Archive for July 19th, 2012

VOXI: Presentation.

Posted by on Thursday, 19 July, 2012
FacebookTwitterGoogle+Share


Ground Geophysics for Brownell Lake Gold Property (Saskatchewan)

Posted by on Thursday, 19 July, 2012

Galaxy Graphite Corp. announces that it has commenced field work on its Brownell Lake gold property, located approximately 100 km E of  La Ronge. The work program will include line cutting, ground geophysics (VLF/Mag), mapping, prospecting and soil sampling.  This work will be managed by Mackevoy Geosciences Ltd of Williams Lake, BC.  This Phase 1 work program is expected to be completed by the end of July, 2012, with a Phase 2 field program in early September 2012 to follow up on the results of the current program.

Brownell Lake Property, Saskatchewan

An NI43-101 Technical Report was prepared for property vendor in October 2009.  This report can be viewed on Sedar (www.sedar.com) under the company’s profile. The report concluded that the Brownell Lake project is at an early exploration stage and additional ground geophysics, ground prospecting, geological mapping and geochemical sampling are warranted. Significant amounts of exploration data are available from the Saskatchewan Government and the digitization and compilation into a GIS database will greatly enhance the framework and help focus further work. Subsequent to compilation and further ground work, additional diamond drilling was recommended to assess continuity of mineralization tested in 2007 and 2008 and to evaluate the other anomalous zones in the area.
The Olsen Lake showing has been the main subject of exploration by 101053292 Sask Ltd. receiving preliminary drilling in 2007. Follow up drilling in 2008 successfully tested lateral and down dip extensions of the first promising drill hole, DDH BL-1. In total, 5 holes totaling 894.5 m have been drilled on the Brownell Lake Property. The drilling results include mineralized zones correlating between drill holes, assay values up to 13 g/t Au over 0.65 m (DDH BL-4), composite continuous assay values of up to 1.52 g/t Au over 11.6 m (DDH BL-4), and discontinuous composite assay values of 0.56 g/t over 17.3 m (DDH BL-2).