TSXV:BXR.H - Post by User
Post by
fairfax1on Mar 11, 2017 3:07pm
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Post# 25968058
Visible Gold
Visible GoldAnyone with some greater geological background that can comment on how rare it is to actually find visible gold in small trenches with no outcrops??
Looking at some best-case scenarios... LIO has a project that had visible gold and they have a market cap nearing 100 million.
From Angkor PR:
Visible gold has been observed in vein material found in Pit 6 on Line 5. While the veining and mineralization appears to be typical of the occurrence, the amount of visible gold seen confirms the nugget effect previously observed. Vein material with pyrite in silica boxwork was found in Pit 4. Exploration this week on Pit 9 has discovered pyrite rich material coming out of auger samples. These field observations confirm the presence of vein material that further assists in the understanding of the larger geological structure underlying the previously identified gold anomalies. The appearance of the gold and the abundance of the silica material suggest a close source and a large system.
"Finding visible gold is always exciting," said Angkor senior geologist Dennis Ouellette. "Finding it at the bottom of a small trench in a field with no outcrop is especially exciting. The extension of Pit 6 will allow us to determine more about the character of the gold mineralization and hopefully lead to the discovery of more veins within the alteration zone."