This follows completion of a new IP survey that identified an untested IP anomaly beneath the historic mine tunnel. Results are also announced for drillhole CHD02 that attempted to test a deep gravity target at Canada Honda and was abandoned before reaching the target depth due to the hole collapsing.
New geophysics data highlights the Canada Honda target's potential to host volcanogenic massive sulphide (VMS) mineralization. The intersection of anomalous copper and gold above the target in hole CHD02 is another positive indication of potential for significant copper mineralization associated with the Canada Honda gravity anomaly. The new IP survey appears to show an anomaly that becomes stronger at depth beneath the historic mine workings on the margin of the gravity anomaly,' said
The Canada Honda target is characterized by a large gravity anomaly (up to 1 mGal) that extends approximately two kilometers east-west. The target is potential sulphide mineralization within the prospective Volcanic Sequence (VS) concealed beneath overthrust rocks of the Phyillite Quartzite (PQ) unit. Previous Pan Global channel sampling of the historic mine tunnel on the southern margin of the gravity anomaly included 26m at 0.42g/t Au and assay values up to 2.9g/t Au, 27.5g/t Ag, 0.2% Cu and 0.4% Co. A single drill hole (CHD01) by
Canada Honda
Additional gravity survey data has been collected over the Canada Honda target area and a new line of IP has been completed adjacent to a historic mine tunnel along a thrust contact on the southeastern margin of the gravity anomaly. The new IP highlights a chargeability high and previously untested resistivity low anomaly beneath the tunnel.
Drilling has commenced on the first of two new holes (CHD03 and CHD04) testing chargeability and resistivity-low anomalies beneath the historic mine tunnel.
Drill hole CHD02 was drilled to test the eastern extension of the large Canada Honda gravity anomaly, targeting potential massive sulphide concealed beneath the overthrust Phyllite Quartzite geology unit. The hole collapsed before reaching the target and had to be abandoned. The hole intersected a zone of sulphide mineralization with anomalous copper and gold within the thrust-fault sequence above the target. Highlights include; CHD02 - 11m at 0.6% Cu, 0.12g/t Au, 3.2g/t Ag from 426m, including 2.0m at 1.0% Cu, 0.24g/t Au, 7.7g/t Ag 1.0m at 1.8% Cu, 0.13g/t Au, 6.1 g/t Ag Additional isolated assay up to 0.7g/t Au over 1m
The results provide additional positive indicators of the potential for more significant copper-gold mineralization in the Canada Honda target area. The main gravity anomaly remains untested and further drilling is pending additional modelling.
Drilling is ongoing in the
QA/QC Procedures
Core size was HQ (63mm) and all samples were 1/2 core. Nominal sample size was 1m core length and ranged from 0.4m to 2m. Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of 1/4 core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch.
Samples were delivered to ALS laboratory in
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