Some New Stuff to MeSome New Stuff to Me:4/22/20 News
- Drilling on the Standby Gold Zone has defined identical geologic characteristics comparable to the Homestake Mine, including iron formation hosted gold mineralization characterized by quartz veining, hydrothermal chlorite alteration and arsenopyrite, focussed along wide vertical structured shear zones.
- Company's Phase I and II drilling has confirmed a very broad gold system which matches or exceeds the early exploration drilling results of many of the deposits located at the Homestake mine. These zones of gold are referred to as upper tail mineralization, where only about 10% of the gold at Homestake was found, with less continuity than the Homestake ore located at greater depths. The Company concludes that its deposit has a high likelihood of richer deeper gold mineralization.
- Due to the complex geology at the Homestake mine, only 3 out of 10 drill holes would intersect ORE GRADE intervals, even within ore zones. Homestake followed the structure and mineralization of these zones, even low-grade gold intervals accompanied by intense alteration guided into more robust centroid areas of gold mineralization.
- 40-meter core drilling centers to compile an initial "inferred" resource, enabling the Company to more effectively vector into those enhanced deeper gold zones.
- Drilling at greater depth can confirm higher grade material by evidence from the Homestake analog.
- The Standby Gold Zone is only 1 of the 5 high priority LEDGE Style targets under the Company's extensive landholdings.
Subsequent to in-fill drilling Exploration Drilling Planned
Using different permitted drill sites, the Company has devised a plan to drill 4 holes totaling 5500 m designed to intersect the expanding Standby Gold Zone down plunge between ST20-014 and Homestake's high grade gold intersection recorded in SM87-3A ( circa 1987) grading 10.29 gpt Au over 3.05 m , a down plunge distance of about 900 m. All 4 drill holes will conventionally cross-cut over several hundred meter widths of the Standby Gold Zone corridor and not along the plunge length.
From another Board:
@AUPop NabtaPlayaEgypt, my suggestion would be for you to contact the MMV team. I can confirm that the acoustically generated anomaly, which you have been referring to as a potential game changer, is in fact on the way to the Centroid! I have also received confirmation that the Centroid (or Target 2) drilling will be drilled next also.