GREY:BARRF - Post Discussion
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Betteryear2 on Jan 24, 2022 3:12am
Defines New Drill Targets
VANCOUVER, BC / ACCESSWIRE / January 24, 2022 / New Placer Dome Gold Corp. ("New Placer Dome" or the "Company") (TSX-V:NGLD)(OTCQB:NPDCF)(FSE:BM5) and Copuar Minerals ("Copaur Minerals") (TSX-V: CPAU) are pleased to report the results of the recently completed 14.4 line-kilometre induced polarization (IP) / resistivity geophysical survey completed during Q4 of 2021 at the Bolo Gold-Silver Project (the "Bolo Project" or "Bolo") in Nye County, Nevada. IP/resistivity surveys in conjunction with existing grid rock sampling and geological mapping have defined high priority untested exploration targets north of drill confirmed gold mineralization at the South Mine Fault Zone ("SMFZ") along a major parallel fault structure (East Fault).
Highlights of the IP/resistivity Survey:
- 2021 IP/resistivity surveys expand coverage 1 km north of the 2019 survey limits to test underexplored northern extensions of the prospective Mine Fault and East Fault targets (Figure 1).
- Inverted chargeability and resistivity data highlight the boundaries of a 1,000-metre x 500-metre outlier of Windfall Formation rocks that occurs within the East Fault target area.
- Windfall rocks are cut but fault controlled jasperoid units and coincident arsenic (As), barium (Ba) and antimony (Sb) pathfinder element anomalies within surface grid rock samples (Figure 2).
- The results highlight the prospective East Fault that hosts an outlier of the Windfall Formation, which is the primary host for gold mineralization at the South Mine Fault Zone that has yet to be drill tested.
Max Sali, CEO and Founder of New Placer Dome commented, "We are excited to expand our focus to areas beyond the South Mine Fault Zone and Uncle Sam prospect. The favorable geology, structure, and pathfinder element anomalies highlighted in the East Fault area provide a compelling exploration target worthy of significant follow-up work, including future drilling. This is further underpinned by the results of the 2021 IP/resistivity surveys that provide evidence of favorable geology and potentially mineralized fault structures extending to depth."
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