GREY:PMBJF - Post Discussion
Post by
lukera on Nov 07, 2011 9:05pm
Oct. 25 Material change report
On October 25, 2011 the Company announced assay results from additional drill
holes at its Thorn gold-silver-copper project located in Northwestern British
Columbia. A total of 21 drill holes for 5,678 m were completed at the Thorn
Project during the 2011 season. Additionally, 97 rock samples, 158 soil samples
and 3 stream sediment samples were collected. Assay results from nine of the 21
holes have now been received. De-mobilization of personnel and equipment from
the project site was completed October 11th, 2011. Final assays on the remaining
12 drill holes are expected before the end of the year.
TALISKER ZONE
Historic drill hole THN04-29 intersected 56 m of 1.95 g/t AuEq at the Talisker
Zone so THN11-51 was collared 25 m away to test for down-dip mineralization.
The hole was drilled at the same dip and azimuth as hole THN04-29 (dip -50 and
azimuth 325 degrees). Hole THN11-51 intersected 49.78 m of 2.26 g/t AuEq or
1.41 g/t Au, 19.0 g/t Ag and 0.25% Cu from 52.16 m depth including 12.99 m of
5.11 g/t AuEq. The true width of the Talisker zone in hole THN-11-51 is
estimated at 42 m. A total of eight holes (for 1977 m) have been drilled at the
Talisker Zone this season. Results are pending for Hole THN11-59 which was
drilled as a down dip extension of Hole TH05-37 that intersected 4 m of 17.75 g/t
AuEq and holes THN11-55 & 56 were drilled to the North East for a further
possible 400 m strike extension.
LAGAVULIN VEIN
The Lagavulin Vein was discovered during the 2011 season and is significant
because this structure cross-cuts the main Camp Creek corridor vein sets. Hole
THN11-49 intersected 24.04 m of 1.23 g/t AuEq from 50.35 m depth including
5.04 m of 3.24 g/t AuEq.
FEEDER ZONE
Drill holes THN11-44 and THN11-45 were collared at the same location to test
the Feeder Zone at the junction of the Camp Creek and La Jaune Creek
mineralized corridors. Drill Hole THN11-44 was drilled at -50 degrees dip and
172 degrees azimuth and intersected 10.45 g/t AuEq over 1.20 m from 53.75 m
down hole and 1.50 g/t AuEq over 1.04 m from 65.94 m down hole. Hole
THN11-45 was drilled at -75 degrees dip and the same azimuth as THN11-44
and intersected 0.45 m of 20.97 g/t AuEq or 1.41 g/t Au, 343 g/t Ag and 6.63%
Cu from 40.42 m down hole.
Gold Equivalent (AuEq) values were calculated from a sum of metal values using
$1,088 per ounce of gold, $19.62 per ounce of silver and $3.20 per pound of
copper and do not take into account metal recoveries. Assays contain zinc and
lead values which were not included.
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