Posts Tagged gold

Magnetic Survey Identifies extra length of Potential Strike in Arizona

Posted by on Friday, 11 April, 2014
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 Patriot Gold Corp.  a developing gold and silver exploration and production company, announces the results of an airborne magnetic survey of its Moss Gold-Silver project located in the historic and active Oatman Mining District near Bullhead City, Arizona. Results of the survey included use of magnetic, field mapping and historic mineral and workings data.

  • The main Moss resource and hosting structure lies along a well-defined magnetic high and includes three kilometers of unexplored potential on one structure.
  • Nine magnetic linear anomalies associated with know mineral occurrences and historic workings were found as part of the Moss structure, indicating potential for hosting new discoveries along these structures.
  • One structure includes nearly six kilometers of a mapped extension of the Gold Road deposit which previously produced nearly 500,000 ounces at 0.32 opt gold.
  • The implications of the new data indicate that the exploration potential of the Moss site is very good and that there is the likelihood of further discoveries on the Moss property.
  • Following the interpreted results of the survey, the Company’s partner Northern Vertex Mining Corp., is currently designing an exploration program to assess the potential of the additional structures identified that would run concurrently with Phase II – Operations Phase of the Moss project plan.

The survey found a total of 21 kilometers of potential strike length along the entire Moss Mine property. In addition, several other linear magnetic lows and highs were found that would require ground work to determine if they are mineralized.

In June 2013, a preliminary economic assessment of the Moss Mine Project, which did not include the current survey results, assessed the measured and indicated gold equivalency of the site at 654,000 ounces with an inferred resource estimate of 82,000 ounces.

“While the results of the survey are preliminary at this stage, this type of mapping has been the foundation for many successful early stage exploration programs,” said Bob Coale, CEO of Patriot Gold. “Considering that the historic production in the Oatman District previously exceeded 2 million ounces of gold production, we believe the survey results highlight the Moss Gold-Silver project’s high potential for additional gold discoveries which could further increase the value of this property.”

Geology of the Moss Mine Property

The project area is underlain by Tertiary quartz monzonite (a coarsely crystalline rock composed primarily of quartz, plagioclase and orthoclase) intruding Tertiary age volcanics. Precambrian basement rocks underlie the volcanics. The veins consist of quartz-calcite and lesser adularia. The Moss vein system is up to 45 feet thick and can be traced on surface for over a mile. The hanging wall of the main vein commonly has several tens of feet of stockwork veining. Dipping 40-60 degrees to the south from a high ridge, the quartz-calcite veins and stockworks are being drilled as a bulk minable gold target. Based on the results to date, Patriot believes the Moss Mine project has the potential for an economic resource of leachable gold and silver in the order of one million ounces of gold equivalent.


Exploration on Éléonore Gold project, Québec

Posted by on Friday, 14 March, 2014

Midland Exploration Inc.  reports the beginning of its exploration activity on its 100% owned James Bay Éléonore Gold project located in James Bay, Québec. The first phase of the 2014 exploration program consists of a helicopter airborne magnetic geophysical survey over the Éléonore Centre property.

The Eléonore project, which encompasses the Éléonore Centre and West properties, is constituted of a total of 247 claims covering 128 square kilometres, and is located approximately 30 kilometres southwest from and in a geological environment similar to Goldcorp Inc.’s Éléonore deposit. This world-class gold deposit contains reserves of 4.03 Moz Au (proven and probable categories), combined measured and indicated resources of 4.84 Moz Au and inferred resources estimated at 4.10 Moz Au. (Source: Goldcorp press release dated February 13, 2014).

Prospecting conducted by Midland from 2009 to 2013 on the Éléonore Centre property identified the presence of several gold showings associated with quartz-tourmaline pyrite bearing veinlets occurring in sheared metasediments, as well as mafic and felsic metavolcanics which returned up to 18.8 g/t Au. These results strongly suggest that an auriferous hydrothermal system is present on the property by a strong abundance of quartz-tourmaline veins over a plurimetric area. In addition, the 2013 ground induced polarisation (“IP”) survey identified many north-south trending IP anomalies and several remain unexplained. The 2011 soil geochemistry survey permitted to delineate a series of As-Cu-Sb anomalies clustered along a north-south-trending axis. Finally, a series of parallel northeast trending AeroTEM II conductors were outlined by the 2010 airborne geophysical survey which targeted sulfide bearing Éléonore-type sediments on the northern part of the Éléonore Centre property. Some of these conductors coincide with uncovered gold-bearing disseminated to semi-massive sulfides zones identified by Midland and several EM anomalies still remain unexplained.

A high definition airborne magnetic survey covering the Éléonore Centre property was just completed, including the area covered by the 2013 IP survey. The results and interpretation of this survey, totalizing 386 linear kilometres, are pending. Furthermore, preparation for the upcoming 2014 summer exploration program on the Éléonore Centre property currently underway.

Location:

  • The Eleonore property is located about 450 kilometres north of the town of Matagami, in the Opinaca Reservoir area, James Bay, Quebec.

Property:

  • The Eleonore property consists of two claim blocks (Centre and West). The Centre Block consists of 121 claims covering a surface area of about 63 square kilometres, whereas the West Block consists of 109 claims covering about 57 square kilometres. The two blocks are located about 30 kilometres southwest of the Roberto deposit on the Eleonore property held by Goldcorp, where measured and indicated resources are estimated at 3.15 million ounces of gold and inferred resources at 6.25 million ounces of gold.

Highlights:

  • Covers a major N-S-trending structure between metasedimentary rocks and metavolcanic rocks interpreted as the extension of the structure occurring near the Eleonore gold deposit.
  • Prospecting work has uncovered many new gold showings associated with metasedimentary rocks (conglomerates and greywackes):
    • Golden Gun showing: 18.8 g/t Au, 13.6 g/t Au, 0.76 g/t Au
    • Golden Gun West showing : 1.69 g/t Au
    • Aston Martin showing : 1.63 g/t Au
    • Gold Finger showing: 1.01 g/t Au, 0.82 g/t Au
    • Golden Eye showing: 1.90 g/t Au, 0.90 g/t Au
    • Casino showing: 0.76 g/t Au, 0.64 g/t Au
  • Located along a regional metamorphic gradient, typical of the contact between the La Grande and Opinaca groups.
  • New soil (humus) geochemistry anomalies identified in the south part of the Eleonore Centre Block.

Coincident Geochemical and Geophysical Data Pinpoints Drill Targets, Greyhound, Nunavut

Posted by on Saturday, 1 March, 2014

Aura Silver Resources Inc. announces the results of a comprehensive report completed by L.E Reed Geophysical Consultant Inc. (“Reed”) which supports, from a geophysical standpoint, drill targets established geochemically by Activation Laboratories Ltd. (Actlabs) Spatiotemporal Geochemical Hydrocarbon (“SGH”) technology for the Aura Lake area as well as the Dingo prospect north-west of Aura Lake, both part of the Greyhound Project, NU.

As reported by Reed, “Correlations between the geochemistry and various geophysical data suggest support for the possible identification of gold and silver deposits at Aura Lake and a gold and copper deposit at Dingo”. This report may be accessed at the Company’s web-site (http://www.aurasilver.com/s/Home.asp) under the section Projects / Canada.

The potential sources of high-grade gold boulders (up to 28 g/t) and high-grade silver (up to 5,300 g/t) have been identified in close proximity to Aura Lake. The gold and copper targets at the Dingo prospect area north-west of Aura Lake are surface showings. New interpretation of geophysical data and SGH has refined the drill targets. This geophysical analysis has identified multiple structures/contacts with the use of three-dimensional inversion imagery of airborne VTEM EM and magnetic responses and ground Induced Polarization and Resistivity data. These structures/contacts at Aura Lake may have provided a pathway for fluids carrying mineralization and are interpreted to support the drill targets originally defined by geochemical analysis.

Robert Boaz CEO and President of Aura Silver states that, “The detailed geophysics analysis undertaken by Reed gives us further comfort that we are zeroing in on the source of high-grade surface gold, silver and copper mineralization. Despite the difficult market for all junior exploration companies we continue to enhance the value of our properties.”

During the fall of 2006, an airborne MEGATEM® geophysical survey was flown on the initial property by Fugro Airborne Surveys Corp. In 2007, further prospecting of MEGATEM anomalies took place. Samples collected in 2007 contained up to 2.4% zinc (Zn), 1.02% copper (Cu), 8.1% lead (Pb), 10g/t gold (Au) and 51 g/t silver (Ag) highlighting the potential for discovery of VMS (volcanogenic massive sulphide) ores.

During 2008, Fugro completed the flying of a GEOTEM® survey over the new Greyhound claim group. Results from this survey were utilized in an on-the-ground field program to complete geological mapping and sampling. Samples prospected during 2008 contained up to 4.1% Cu, 13.4% Zn, 8% Pb, 2,700 g/t Ag and 28g/t Au and to the northeast of Aura Lake a series of boulders contained up to 18.5% Zn and 9.2% Cu.

In late 2009, a high precision VTEM® helicopter borne electro-magnetic survey was completed.


Geophysical exploration program in Nicaragua

Posted by on Tuesday, 18 February, 2014

Caza Gold Corp. announces that the Company has initiated the 2014 exploration program at the Los Andes and Pochote properties in Nicaragua. The Company is planning a large airborne geophysical survey and a drilling program which will test 2 of the highest priority gold targets.

Plans are underway to complete a geophysical survey along a 12 kilometer long trend of continuous alteration within the Los Andes and Pochote claims, followed by a drilling program to test two gold targets not previously drill tested during the 2012 Pedregal program. The upcoming drilling will test the Quisaltepe and San Francisco gold zones. Access agreements have been obtained for the San Francisco area and drill access road construction is underway. Negotiations for access in the Quisaltepe area are being finalized. The drilling program is expected to begin, pending contractor scheduling, by April and is planned to complete approximately 10 to 15 holes each 200 to 250 meters deep. A dedicated budget of approximately CDN$1.3 million has been set aside from the proceeds of the December 2013 CDN$2.5 million financing to execute the exploration program.

The Company has contracted Aeroquest Airborne to complete the helicopter based geophysical survey which will cover approximately 36 square kilometers over the Pedregal, Quisaltepe and San Francisco gold targets acquiring versatile time domain electromagnetic (VTEM) and magnetic data along approximately 530 line kilometers at 100 meter line spacing. The survey is scheduled to begin in March pending the importation of the survey equipment and final scheduling of personnel and equipment. Geophysical survey results in conjunction with geochemical results, structural and alteration mapping will further define the drilling locations.

The VTEM and magnetic data are targeting the conductive massive sulfide horizons and the resistive silicified zones associated with large faults and possible areas of gold mineralization. The magnetic portion of the survey will provide additional information identifying the fault zones and deeper porphyry style mineralization and intrusive bodies. The survey will cover the Pedregal area, drilled in 2012, which intersected thick horizons of sulfide mineralization and strongly silicified zones with elevated but sub- economic gold concentrations (refer to Nov. 29, 2012 news release for details) and along the 10 kilometer trend to the San Francisco target at the south end of the zone.

Los Andes High Sulfidation Gold Property, Nicaragua

The Los Andes Property is located approximately 1 hour east of Managua on Highway 7 with excellent access. The property covers approximately 6,575 hectares and is strategically located within the Central Nicaragua Gold Belt between the El Limon and La Libertad Mines of B2 Gold.

The Los Andes property is a high-sulfidation style of gold mineralization.  High-sulfidation gold systems host some of the largest gold deposits in the world with examples such as Yanacocha and Pierina in Peru.  Favorable alteration and mineralization has been traced along the regional northeast trending Los Andes structure for at least 11 km on the Los Andes property.  The extensive alteration system is exposed on the surface and consists of very strong silicification associated with zoned alteration from higher temperature advanced argillic zones surrounded by successively lower temperature argillic, and propyllitic alteration.  The alteration is associated with anomalous values of gold, silver, and highly anomalous levels of indicator metals such as bismuth, tellurium, selenium, arsenic, antimony, and mercury.


Airborne EM before the discovery of wide spread gold-silver-zinc-copper mineralization

Posted by on Tuesday, 18 February, 2014

Bayfield Ventures Corp. announces the completion of a National Instrument (NI) 43-101 Technical Report on the Company’s 100% owned mineral rights “B” Block gold-silver property, Rainy River district, north-western Ontario.

 

 

 

 

 

 

 

 

 

Drilling on the “B” Block property has resulted in the discovery of wide spread gold-silver-zinc-copper mineralization. No mineral resource calculations have been done on the property. Drilling to date has been relatively wide spaced and shallow. All known mineralized intercepts lie within 400 metres of surface. Less than 5% of the drilling on the property has been done below the 400 metre below surface level.

The property is positioned in the eastern portion of the developing Rainy River district. The south edge of the property is located approximately 350 metres north of the near surface position of the Intrepid shoot, located on ground controlled by New Gold. The Intrepid shoot is a SW plunging, robust zone of gold-silver mineralization that has been jointly delineated by Bayfield Ventures and Rainy River Resources since its discovery by Bayfield in December 2011.

Mineralization on the “B” Block is contained within a package of NNE striking, vertically dipping, strongly foliated, sheared and locally folded dacite porphyry wall rocks. Pervasive sericite-silica +/- biotite alteration is developed within the dacite package. Sericite is dominant in the southern half of the property while biotite and silica are well developed in the northern portion.

The interlayered dacite porphyry, argillite and mafic volcanic lithology of the known rock package at the “B” Block are very similar to that found by Bayfield at its nearby Burns Block property. Additionally, discovered gold-silver-base metal mineralization at the “B” Block is hosted within highly foliated dacite intrusive and or volcanic rocks, again, a setting very similar to that at the Burns Block and at other well mineralized zones along the developing district-scale trend.

The drilling of a series of NW trending angle holes across the SW flank of the strong VTEM anomaly in the northern portion of the “B” Block property is also recommended. Drilling in the heart of the anomaly completed in 2013 showed a rock sequence nearly identical that which overlies the Intrepid Shoot in the eastern portion of Bayfield’s Burns Block project.

The survey was flown in two distinct blocks, an eastern block covering the Burns and “B” Block exploration areas and a western block covering the large “C” Block exploration area. Interpretation of the preliminary data is complete and the following drill targets have been identified:

• A strong, discrete conductor in the east-central portion of the Burns Block has been identified and will be drill tested. No previous drilling has been done in this portion of the property. The anomaly is located in the same area as the multi gram surface samples reported above.

• A strong, discrete conductor in the northeast portion of the “B” Block has been identified and will be drill tested. No previous drilling has been done in this portion of the “B” Block property.

• The cesium magnetic data from the “C” Block survey show clear evidence of mafic volcanic rocks in the northern portion of the property. These rocks are separated from interpreted intermediate volcanic rocks by a sharp contact that is very likely a fault. The interpreted fault contact and the area of interpreted intermediate volcanic (dacite or equivalent) rocks present top quality drill targets at the “C” Block. Drill testing of this area is planned for the first quarter.


IP survey at a project in the Dominican Republic

Posted by on Tuesday, 18 February, 2014

Precipitate Gold Corp.  announces it has initiated a ground Induced Polarization (“IP”) geophysical survey at the Company’s 100% owned Juan de Herrera project in the Dominican Republic.

Insight Geophysics Inc. (“Insight”) has been contracted to conduct the survey and crews have commenced grid line cutting and ground preparations in advance of the project’s maiden geophysical survey. Crews will establish a control grid over the project’s Ginger Ridge Zone, where the Company’s previous surface work outlined a gold-rich geochemical anomaly measuring 1,000 metres by 400 metres and yielded highlight rock grab sample values up to 11.8 grams per tonne (“g/t”) gold and 100 g/t silver, as well as a 13.0 metre continuous channel sample that returned 1.5 g/t gold and 20 g/t silver, open in both directions.

Precipitate’s President & CEO, Jeffrey Wilson stated “We’re excited to commence this program, as induced polarization geophysical surveying has proven to be an effective exploration technique at other projects within the Tireo volcanic belt. It was an important targeting tool at other notable recent discoveries within the Tireo belt, particularly those of GoldQuest Mining and Unigold Inc. We’re pleased to be working with Insight on this important next phase of exploration work at our Juan de Herrera concession, as its local experience and expertise offers Precipitate an advantage in data compilation aimed at identifying anomalies and delineating possible drill targets.”

Insight’s IP survey will measure the relative chargeability and resistivity of underlying rock and highlight areas that may contain higher sulphide and/or resistive silica concentrations. Previous work in the Tireo belt, by Insight and others confirmed a correlation between high chargeability and sulphide mineralization at the Romero and Candelones discoveries. The attached map shows the approximate outline of the proposed grid to be emplaced in relation to existing soil geochemical anomalies and grab/channel sample results at Ginger Ridge. IP surveying will start near the centre of the grid and can be expanded based on interpretation of results as they are generated. The survey is expected to provide a greater understanding of the subsurface mineralization and geometry and assist in prioritizing targets for follow up trenching and/or a first-phase drill program.


The first airborne EM survey over Tireo gold belt in Dominican Republic

Posted by on Friday, 14 February, 2014

GoldQuest Mining Corp. has commenced flying a helicopter borne ZTEM geophysical survey covering its’ 100% owned Tireo Concessions. The geophysical survey is the first Electro Magnetic survey ever flown over this belt, and will include a high-sensitivity cesium vapour magnetometer for mapping geologic structure and lithology.

 ”Results from this survey will complement the PEA underway at our Romero discovery, providing significant newsflow over the next year,” commented Julio Espaillat, GoldQuest’s CEO, “ZTEM has been selected in light of our knowledge gained at the Romero discoveries. This allows us to quickly evaluate the complete area to depths beyond 1 kilometer. We are confident that if there are other similar hydro thermal systems in our large Tireo concession areas, we will identify them with this state-of-the-art system.”

The map link to: http://goldquestcorp.com/images/press_release/GQC_TireoBeltExplorationMap.jpg

Shows the extent of the ZTEM survey, surrounding our Romero discovery where the maiden technical report describing a multi million ounce gold equivalent resource was filed on December 17, 2013.

Geotech Limited of Canada is flying the ZTEM and magnetometry survey over all of GoldQuest’s concessions in the Tireo Formation, totaling approximately 3,000 line kilometers, at a combination of 100 and 200 meters line spacing. The survey will improve the understanding of the geology and mineral potential along the Tireo trend, and will provide insight into the conductivity, magnetism, alteration and structure of the belt, in light of the Romero discoveries, which will be covered as part of the survey. The data will complement the induced polarization, ground magnetic, mapping and sampling programs which has generally been confined to an area within 5 kilometers of Romero, leaving the majority of the 60 kilometer strike length of the Tireo Concessions unexamined to date. The survey covers areas that have been granted to GoldQuest, and those areas under application.

The Company’s 2014 approved budget for the Tireo Project covers the exploration of the Tireo Formation in the Dominican Republic, and includes this airborne survey, ground follow up and drilling of any anomalies in 2014.

 


Exploration drilling for gold initiated by airborne geophysics results in Ghana

Posted by on Friday, 14 February, 2014

Asante Gold Corporation  announces final results and interpretation of the exploration drilling completed to date on the Fahiakoba gold concession in Ghana.

Drill holes were spotted to test sections of airborne geophysical (MAG/VTEM) and ground auger soil geochemical anomalies. Initial drill holes were spaced from 400m to over 1km apart and later tightened to 100m step-outs where gold mineralization was noted. A total of 30 drill holes were completed in two phases, for 4985 m. A collar map is available at:http://www.goknet.net/Asante/FAHcollarsNRJan20.pdf.

Geotech conductivity depth inversion

With the exception of four significant gold intersections (to 0.50 m @ 295 g/t Au), initial sampling results were low. VTEM conductors correspond with favourable graphitic shear zones in meta-greywacke or regional scale graphitic meta-phyllite/argillite units. Weak gold anomalies in core from saprolite have generally accounted for the anomalous auger soil geochemical targets tested in the program.

However, wide zones of moderate to strongly quartz veined meta-greywacke, and carbonate alteration were noted in the program. These zones correspond with elevated to locally significant gold values, as noted in the table below, and are considered high priority targets for additional drilling.

Further drilling is also required along the trend to the NE of Perseus Mining Ltd’s discovery hole NSRC010 located ~1 km south of the Asante Fahiakoba concession boundary and which yielded 30m at 2.2 g/t Au, including 4m at 9.0 g/t Au (Perseus Quarterly Report, December 30, 2012 – true width unspecified).

 

Property Geology

The property is underlain by favourable Birimian meta-sediments, with more than 70% of the Fahiakoba concession covered by transported alluvial material. No modern exploration or drilling has taken place to date. Recent airborne geophysical surveys have outlined some 20 km of strong NE trending shear and fold zones, some of which have associated VTEM conductors. These type of structural targets at Perseus and elsewhere in Ghana host significant gold deposits and will be the target of our ongoing exploration efforts. Anomalous gold values have been noted in a pit with quartz stockwork in granite that is associated with one of the airborne geophysical targets. Phase 1 auger drilling to test below the alluvial cover has been completed with anomalous gold trends identified.


IP data analysis at copper-gold project in Mongolia

Posted by on Monday, 10 February, 2014

Kincora Copper Limited  provides an overview on an internal interpretations of last years exploration programme at Kincora’s flagship Bronze Fox license (Oyu Tolgoi South Gobi porphyry copper belt in southeast Mongolia) having integrated them with previous geology and geophysical results. This follows the recent receipt of positive findings from three independent consultants, further reinforcing an independent groups’ technical review late 2012, advancing and refining multiple bulk tonnage copper porphyry targets.

Some of the Key findings include:

  • Previous results coincident with lower priority Induced Polarization (IP) chargeability anomalies supporting IP being an effective exploration tool
  • Multiple large-scale copper porphyry targets with favourable geology and geophysics drill ready supporting the possibility of bulk tonnage ore mineralization in “finger type” porphyries similar to Oyu Tolgoi or Northparkes in New South Wales
  • Happy Geo prospect has emerged as an attractive, earlier stage, at or near surface follow up exploration target, plus the potential for porphyry targets at depth

 

 

 

 

 

 

 

 

Commenting on today’s announcement, Sam Spring, President and CEO of Kincora, said:

“Internally we are very pleased because drilling in late 2012 was extremely encouraging with localized higher grade, for example over 4% copper in our last hole, and broad lower grade intersections, including at least 800m @ +0.40% CuEq, with 37m @ +1% CuEq, in an earlier hole. Our 2013 field season deployed some of the same wide ranging and detailed exploration techniques used at Oyu Tolgoi to significantly increase the confidence in high priority, and large scale targets that demonstrated exceptional corresponding prospectivity. Last years’ activities, independent consultants analysis and discussions with various industry groups have assisted to “explain” previous results, convincingly prove a fertility signature for copper porphyries and in de-risking multiple drill ready targets.

Considering the size of the anomalies and advance stage of target areas, two key attractions and relatively unique characteristics of Bronze Fox, successful proof of concept activities in 2014 could provide visibility of significant copper-gold resource potential of Oyu Tolgoi or finger style copper porphyries. While earlier stage, the Happy Geo prospect has too emerged as an attractive exploration target, reinforcing that Bronze Fox continues to look better as more activities are undertaken. Kincora is persisting with additional measures to add shareholder value and is encouraged by initial, and further proposed, reform to the Mongolian mineral sectors legislative environment, amongst other efforts to provide additional advantages to the private sector.”

 

 

 

 

 

 

 

 

 

Copper-gold porphyry targets refined and de-risked

Since 2010, Kincora has undertaken soil geochemistry, Vector IP and some sections of DDIP, ground magnetic surveys, and drilled a further 70 holes inside of the Bronze Fox license area. Drilling has expanded the known mineralization footprint to about 40km2, remaining open, confirming porphyry style of copper-gold resource potential with extensive lower grade intersections from at or near surface and proven to 1,360 metres. Results of the last drilling programme, in late 2012 were extremely encouraging with a number of porphyry intersections confirming the potential for a high-grade deposit (localized +4% Cu in our last hole – F72 – drilled into a new target area based upon then recent IP analysis) with broad lower grade (eg +800m @ +0.40%CuEq, including 37m @ greater than 1% CuEq – F62) intersections.

Previous geology and geophysics supported the potential of a copper-gold resource. Indeed early stage studies had commenced on a potentially small scale near production heap-leach SX-EW operation utilising near surface oxide mineralization, and deeper drilling results at the end of the 2012 confirmed the potential for high-grade copper porphyry mineralization. However, the lack of IP data below 400 metres depth, and only in certain areas, limited the ability to reconcile previous drilling and indications of significant scale hydrothermal fluids that support potential concealed higher grade copper porphyry mineralization. Given the limited zones of outcropping primary mineralization, known regional (block) faulting and target of Oyu Tolgoi (‘OT’) or finger porphyry style copper systems, Induced Polarization, coupled with existing magnetics, has been proven to be an effective exploration tool when integrated with proper geological information and interpretation. The success of similar IP programmes at OT and the technical successes experienced by Kincora in late 2012, with drilling at previous IP anomalies returning alteration, sulfides and copper mineralization (+4% localized copper intersection in F72), adds significant substance to IP analysis particularly given existing geological data available at Bronze Fox, which is one of the most advance copper exploration projects in Mongolia.

OT style mineralization generally features relatively narrow (comparing with North and South American porphyries), long strike orebodies, and good extension to depth. As such, the Search IP system, utilized in the 2013 IP survey, which has penetrated to over 800m to 1000m, was selected as the optimal tool to assist locating the mineralization or alteration zone with disseminated sulfides (which is normal for porphyry mineralization) with good extension to depth which may indicate disseminated pyrite/sulfides channels, and support the possibility of ore mineralization based on the comparison of previous drilling results and the distribution of the IP chargeability anomalies. It is thought that those mineralization or alteration zones with good extension to depth have a better chance to host higher-grade mineralization, and economic orebodies.

At Bronze Fox, the 2013 IP analysis illustrates that prior drilling failed to adequately test most large chargeability high anomalies with previous encountered mineralization coincident with lower priority IP chargeability zones. Prior to the 2013 programme earlier geophysics could not provide an adequate guide for either depth extension potential of identified mineralized zones nor for targets below 400m below surface, with drilling being largely lead from encouraging mineralization encountered in previous core. For example the aforementioned holes, F62 and F72, illustrate the grade of CuEq and IP chargeability co-relationship, which support that high chargeability is coincident with sulfides of mineralization zones. The new IP results coupled with the latest alteration and veining studies have “explained” previous results, particularly the extensive 0.20 to +0.30% copper intersections to date, and lead to a reinterpretation and refinement of targets. In F62, over 800m graded at least 0.4% CuEq with subsequent IP analysis indicating the hole only interested the periphery of a relatively weak anomaly target (noting higher grades, including 37m @ +1%CuEq, were coincident with being within less than 500m from the interpreted IP anomaly zone) and subsequent alteration and veining studies indicate a less prospective portion of the interpreted porphyry system. The application of the 2013 Search IP programme, coupled with existing geology and geophysics, and independent analysis undertaken by Professor Tony Crawford and Plus Minerals (Imants Kavalieris) has advanced and refined target generation.

A number of analogies between the current stage of exploration and results at Bronze Fox and Oyu Tolgoi pre “discovery hole” have emerged after our 2013 field season, including geophysical anomalies remaining largely untested with favourable mineralization coincident nearer surface and lower priority IP targets. At Oyu Tolgoi, previous BHP and Ivanhoe drilling failed to reach the geophysical targets, with a change in exploration approach to test the geophysical and hypogene potential resulting in OTD 150, between previous shallow holes (BHP 9 and BHP 10), being the first ‘deep’ hole and credited as the “discovery hole”.

At Bronze Fox nine drilling target zones have been identified following the latest IP survey results being integrated with geology, soil geochemistry, rock chip assay result, ground magnetic survey and historical drilling results. IP survey results illustrate multiple significant strike (+1-2km) chargeability high anomalies with good extension to depth that may indicate disseminated pyrite/sulfides channels.

Two targets of particular note are:

  • Sophie North – a classical geophysical circular feature ~2km x 3km from an estimated ~300-500m depth to +900m. Previous drilling failed to enter IP target zones but returned anomalous copper and gold mineralisation (holes lost in an alteration zone).
  • Eastern West Kasulu/Leca Pass – Numerous holes close to IP targets have returned favourable grades but have failed to test the target zone. Multiple specific +1-1.5km anomalies targeted for potential drilling with regional scout holes and geology providing favourable results.

Successful “proof of concept” activities at the identified targets, including Sophie North and Eastern West Kasulu/Leca Pass, with economic grade (or high grade) intersections, could support a significant copper ore resource. Collectively there is large-scale copper-gold resource potential which is one of the underlying attractions of Bronze Fox. Previous phases of exploration have been favourable, refined and de-risked target generation, and while there is no certainty of exploration success, numerous drill ready targets have been defined, with few other activities that could meaningfully further de-risk these targets (ex-Happy Geo, discussed further below) based on previous experience at Bronze Fox and other porphyry exploration projects.

Happy Geo prospect

Following the very high and large chargeability anomalies identified by the Search IP surveyed in 2013 and 3D IP undertaken in 2012, a further 68 rock samples were collected in late 2013 from various alteration zones focused around the Happy Geo prospect. This region is a relatively early stage exploration area, activities really only commenced in 2013. Favourable soil and rock chip samples, with good gold anomalies and outcrop, were returned during the 2012 and 2103 field seasons. Plus Minerals’ short wave infra-red (SWIR) spectrometer analysis of the 68 recent samples confirmed zones of argillic, sericitic and and silicification alteration with pyrite coincident with the IP chargeability anomalies. The SWIR analysis indicates alteration maybe related to an underlying porphyry system but further analysis is planned and required to confirm this.

Further integration of data and analysis on this area is ongoing and while early stage, and very different to the more advanced northern targets, it could indicated some additional resource potential besides the known copper potential areas in Sophie North, West Kasulu, Leca Pass etc. Two zones of outcrop, both with at least a 1-1.5km strike, have been identified at Happy Geo with rock chip samples of up to 91g/t gold.

For further details please refer to our recently updated corporate presentation:

http://kincoracopper.com/investors/corporate-presentation


Geology Films

Posted by on Tuesday, 21 January, 2014

During mineral exploration programs using geophysical methods it is highly important to know exploration models and mineralization controlling factors for proper choice of geophysical interpretation methods and approaches.

Clive Willman, geologist and film-maker, has created a series of short films covering Orogenic Gold Deposits, their formation, fluids and faults, illustrating with examples such as the Morning Star and Stawell Gold Mines in Victoria (Australia); The Metamorphic Gold Model; Gold, Faults and Fluids.

Clive presents his subject by way of interviews with leading workers in the field. Clive has worked as a geologist in both Industry and for the Geological Survey of Victoria, and brings a degree of authority to his film-making in this discipline.

Geology Films youtube.com


Final ZTEM Survey Results in Guerrero, Mexico

Posted by on Monday, 23 December, 2013

A recently completed ZTEM airborne geophysical survey flown over the Newstrike Capital Inc. Aurea Norte property has successfully identified several high priority anomalies on a parallel trend with its flagship gold deposit at Ana Paula. The survey covered an area known as the San Luis Trend, an important structural corridor over ten kilometres in length that has returned anomalous assays from widespread near-surface gold mineralization.

Preliminary ZTEM results have identified several ‘blind’ exploration targets that coincide with favourable GGB (“Guerrero Gold Belt”) style surface alteration in outcrop that includes iron oxide alteration, jasperoid breccia, silicified intrusion and skarn with associated anomalous gold values. The survey results will be used to focus exploratory drilling along this prospective trend. In addition, several new targets were identified outside this trend that will continue to be investigated as exploration advances,” said Gillian Kearvell, V.P Exploration.

Newstrike Capital Inc. a gold-silver focused explorer, targeting known and historic mining districts in Mexico, is reporting that the final report and interpretation was received from Geotech Ltd. of Aurora, Ontario for the ZTEM airborne geophysical survey flown over the Company’s Aurea Norte property.

Fifteen high priority targets were identified in the report, seven that coincide with anomalous surface gold geochemistry, ranging from weakly anomalous to a best sample of 16.7 grams per tonne gold from outcrop chip samples. A 5,000 metre early stage drill program that will test a selection of these anomalies is now underway. Drilling is expected to take three months to complete and results will be used for planning purposes. Eight of the high priority targets identified in the report represent new exploration targets, a selection of these will be brought to the drill ready phase.

“As explorers, we are very encouraged by the results of this report,” Richard Whittall, CEO, Newstrike Capital commented. “This report has confirmed a number of high priority drill targets based on the strong correlation of previous drilling and surface geochemical results and the imagery from the ZTEM survey. This drill program will be an important first step in evaluating the potential of the San Luis trend.”

The ZTEM survey covered an area known as the San Luis Trend, an important structural corridor over ten kilometres in length that has returned widespread near-surface gold mineralization that coincide with favourable GGB (“Guerrero Gold Belt”) style surface alteration in outcrop, including iron oxide alteration, jasperoid breccia, silicified intrusion and skarn. A selection of assay results over 1.0 grams per tonne gold from outcrop chip sample taken along this trend is presented in the table below. Gold distribution maps and a complete table of gold and pathfinder element assay results from outcrop chip samples are available on the company website at www.newstrikecapital.com.

The objective of the Aurea Norte ZTEM survey was to locate potentially buried intrusive bodies associated with the GGB mineralization model and to identify controlling structures at the Ana Paula deposit and along the mineralized San Luis Trend. The new anomalies identified by the ZTEM survey include resistivity and conductivity contrasts typical of buried silicified intrusions and with alteration commonly associated with skarn-porphyry and epithermal style deposits. Exploration activities are currently focused on advancing the project pipeline around the Company’s flagship Ana Paula project, and include the eastern half of the 59,587 hectare Aurea Norte property. Mapping and surface sampling continue to advance new targets to the drill ready phase.

The Ana Paula project is located internal to and is surrounded by the Aurea Norte property. It is host to a structurally controlled epithermal style gold deposit with a pit constrained resource* of 43.million tonnes that includes 2.20 million ounces of contained gold and 9.7 million ounces of contained silver in all categories at a weighted average grade of 1.56 grams per tonne gold and 7.5 grams per tonne silver (NI-43-101 technical report filed May 8th, 2013, available on the company website or at www.sedar.com). *(applying cutoff grade of 0.45 grams per tonne gold equivalent (AuEq) defined by the price, cost and recovery assumptions).


Geophysical Survey at Las Morras Project (Spain)

Posted by on Friday, 20 December, 2013

Emerita Gold Corp.  announces the completion of geophysical exploration programs at its 100% owned Las Morras Property in the Extremadura Region of western Spain. The geophysical surveys consisted of Very Low Frequency (VLF), Induced Polarization (IP) and Electrical Resistivity Tomagraphy (ERT) surveys over the Central and Northwest target areas. The surveys identified several anomalies that are interpreted to represent shear zone structures coincident with the previously identified gold geochemical anomalies (see news releases dated August 29 and April 8, 2013). These interpreted structures will be evaluated as potential bedrock sources for the gold identified in the soils over the geophysical features by trenching and, if appropriate, drilling.

Background

As previously reported, geochemical surveys have identified two areas with strong gold anomalies referred to as the Central and the Northwestern areas . In the Central area two gold geochemical anomalies have been identified, both approximately 300 meters wide and extending in an east-west direction 500 meters and 800 meters, respectively. These anomalies extend beyond the survey limits to the east and also to the west (see press release dated April 8, 2013).

The Northwestern area is characterized by a single gold anomaly (Figure 3) that extends approximately 700 meters long and over 100 meters wide in an east-west direction. This anomaly also extends beyond the limits of the survey area to the west and to the east (see press release dated August 29, 2013).

Geological mapping indicates that these gold anomalies are underlain by zones of strong shearing in bedrock. The shear zones are developed within the Precambrian Schist-Greywacke Complex (SGC) and are characterized by a zone of high strain and local quartz-gold veining, with predominantly a east-west direction. Outcrop is limited and the geophysical surveys are designed to improve the targeting of the follow up program.

Geophysical Surveys

Geophysical surveys (VLF, IP and ERT) were carried out during October and November 2013, with interpretation completed in mid December, to identify geophysical anomalies representative of bedrock structures potentially related to mineral occurrences. The surveying was performed in both, the Northwestern area and the Central area.

Survey Results

The VLF survey consisted of 27 linear kilometres in both the Northwestern and Central areas, where measurements were performed every 10 meters. As shown in Figure 4, in the Northwestern area 8.9 linear kilometres were surveyed on 14 lines oriented north-south, with lines ranging from 350 to 1,100 meters each. In the Central area 18.1 linear kilometres were surveyed on 20 lines with north-south orientation and lines ranging from 550 to 1,100 meters each (Figure 6). The spacing between lines was determined according to the results of the geochemical campaign (see press release dated August 29, 2013), ranging from 50 to 100 meters.

The IP and ERT surveys consisted of 10.4 linear kilometres in both the Northwestern and Central areas. Both the IP and ERT surveys were measured simultaneously with the same device. The spacing between electrodes was 10 meters, which allows detection of features up to 120 meters depth. Figure 5 shows the distribution of the 11 lines of the IP and ERT surveys for the Central area, where 6.93 linear kilometres were surveyed. All lines were 630 meters in length oriented in north-south direction excepting one line with an east-northeast orientation. In the Northwestern area 5 lines were measured by IP and ERT, for 3.47 linear kilometres. The lines varied in length, from 630 to 950 meters. The spacing between lines was determined based on the results of the geochemical campaign (see press release dated August 29, 2013), ranging from 100 to 450 meters.

VLF and ERT-IP images/profiles clearly indicate several subvertical anomalous geophysical zones, characterized by resistivity-chargeability highs (i.e. 300-5,000 Ωm, and >150 ms) (Figure 6).

Geophysical Survey Interpretation

The VLF survey showed conductive anomalies in both the Northwestern and Central areas which have a predominantly east-west orientation. However, some alignments of northwest- southeast direction have also been identified. These VLF anomalies correspond to fault orientations seen in mapping and with the geochemical data.

The IP and ERT surveys allowed the identification of bodies and zones with high chargeability values in the case of IP and high/low resistivity values in the case of ERT. The survey identified bodies with a broad east-west orientation in both the Northwestern and Central areas, which are coincident with the VLF results.

The geophysical data, together with geologic information and geochemical data from the two target areas, identified features having characteristics that would be expected from a shear zone system. This shear zone system is interpreted to represent a possible source of the gold found in the area and will be the focus for follow up trenching and, if merited, drilling. The geophysical anomalies are coincident with geochemical anomalies found in the central and northwest areas. Furthermore, both the geochemical and geophysical anomalies are open along their strike, particularly to the east. The extent of the anomalous body in the Central target area, based on the geochemical and geophysical results, is 1,200 meters long, 90 meters wide with an extension to a depth of at least 120 meters based on the IP/IRT, corresponding to the bottom of the geophysical profiles. In the Northwestern target area the anomalous body is 600 meters long, 80 meters wide and continues to a depth of 100 meters, corresponding to the bottom of the geophysical profiles.

The identification of geophysical anomalous areas (i.e., faults zones and bodies of high resistivity and high chargeability) represent the prospective targets for trenching and drilling.

Survey Methods

Both electromagnetic (EM) and DC-geoelectrical methods were selected to perform the survey. These methods are well-known to be suitable for cost-effectively identifying geophysical characteristics for geological features such as shear zones with low sulphide mineral concentrations. The selected techniques were Very Low Frequency (VLF) (Klein and Lajoie, 1980), Electrical Resistivity Imaging (ERI) (Griffiths and Barker, 1993) and Induced Polarization (IP) (Keller and Frischknecht, 1966).

The VLF measuring was carried out with an ENVI system (Scintrex) equipped with a VLF sensor module. The VLF sensor consists of three orthogonal coils designed to make it an omni- directional system.

The acquiring system for the ERT-IP was a Terrameter LS resistivimeter (ABEM SE) with 12 channels and 250 W Tx ouput. The array was implemented by 4 multicore reels of 16 take-outs each, steel electrodes and connections, up to 64 electrode configuration system.

Details and Figures


Geophysical Survey Defines Large Scale Targets at Suriloma Gold-Silver Project, Peru

Posted by on Monday, 28 October, 2013

Darwin Resources Corp. has announced that it has commenced a ground geophysical induced polarization (“IP”) survey at its Suriloma project in the Department of La Libertad, Peru. Suriloma is located in a pedigreed epithermal gold belt, just 30km from Barrick’s Lagunas Norte (14 Moz contained gold) and 50km from Rio Alto’s La Arena mine (2.3 Moz gold oxide). Now the company reports results from a dipole-dipole induced polarization (“IP”) geophysical survey at the project in Peru.

Key points:

   -- The survey highlighted a number of strong geophysical anomalies that
      support the interpretation that recent diamond drilling intersected the
      upper, low-temperature part of an epithermal vein system and point toward
      a number of large-scale untested gold and copper targets at depth; 

   -- At the La Puerta area, an IP anomaly has been defined over 1300 metres by
      200 metres, extending from a depth of 200 metres to the limit of the
      survey depth at 300 metres depth. The anomaly is interpreted to be the
      disseminated sulphidic core to the gold mineralization observed in
      shallow drilling; 

   -- At the Edelmira area located 4 kilometres to the west of La Puerta, an IP
      anomaly has been mapped over an area of 400 by 300 metres open to the
      west. The anomaly is located at 250 metres depth and is interpreted to
      reflect the upper parts of a buried porphyry copper system.

Dr Graham Carman, President and CEO, states: “The IP survey has confirmed the presence of large-scale chargeable targets that lie immediately beneath the gold-bearing structures drilled 2 months ago. The survey has significantly increased the prospectivity of the area and we look forward to drill testing these exciting epithermal gold and porphyry copper targets.”

In total, 19.1 line-kilometres of dipole-dipole IP were surveyed on two separate grids, including at the La Puerta area where the Company previously reported encouraging gold intersections in several shallow drill holes, including 13.1 metres @ 1.4 g/t gold from 50.8 metres from hole SU-003 and 14.7 metres @ 0.9 g/t gold from 123.2 metres in hole SU-011 (see Darwin Press Release August 19 2013). Modelling of the IP survey at La Puerta shows a steeply north-dipping tabular zone of conductive rocks up to 200 metres wide, which is interpreted to be the down-dip continuation of clay altered volcanic rocks associated with outcropping epithermal veins. At the base of the conductive zone a chargeability anomaly has been mapped over 1300 metres by 200 metres, extending from a depth of 200 metres to the limit of the IP model at 300 metres depth from surface (Figures 2 and 3). It is interpreted that the chargeability anomaly reflects sulphide mineralization at or near the contact with quartzite metasediments lying beneath the younger andesite volcanics. This is a high-priority drill target. The quartzite sediments are the preferred host rocks at large gold deposits elsewhere in the La Libertad region of Peru. Earlier drilling at La Puerta tested part of the epithermal vein system down to an average depth of only 65 metres and did not drill to sufficient depth to intersect the chargeable anomaly identified in the IP survey.

An extension of the IP survey 4 kilometres to the west at the Edelmira area defined a chargeability anomaly at a depth of 250 metres, which has dimensions of 400 by 300 metres and remains open to the west. This chargeability anomaly lies immediately beneath outcrops of copper-silver-gold bearing veins with quartz-sericite alteration, and is interpreted to reflect the upper parts of a buried porphyry copper system based on the Company’s experience elsewhere in Peru.


Ground Geophysical Survey at Suriloma, Peru

Posted by on Wednesday, 16 October, 2013

Darwin Resources Corp. announces that it has commenced a ground geophysical induced polarization (“IP”) survey at its Suriloma project in the Department of La Libertad, Peru. Suriloma is located in a pedigreed epithermal gold belt, just 30km from Barrick’s Lagunas Norte (14 Moz contained gold) and 50km from Rio Alto’s La Arena mine (2.3 Moz gold oxide).

At Suriloma, Darwin has discovered surface gold and silver mineralization at 6 prospect areas over a strike length of 5 kilometres. Only one of these areas, La Puerta, has been partially drill tested by drilling to a maximum depth of 100 metres in August 2013. Encouraging gold was intersected in several drill holes with gold grades increasing with depth at La Puerta (see Darwin Press Release August 19 2013).

Gold mineralization occurs together with disseminated sulphides, which should be detectable in the sub-surface using IP geophysics. Two separate areas will be surveyed with IP, which will help identify new targets for future drill testing from the surface to a depth of 300 metres. Gold targets at the La Puerta – Inmaculada – Guadalupe areas will be covered by one survey, while a copper – silver target will be tested by a second survey area at Edelmira.

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Dr Graham Carman, the Company’s President and CEO, states: “Suriloma is a large project with multiple mineralized structures identified through mapping, surface sampling and early stage drilling. The project warrants the momentum of further exploration and we look forward to receiving the geophysical data which will aid in refining and extending targets down to a maximum depth of 300 metres for our next drill program. We expect the IP program to be completed before the end of October.”


IP&VLF surveys for gold in Central Yukon

Posted by on Tuesday, 24 September, 2013
BCGold Corp. announces that exploration work has commenced on its 100%-owned WS Property  in central Yukon. The Property is situated adjacent and along strike with Copper North Mining Corp.’s Carmacks Copper Project (the “Carmacks Project”), which has Proven and Probable Reserves of 11.5 million tonnes grading 0.98% total copper, 0.44 g/t gold and 4.3 g/t silver and is in the final stages of mine permitting.
The WS exploration program, partly funded by a $25,000 Yukon Mining Incentives Program (YMIP) grant, is designed to enhance current drill targets on the Property, which are interpreted to be the strike extents of Zones 12 and 14 of the Carmacks Project. Previous drill testing by BCGold intersected two near-surface copper sulphide horizons averaging 0.17% Cu over 63.1 metres (see January 13, 2009 news release). The 2013 exploration program will consist of the following:
  • detailed high-resolution IP geophysics near the claim boundary of the Carmacks Project and the Property;
  • a limited program of VLF geophysics and biogeochemical sampling, as alternative techniques to delineate further the strike extent of Zones 12, 14 and the ICE showing;
  • geological mapping and prospecting over a 2.5 km2 prospective area with IP and magnetic signatures and elevated copper-in-soil anomalies that are suggestive of near-surface, Minto-style mineralization.
BCGold’s 2013 exploration program will take approximately four weeks to complete. The IP geophysics program is being conducted by GroundTruth Exploration based in Dawson, Yukon. The concurrent VLF geophysics and biochemical sampling programs are being conducted by Dumas Consulting and Core Assets Consulting, both independent contractors to the Company. Biogeochemical samples will be submitted to Activation Laboratories Ltd. in Kamloops, British Columbia, an ISO 9001:2008 accredited laboratory.

The Targets

All of the Minto/Carmacks Copper-Gold properties were staked over areas with geological, geochemical and geophysical characteristics known to reflect near surface, high-grade, structurally controlled copper-gold mineralization in the region, such as the Minto and Carmacks copper-gold deposits.

BCGold Corp. is focused on the discovery of stand-alone and/or satellite copper-gold deposits, the latter of which could be used to supplement mill feed for the Minto and future Carmacks mining operations.

Nearby Deposits

Minto

Capstone Mining Corp.’s Minto Mine is a 3,600 tonne per day, conventional crush and flotation, open pit mining operation that produces copper concentrates with significant gold and silver credits. It is one of the highest grade open pit copper-gold mines in the world. Capstone continues to develop its resources and find significant new deposits in the area.

Carmacks

Copper North Mining Corp.’s Carmacks Copper Project has an NI 43-101 compliant Proven and Probable Reserve estimate of 10.6 million tonnes at 1.044% total copper, 0.484 g/t gold and 4.62 g/t silver. Copper North plans to construct an open pit mine with an acid heap leach and solvent extraction/electrowinning (SX/EW) process facility and is in the process of obtaining the final permitting requirement for mine operations, a Water Use License.


New Exploration Potential at Aurea Norte, Guerrero, Mexico

Posted by on Monday, 23 September, 2013

Newstrike Capital Inc. reports that a recently completed ZTEM airborne geophysical survey flown over the Company’s Aurea Norte property has successfully identified several high priority anomalies on a parallel trend with its flagship gold deposit at Ana Paula. The survey covered an area known as the San Luis Trend, an important structural corridor over ten kilometres in length that has returned anomalous assays from widespread near-surface gold mineralization.

“Preliminary ZTEM results have identified several ‘blind’ exploration targets that coincide with favourable GGB (“Guerrero Gold Belt”) style surface alteration in outcrop that includes iron oxide alteration, jasperoid breccia, silicified intrusion and skarn with associated anomalous gold values. The survey results will be used to focus exploratory drilling along this prospective trend. In addition, several new targets were identified outside this trend that will continue to be investigated as exploration advances,” said Gillian Kearvell, V.P Exploration.

A 5,000 metre exploratory drill program is expected to commence shortly that will complement the exploration activity at Aurea Norte over the past year.

Geotech Ltd of Aurora, Ontario, Canada was contracted to survey approximately 250 square kilometres encompassing 1,298 flight line kilometres flown at a line spacing of 200m. The ZTEM survey is recognized for its ability to map resistivity contrasts associated with the structure and alteration typically associated with porphyry-skarn deposits or with structurally controlled epithermal deposits. ZTEM is capable of penetrating to depths from one to two kilometres and is useful in identifying “blind” exploration targets (a buried target that does not outcrop at surface).

The objective of the Aurea Norte survey was to locate potentially buried intrusive bodies associated with the GGB mineralization model and to confirm controlling structures along the mineralized San Luis Trend. The new anomalies identified by the ZTEM survey include resistivity contrasts typical of buried silicified intrusions and with alteration commonly associated with porphyry-skarn and epithermal style deposits. See the company website for maps from this survey.

Exploration activities are currently focused on advancing the project pipeline around the Company’s flagship Ana Paula project, The Ana Paula project is located internal to and surrounded by the 59,587 hectare Aurea Norte property.

The Ana Paula project is host to a structurally controlled epithermal style gold deposit with a pit constrained resource* of 44.8 million tonnes that includes 2.25 million ounces of contained gold and 10.8 million ounces of contained silver in all categories at a weighted average grade of 1.56 grams per tonne gold and 7.5 grams per tonne silver (NI-43-101 technical report filed May 8th, 2013, available on the company website or at www.sedar.com). *(applying cutoff grade of 0.45 grams per tonne gold equivalent (AuEq) defined by the price, cost and recovery assumptions).

The mineralization at Ana Paula follows a north trending structural corridor that lies to the west of and is parallel to the San Luis Trend. The deposit at Ana Paula was included in the ZTEM survey area to provide a case study and model for ongoing exploration.

The GGB is an established gold mining district that hosts to skarn and epithermal gold deposits located in a mining friendly jurisdiction that offers ample infrastructure, including roads, power, water and ports of access.


Heliborne EM/magnetic survey over the Newmont Lake Project Area

Posted by on Monday, 23 September, 2013

Romios Gold Resources Inc. announces the completion of a helicopter-borne ZTEM electro-magnetic survey conducted by Geotech Ltd. over its Newmont Lake Project Area, located within the world-class Golden Triangle mineral district of northwestern British Columbia.

The survey covers 359 line kilometres of data along east-west lines, spaced at 300 metres over zones where extensive mineralization has been demonstrated. The ZTEM system provides unparalleled depth penetration in precision electromagnetic measurements. The survey was flown over the Northwest Zone, ’72 Zone, Telena Zone, Ken Zone and the recently discovered “Burgundy Ridge” Zone containing porphyry-related copper and gold-bearing sulphide mineralization extending over 100 metres in elevation along trend of the “72″ and “Telena” Zones. (See News Release, September 4, 2013 with pictures of the mineralization on the Burgundy Ridge on the Company’s website, http://www.romios.com/s/BurgundyPhotos.asp). The area is interpreted as one of the principle epicentres for porphyry mineralization throughout the entire Newmont Lake Project Area and is an excellent target for future drill campaigns. Assay results from the grab samples, continuous chip and 84 grid samples from the Burgundy Ridge Zone taken in August will be released when they are received and analyzed.

Processing of the digital data and mapping is expected to take approximately another two weeks to complete. Results will be announced as soon as they are received and the technical review is completed by the Company.