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ESGold Corp C.ESAU

Alternate Symbol(s):  SEKZF

ESGold Corp is a Canada-based resource exploration and processing company. The Company’s advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Its principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. The mineral claims comprising the Montauban property (the Property) are located in southern Quebec, 120 kilometers (km) west of Quebec City and 80 km northeast of Trois-Rivieres. It holds approximately 226 mining claims totaling approximately 10,830 hectares on the Montauban Property. The Eagle River Property consists of approximately 141 mineral claims located in the north-western limit of the Mauricie area in Quebec Province, totaling approximately 7,972 hectares. It holds a 50% interest in the Ottawa River Project.


CSE:ESAU - Post by User

Bullboard Posts
Comment by allain250on Oct 16, 2017 2:19am
131 Views
Post# 26815204

RE:RE:RE:RE:RE:RE:Get ready Secova will find more then 6 hundred thousand

RE:RE:RE:RE:RE:RE:Get ready Secova will find more then 6 hundred thousand
25 INTERPRETATION AND CONCLUSIONS
The Duvay-Chenier Property covers numerous gold showings, where significant results have been recorded over more than 80 years. During that time, many highly enriched drill intersections and surface samples demonstrate strong local gold mineralization, especially at the Duvay Zone Principal and Duvay Zone de la Fosse, where the results point to a coarse (nuggety) size distribution. The author concludes that the Duvay-Chenier Property holds significant potential warranting further exploration and evaluation.
At the Duvay Zone Principal, strong gold mineralization is associated with quartz veins and northeast oriented fault structures that intersect the main Duvay shear. This association is demonstrated in drilling, for example the best intersection from Tres-Or’s 2011 drill program of 83.2 g/t Au over 1.0 m (50.0 to 51.0 m vertical hole) is from visible gold within a 0.5 m white quartz vein, and the drill hole (DV-012-11) is located near one the NE faults. The association of strong gold mineralization is also shown by bulk sampling, where for example bulk sample DVP002 (10 tonnes) yielded the highest sample grade (0.77 g/t Au) and the highest concentrate assay values (range from 166.20 g/t Au to 610.73 g/t Au) of any of the 9 bulk samples completed by Tres-Or in 2010, as well as the smallest concentrate (i.e. low sulphide content because sulphide is most of the dense material in each concentrate).
Duvay has also been long noted for its tendency to coarse gold. Ingham from the Quebec Department of Mines (1945, GM08124) said “Many of the veinlets contain visible gold, but the value per ton of this main showing could only be
96
SECOVA METALS CO RP
determined by bulk sampling,….” which Duvay Gold Mines subsequently did, reporting recovery of 7.1 g/t Au from 40 tons (36.2 metric tonnes) in 1946 (GM14444). Sphinx reached a similar conclusion following completion of three large bulk samples yielding and average assay value of 5.67 g/t Au from 3,302 tonnes, with Gautier (1988; GM47569) concluding that the bulk sample results are 2 to 10 times higher than drill chips from percussion drill holes nearby.
In addition to the coarse gold potential at Duvay, there are numerous other showings on the Property that merit examination. For example, the Grenadier showing 2 kms southeast of Duvay, which shows 11 out of 19 grab samples from trenches on a 1938 map (GM61123) yielding 10 g/t Au or greater (up to 177.60 g/t Au) merits at least further prospecting, mapping and surface sampling.
In conclusion, the author is of the opinion that the Property merits additional exploration work. The next phase of work may focus on both drilling to confirm and extend known mineralization. However, bulk samples will likely be required to establish reliable grades, based on the tendency towards coarse gold in the area. Such an anticipated reliance on bulk sampling may add risk to eventually being able to establish resource(s) on the Property due to the expense involved and the difficulty in determining continuity, although the historically reported bulk sample results at Duvay may temper that risk considerably.
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