Kingsman finds gold-bearing quartz veins at PathfiKingsman finds gold-bearing quartz veins at Pathfinder
2010-02-17 11:44 ET - News Release
Mr. Robert McLaughlin reports
DRS. GERRY RAY P.GEO, P. ENG AND BOB THOMPSON P.ENG ASSESS PATHFINDER GOLD PROPERTY
Kingsman Resources Inc. has released the findings of Dr. Gerry Ray and Dr. Bob Thompson on the Pathfinder gold property located 18 kilometres north of Grand Forks, B.C., after spending two days last year examining core and outcrop exposures at the Pathfinder property. Dr. Ray has expertise in gold-skarn deposits and has published extensively on the subject. Dr. Thompson managed major multiparameter geological programs for the Geological Survey of Canada, mapping extensively in the Yukon, northeastern British Columbia, the Queen Charlotte Islands, south-central British Columbia and the Kootenays. Historically, the Pathfinder mineralization has been classified as gold skarn, although some gold-bearing veins are also present.
The main economic metals on the claims are gold and silver, with possible byproduct copper. The property contains several styles of mineralization that are probably related to the Jurassic-age Nelson intrusive suite. This includes gold-bearing quartz veins (examples include Little Bertha) and iron-sulphide-rich gold-silver-copper veins, pods and irregular replacements as seen at the Pathfinder and Diamond Hitch prospects.
Dr. Ray found that the Pathfinder-Diamond Hitch occurrences show many similarities to the classical Rossland-type gold-silver-copper sulphide veins in the Rossland camp. The Rossland camp deposits included major producers such as the Evening Star, Central Star, Le Roi and Homestake. Between 1897 and the early 1940s, production from these veins totalled approximately 2.76 million ounces of gold, about 3.52 million ounces of silver and 71,502 kilograms of copper.
Similarities between these major Rossland deposits and the Pathfinder occurrences are: Gangue mineralogy is dominated by pyrrhotite and pyrite, with lesser magnetite and chalcopyrite. There is a sporadic enrichment in gold, silver and copper, together with trace arsenic and molybdenum. Mineralization occurs as veins, pods and irregular replacements and may be hosted by either the intrusion or the nearby altered country rock. The mineralized sulphide veins in the country rocks may be haloed by zones of garnet and pyroxene exoskarn, which may pass out to a distal envelope of biotite hornfels.
Based on these similarities, Dr. Ray concluded that the Pathfinder property has a high potential for Rossland-type gold-silver-copper mineralization.
Recommendations for further work include: Prior to further drilling, the true orientation of the mineralized zones at the Pathfinder and Diamond Hitch should be determined. The property should be prospected in detail to identify and sample other mineralized zones, in addition to the numerous historic workings that exist on the property. Geological mapping should be done at 1:5,000 scale except over small areas of interest where it could be completed at 1:2,000 scale. Where possible, individual outcrops should be outlined. A microscopic study should be undertaken to determine which sulphide mineral or minerals host the gold.
Bernhardt Augsten, PGeo, a qualified person, supervised the fieldwork and the preparation of the technical information in this release.