GREY:DREXF - Post Discussion
Post by
bullorbear1 on Jun 07, 2008 12:16pm
More on IOCG's
To all Dorex investors the Carmelita property is in the same area / belt as the Candelaria which is in the northern section of the IOCG belt as compared to the Carmelita which is in the southern section of that belt.
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“In 2002, (Kikauka 2002) Ministry of Energy and Mines, Geology Survey Branch published Fe-Oxide Cu-Au (IOCG) deposit potential which lists the new major mineral deposits recently discovered e.g., Olympic Dam (Southeast Australia), 2 billion tonnes grading 1.6% Cu, 0.04% U3O8, 3.5g/t Ag, 0.6 g/t Au, and Candelaria (Northern Chile),366 million tonnes 1.08% Cu, 0.26g/t Au, 4/5 g/t Ag. The IOCG deposit characteristics are high iron content (hematite and/or magnetite), albite, K-feldspar, sericite, carbonate, chlorite, quartz amphibole, pyroxene, biotite,tourmaline and apatite gangue, with geochemically anomalous Fe, Cu, Au, Ag, Co, P, U, and Rare Earth Elements (REE) (Eckstrand et al. 1995), (Webster 2002)."
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