Post by
nopoo on Nov 22, 2009 6:54pm
TIX.v
TIEX Inc.’s currently is focusing its exploration efforts on the Gold Creek Zone, located just north of the town of Likely, B. C., where prospecting and some recently acquired historical data have demonstrated the presence of gold values.
Technical surveys are being completed and the second phase of drilling will commence once all current data has been fully analyzed.
The zone comprises iron carbonate-altered wacke and tuffaceous wacke located at the conjunction of the Gold Creek and Poquette Faults and in proximity to a hornblende diorite intrusion.
Following completion of induced polarization and other geophysical surveys, TIEX Inc. plans to conduct its second phase drilling program in the Gold Creek Target along the developed exploration targets.
The remainder of the TIEX Inc. mineral tenures will be systematically explored as crews become available. The exploration model concept is of auriferous black phyllite that has been mineralized with a myriad of small quartz veinlets, some of which are accompanied by fine gold grains and which can be processed by bulk mining methods.
Similar deposits are among the world’s largest gold sources, including Muruntau, Uzbekistan, Kumtor, Kyrgystan, and Sukhoi Log, Siberia, and Ballarat and Bendigo in Australia. Also nearby are similar smaller deposits such as Fraser Gold (Hawthorne) and Spanish Mountain in BC. Large placer gold fields commonly are found close to such deposits, as is the case in the Cariboo district in B.C.