TSXV:BVG - Post Discussion
Post by
trader2day on Dec 17, 2009 6:21pm
CAJ next door Bonanza grade find
The neighbor to the east of Homestake ridge is CAJ and TUO Clone Bonanza gold find.
Clone recently discovered this in there drill assays. Clone is located on upper left side of this area map.
Canasia Industries Corporation ("CAJ") is pleased to announce that the second phase of drilling on the Clone gold property, situated 18 km southeast of Stewart, BC, is now complete and wishes to report the first set of drill results to date returned from Pioneer Laboratories. The remaining set of drill results are expected within the next 10-14 days.
Holes #15 to 21 are from the Trench 4 and 14 areas. The major lithology is observed to be light grey to green andesitic pyroclastics intercalated with fine grained to aphanitic andesite. Clasts are subangular to angular, matrix supported, and range in size from 1-3cm. Quartz-calcite stockwork pervades the unit in moderate abundance. The mineralization is localized within highly silicified semi-massive to massive hematite-specularite and gold occurs as fine disseminations and is associated with the oxide mineralization. A diabase dyke has been observed in many of the holes, acting to minimize and in some cases deplete the mineralized zone.
Most of these holes cut high-grade intersections as follows:
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) |
| 15 | 14.63 | 17.07 | 2.44 | 14.05 |
| 16 | 13.72 | 21.64 | 7.92 | 20.22 |
| 18 | 22.56 | 31.09 | 8.53 | 3.61 |
| | 46.33 | 50.60 | 4.27 | 26.23 |
| 19 | 6.10 | 12.19 | 6.09 | 2.09 |
| 20 | 4.57 | 24.69 | 20.12 | 7.11 |
| Incl. | 16.76 | 24.69 | 7.93 | 15.28 |
| | 34.44 | 46.94 | 12.50 | 7.39 |
| 21 | 11.89 | 19.81 | 7.92 | 30.37 |
| Incl. | 11.89 | 13.72 | 1.83 | 115.80 |
Holes #16, #20 and #21 were particularly impressive. Hole #16 intersected 7.92m grading 20.22 g/t , Hole #20 intersected two zones, the first 20.12m grading 7.11 g/t and the second 12.5m grading 7.39 g/t. Hole #21, the first hole of the second phase, returned bonanza values 7.93m of 30.37 g/t. Because snow cover obscured the surface trace of the zone, true widths could not be calculated at this time.
Cheers
Trader2day
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