China package & Drilling ProgramChina Properties: Shuikoushan Project(118 km2), Pingbao District, Tanjie-Ouchong District (220 km2) and Tongshanling District (the 3 districts total 1045 km2)
Shuikoushan Gold Project (Hunan Province):
- Contains:
(1) Central District
(2) Xianrenyan area (south of C. District)
(3) Xinmengshan Gold Target (E. of C. District)
(4) #3 Gold Belt (N.W. of C. District)
(5) Xiaoling Prospect Area (S. of Xianrenyan)
(6) Xinda License Area
(7) Mawangtang Gold Target (S. end of Shiaoling Anticline (where?))
- Central Zone: good potential to prove up resources adjacent to and between two small operating pit mines. 1.3M ozs estimated adjacent to one of the mines
- Xianrenyan area: 3 zones of mineralization containing estimated (by Chinese) 1.5M ozs with 80% of resource in zone1. TVI feels this could br 2.7M ozs.
- Xinmengshan Gold Target: large anomaly, sampling done, more sampling required
- #3 Gold Belt: hotspring related silicification and Au geochemical anomalies along the axial plane of another N-S trending anticline (least defined target)
- Xinda License Area: Xinda Gold Target and the Dayuan Gold Target have gold and base metal anomalies, past drill holes were not analysed for gold (Why???). May be good for silver.
- Mawangtang Gold Target: more sampling required
Drilling program:
Xianrenyan Gold Deposit, in the Xianrenyan Resource Target (XRT) area:
- currently we have trenches, tunnels and drill holes done by the Chinese on the high grade zones.
- Zone 1: 1100m LG x say 125m x 25m thick at 3.87 g/t
- Zone 2: 600m LG x 18m x depth at 4.36 g/t (NX anomaly)
- Zone 3: ?? LG x ?? W x ?? DP at 3.12 g/t (SX anomaly)
Objectives:
(1) to demonstrate continuity of higher-grade mineralization identified by Team 217
(2) to test the grade and continuity of lower-grade mineralization occurring between the high-grade zones
(3) to demonstrate depth and lateral extension potential
- 6600m of drilling planned at depths 200-240m (about 25 holes)
- first 15 holes at 100m spacing in zone1. Will confirm Chinese numbers, when combined with the Chinese drill holes, may give us a proven resource. Also is an opportunity for additional indicated resources at depth.
- second 8 holes (5 on NX anomaly, 3 on SX anomaly) at 500m spacing in zone1 to demonstrate depth and lateral extension
- surveys preparatory to drilling to be on Xinda and Dayuan Gold Targets
- surveys and soil sampling also to be done on Mawangtang and #3 Gold Targets
Pingbao District
- LOI, TVI has 1yr to examine area with option to acquire 100% through lease/purchase contracts similar to Shuikoushan
- about 100km south of Shuikoushan project
-deposit extending to a minimum depth of 511m over a minimum stike of 1000m open in all directions
- Chinese reported vein averages of 550 g/t silver and ranges up to 10m thick with gold grades up to 3 g/t
Tanjie-Ouchong District (220 km2)
- LOI, TVI has 1yr to examine area with option to acquire 100% through lease/purchase contracts similar to Shuikoushan
- 25km NE of Pingbao
- very large area of low grade gold (10km strike length)
Tongshanling District
- LOI, TVI has 1yr to examine area with option to acquire 100% through lease/purchase contracts similar to Shuikoushan.
- area of anomalous silver and gold mineralization 5km x 20km long
- contains the Antangling Silver and Gold Prospect
- grab samples up to 0.7 g/t gold and 214 g/t silver
- significant potential for large bulk tonnage silver/gold deposit
KD