Magnus Copper‐Gold Project in Western Australia has produced promising results which highlight the potential for the area to host repeats of Sandfire Resources Ltd’s neighbouring DeGrussa discovery.
The drilling program at Magnus, which is located 130km north‐east of Meekatharra, comprised seven reverse circulation (RC) holes on seven high priority targets that were identified by a VTEM survey completed in December 2009 (http://explorationgeophysics.info/?p=607). The first seven RC holes were selected across the width of the Magnus project to conduct initial testing of the high priority conductors identified by the VTEM survey and to assist with targeting the drilling of the remaining 26 priority conductor targets.
The initial drilling at Magnus has:
successfully identified extensive stratigraphic horizons within the prospective Narracoota volcanic formation with the potential to host volcanogenic massive sulfide (VMS) deposits. The Narracoota volcanic formation hosts the rich DeGrussa copper‐gold deposit; and
identified minor disseminated sulfides, which in conjunction with geochemical tests being done on bedrock samples, may help to uncover VMS mineralisation.
Down‐hole electromagnetic (DHEM) surveys were carried out in five of the RC drill holes. DHEM surveys are used to identify the source of any conductors that were not intersected in the hole by drilling.
In four of the RC drill holes, which intersected dominantly mafic volcanic and intrusive rocks with minor interflow shales, the source of the VTEM anomaly remains unexplained and will be followed up with further drilling to determine the source of the conductor. In the other three drill holes, intersections of thick intervals of shale are believed to explain the original VTEM anomaly.
Re‐modelling of the VTEM and DHEM data was carried out to better determine the geometry and conductivity of the sources of anomalies. These results, in conjunction with ground electromagnetic surveys, will refine the location of modelled conductors prior to further drill testing.
Forward Program
Ongoing drilling at Magnus will test up to another 26 bedrock conductors identified by the VTEM survey.  Other activities will include targeted ground‐based EM surveys to complement the VTEM survey and identify exploration targets at depth.
“These results are very encouraging and provide Alchemy with more strong evidence that Magnus hosts the geology associated with world‐class VMS deposits such as the DeGrussa discovery,” Alchemy Managing Director Michael Hannington said. “We will now push full‐steam ahead with the next phase of drilling at Magnus to test this enormous exploration potential.”


The discovery!

Posted by AP on Thursday, 20 May, 2010

Peregrine Diamonds Ltd.   reports the discovery of the CH-17 kimberlite on the Chidliak project on Baffin Island, Nunavut, Canada. The discovery of CH-17, 35 kilometres north of the nearest known kimberlites, CH-6 and CH-10, is further confirmation that Chidliak is a highly prospective and large Canadian diamond district. Formerly geophysical anomaly 166, CH-17 is the northernmost of two high-priority magnetic anomalies, 165 and 166, that have similar geophysical characteristics and are situated 200 metres apart under the same lake. Each of the anomalies has estimated surface expressions of at least one hectare. With this discovery, Peregrine management is confident that anomaly 165 is likely also a kimberlite.

The CH-17 drill core was described in the field as being macrocrystic olivine-rich kimberlite, containing country rock and mantle xenoliths, and abundant kimberlite indicator minerals. Pyrope garnet and chrome diopside grains up to 30 and 15 mm in size, respectively, were observed.

The CH-17 kimberlite is the first target drilled this year and the seventeenth kimberlite discovered at Chidliak since 2008. The discovery was made by drilling a vertical core hole from lake-ice into the centre of the high-priority magnetic anomaly and kimberlite was intersected underneath 41 metres of water and 2.5 metres of overburden. Three metres of kimberlite drill core was recovered before the hole was terminated due to drilling difficulties. A map showing CH-17 and the adjacent anomaly 165, and photographs of drill core, are available at: http://www.pdiam.com/i/pdf/chidliak613.pdf.

A second hole was not immediately attempted at CH-17 to allow for a thorough review and analysis of the drilling issues by Peregrine and the drilling contractor. While awaiting delivery of drill supplies, a geophysical anomaly 1.6 kilometres north of CH-17 was drilled because of its proximity to a favourable kimberlitic indicator mineral train. No kimberlite was intersected and the anomaly was explained by magnetic gabbro. The indicator mineral train is now interpreted as having likely originated from CH-17 and anomaly 165.

Since the CH-17 discovery hole was terminated on May 3, there have been ten days where weather did not allow access to the drill because of low visibility and/or high winds and blowing snow. In addition, unseasonably warm local weather has led to the formation of slush on the lake hosting CH-17 and anomaly 165. Both CH-17 and anomaly 165 cannot be efficiently drilled from the lake shore. For safety reasons, after a comprehensive analysis by an independent ice engineer, Peregrine has decided to postpone further drilling on the lake-ice at this particular locality until the spring of 2011. The drill is currently being moved to test two additional lake-based targets, anomalies 290 and 291 (see map at link noted above), that have more favourable lake-ice drilling conditions, and drilling is likely to commence in the next few days. Up to 30 land-based kimberlite targets are expected to be drilled this year during the spring and summer programmes at Chidliak.

Discoveries of high concentrations of kimberlitic indicator minerals (“KIMs”) on the 980,000 hectare Chidliak property in 2006 and 2007 encouraged Peregrine to look for new kimberlite deposits in the area due to the excellent potential for further diamond discovery. The property is located 150 km northeast of Iqaluit, capital of Nunavut. Three distinct and well-defined KIM anomalies situated 20 to 30 km apart were identified. Peregrine collected a total of 970 till samples at Chidliak in 2006 and 2007, of which 286 samples, or 29 percent, contained KIMs. The full suite of KIMs have been recovered from the property, including p-type pyrope garnet, eclogitic garnet, chrome diopside, picroilmenite, chromite and forsteritic olivine. A significant number of the KIMs were over 1.00 mm in size. Kimberlite mineral grains larger than 1.00 mm are not common and are often a strong indication of a proximal kimberlite source. Ten percent of the 2,284 p-type pyrope garnets that were analyzed by electron microprobe are classified as high-chrome, low-calcium G10 garnets. G10 garnets are commonly associated with diamond mines throughout the world. Based on the favorable indicator mineral results, a heliborne magnetic/electromagnetic survey commenced in July, 2008, the survey, flown at 100 metre line spacing, was completed in August.

The CH-1 kimberlite was discovered when a kimberlite outcrop within a circular magnetic anomaly selected from an airborne geophysical survey was identified.

More…


Petroleum Exploration in Papua New Guinea

Posted by AP on Wednesday, 19 May, 2010

LNG Energy Ltd. announced last month that it commenced the acquisition of High Resolution Airborne Magnetic (“HRAM”) and Gravity data over its southern licenses in Papua New Guinea, PPL 319 and PRL 13, in mid-February 2010. Sander Geophysics Limited (“SGL”) of Ottawa, Ontario (http://www.sgl.com) is conducting the fixed-wing acquisition of this high resolution survey at a minimum drape altitude of 150m, with an 800m normal traverse and 3200m control line spacing. In-field Quality Control and Project Management is being provided by Erwin Ebner of ELS Consulting Inc. out of Calgary, Alberta.

Once the southern licenses have been completed in early April, 2010, SGL will move onto LNG’s northern licenses; PPL 320, PPL 321 & PPL 322 to complete the remainder of the HRAM and Gravity program, using similar data acquisition parameters. Based upon current estimates the acquisition of the data over the entire 25,000 km of the northern and southern licenses should be completed by June 2010.

LNG has entered into a contract with Integrated Geophysics Corporation (“IGC”) of Houston, Texas (http://igcworld.com) to interpret the HRAM and Gravity dataset. IGC’s proprietary analysis incorporates existing seismic, wells and all available surface geological control with the recently acquired HRAM and Gravity dataset, to provide a comprehensive and fully integrated interpretation. IGC’s deliverables will include maps of Magnetic Basement Structure, Gravity Residual, Structural Models and Migratory Pathway. IGC’s interpretation will provide LNG with a proprietary prospect inventory, encompassing varying levels of exploration maturity.

“The aeromag and gravity program will provide basin definition to be followed up with 2D seismic and structural mapping for selecting drilling locations. A number of recent exploration successes in PNG have been based off targets generated by gravity and geophysical information. This fundamental, bottoms-up, exploration approach will provide LNG a clear understanding of the potential of our 100% working interest in the 5.5 million acres of our Papua New Guinean assets. We are very pleased with the initial quality of the data acquired to date. Based upon very preliminary data, we see indications of exciting anomalies that have been identified within the contiguous 540,000 acres of PRL 13 and PPL 319.” said Dave Afseth, President of LNG.

LNG Energy Ltd. announced as well that it has entered into an agreement with InterOil Corporation (“InterOil”) to acquire 2D seismic on LNG’s 100% working interest PPL 319 in Papua New Guinea. PPL 319 lies between InterOil’s PPL 237 and the PDLs/PRLs that collectively comprise the licenses of ExxonMobil’s US$15Billion LNG export development infrastructure announced on December 7, 2009. The seismic program includes the acquisition and interpretation of a 27km north-south line that is located 50m west of the boundary between PPL 319 and InterOil’s PPL 237. The program will be managed by InterOil and logistics have recently commenced, with final data acquisition expected in June 2010.

New claims under the geophysical program

Posted by AP on Wednesday, 19 May, 2010

Silver Shield Resources Corp. continues to expand its land holdings in what continues to be Canada’s hottest Gold exploration play, the West Timmins Area. The Company has recently added 13 un-patented mining claim units, covering an area of 208 ha, to the southern boundary of the Lost Dog Property, in south central Denton Township.

Tim Towers, CEO commented, “It is our belief that these claims, attached on the south side of the Lost Dog, was a key property for us, and we feel that this extension of our ground to the south is necessary to enhance and protect the high exploration potential of Lost Dog.”

Surface exploration work, including Magnetic and deep penetration IP surveys have recently been commenced on the Lost Dog, and the Company is awaiting final results on this initial work. Anomalies generated by these surveys will be “ground truthed” by geological mapping, and a stripping and trenching program this summer, and other areas will be tested with soil geochemistry. Follow-up diamond drilling of the anomalies will be conducted in the fall and winter exploration programs

The properties are underlain by a suite of felsic to intermediate intrusive rocks of the Kenogamissi Batholith, an older potassium feldspar-porphyry granodiorite that outcrops in the southern half of the property and extends across the property and a younger biotite-hornblende granodiorite that has intruded the feldspar porphyry granodiorite. These rocks have been variously affected by the Porcupine-Destor Fault Zone, and sub-parallel splay structures that are interpreted to cross the Lost Dog Property. The Gold deposits in the Timmins area appear to be also closely associated with these splay faults that trend off of the Porcupine Destor fault.


Goldbrook’s Raglan Winter Geophysics Program Underway

Posted by AP on Monday, 17 May, 2010

Goldbrook Ventures Inc.,   announces the commencement of a winter geophysics program at its McCart Lake camp in the western portion of the Raglan belt, Ungava, Quebec in order to carry out a planned winter geophysical program.  Contractors, equipment and support personnel arrived at the McCart Lake camp site in early April, using ski-equipped aircraft, to carry out a program starting April 18th, of ground magnetic and EM surveying in preparation for an aggressive exploration and drilling program during the summer season.

About 1600 line-kilometres of continuous recording high resolution magnetometer surveys over various areas of interest are being completed by Clearview Geophysics Inc. These high resolution magnetometer surveys are conducted in “walking mode” in conjunction with GPS guided snowmobile towed mode. The magnetometer data provide the mapping information for the detection and delineation of ultramafic bodies which host Raglan-style mineralization.

Two crews, from Crone Geophysics and Exploration Ltd, are conducting up to 70 line-kilometres of moving loop electromagnetic surveys using a combination of SQUID and fluxgate sensors. These sensors are state-of-the-art instruments specifically designed to detect and discriminate the highly conductive nickel sulphides of the Raglan deposits.  The moving loop model of surveying is labour intensive, but provides the highest resolution.

The 2010 exploration program, with a budget of over $17,500,000, includes a goal of 25,000 metres of diamond drilling in conjunction with an extensive program of prospecting, geochemical surveys, geological mapping and ground geophysics over both the east and west extensions of the productive north and south Raglan horizons. This is an aggressive expansion from the previous, and successful, exploration focus on the Belanger Trend into new, and high potential geological target areas. This program will follow-up on the positive results of geological, geophysical and remote sensing surveys completed in these areas over the last two years and which helped with discoveries of extensive nickel sulphides at the Mystery and Timtu zones.  The work is expected to be successful in defining new sulphide nickel occurrences within the Company’s extensive Raglan Nickel Belt property holdings.

The large Goldbrook property is located in Nunavik, northern Quebec, Canada.

The 2008 exploration program consisted of 12,000 metres of BQ size core drilling, a remote sensing program that covered large parts of the Goldbrook property, a regional geology and sampling program, interpretation of VTEM geophysical data collected in 2007, and reclamation of two camp sites previously used for exploration in parts of the Goldbrook property.

There are numerous other areas of interest / showings that warrant analysis and search for specific drill targets. Some of these areas are also candidates for further geophysical surveys or tests with methods such as gravity, walking magnetics, ZTEM, and SQUID-sensor ground EM, and possibly for more detailed VTEM analysis. In addition, analysis of regional geochemical data (rock, soil and till) may provide insights or support other evidence for drilling.


MPX Geophysics in Mexico

Posted by AP on Friday, 14 May, 2010

BOWMORE Exploration Ltd. has announced that it has contracted MPX Geophysics Ltd. of Markham Ontario, to conduct a helicopter-borne geophysical survey on its recently acquired “Natora-South” now called “CHIVAS” property covering over 24,000 hectares in Sonora, Mexico. The Chivas property is located in the Sierra Madre Occidental known for its numerous gold-silver mines. The airborne survey is scheduled to commence this week and will be completed by May 25. The flown pattern takes into account the geological trend and the major structures interpreted from the government regional magnetic survey. A total of 568 km will be flown covering an area of 75 square kilometres. The high sensitivity aeromagnetic survey was designed to detect any major structure or underlying intrusion known to be associated with the gold mineralisation in the district. The radiometrics will identify with more accuracy the zones of alteration interpreted from the Aster image. Argillic and silica alteration zones are recognized in association with mineralisation in the district at Dolores, Mulatos, Pinos Altos and Ocampo major gold mines. Such alterations identified during the survey will be the object of a ground follow up, supported by mapping, prospecting and geochemical sampling.

The data interpretation will be realized by a geophysicist once the survey is completed and the data sets are made available. Bowmore will integrate this new data with existing geological mapping and historical exploration records to generate an interpretation that will be used to direct a more focused gold exploration program. Through the analysis of the survey results Bowmore will study the correlation between the identified structures to the known gold occurrences and alteration zones of the property. The property encompasses Cretaceous limestones overlain by a volcanic series of Cretaceous to Triassic age and intruded by Triassic felsic intrusions similarly to the geological setting described at “Minefinders” Dolores mine located 15 km East, “Alamos” Mulatos deposit 40 km south and “Gammon Gold” Ocampo deposit 80 km south. All these deposits report reserves exceeding 1 million ounces.

--  The Chivas property exhibits several areas with strong argillic and/or
    silicic alteration observed from an ASTER satellite image as observed at
    the Dolores deposit located 15 km to the east. So far, only 2 of those
    areas have been investigated by restricted drilling;
--  A structural control of the mineralisation is described in several of
    the major surrounding gold deposits; major structures are suggested by
    the regional magnetic map and by the topography within the Chivas
    property block and will be verified by the actual magnetic survey.

Amex Exploration inc. has announced as well that MPX Geophysics Ltd., is starting a helicopter -borne geophysical survey on the recently group of properties bought from Blue Note Mining that includes its 100% owned Nueva Escondida and Natora North under the same contract, the survey will also cover the Natora-South property recently optioned by Bowmore and now called the Chivas property. The group of properties cover over 48,000 hectares in Sonora, Mexico and are all located within the Sierra Madre Occidental gold belt known for its numerous gold-silver mines.