Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Saturday 11th of February 2012
Monday, April 7, 2008

Kinbauri Gold confirms extensive gold zones at Aztec, Nevada

Kinbauri Gold confirms extensive gold zones at Aztec, Nevada

Kinbauri Gold Corp. has received the final report from its rock trenching program completed on its Aztec property (Aztec) in the Goldfield area of Esmeralda County, Nevada; approximately 184 linear meters were excavated (about 442 cu m) following drilling and blasting. The excavations targeted the more prospective areas within a large (1,200m by 200m) gold in soil anomaly. Assays from numerous grab samples and drill cuttings support the prospectivity of this broad area.

Two trenches were excavated at the south end of the gold in soil anomaly and produced the following assays:

TRENCH 1: 0.6g Au/t over 35m with a range of values from 0.3 to 1.1g Au/t.

TRENCH 2: 0.3g Au/t over 33m with a range of values up to 0.7g Au/t over 1.5m.

Both trenches were excavated in silicified and micro-fractured lapilli tuffs: associated anomalies in Ag, As, Sb and Hg, a suite of elements common to epithermal gold deposits in Nevada, are also present. Noteworthy is a short hole drilled by Kennecott in 1989, approximately 60m ESE of Trench 1 that intersected 3.2g Au/t over 4m, including 8.7g Au/t over 1.5m (historic).

Four trenches were excavated over a distance of 200 m at the north end of the geochemical Au in soil anomaly and produced the following assays:

TRENCH 4: 0.6 g Au/t over 12 m.

TRENCH 5: 0.5 g Au/t over 21 m; including 1.1 g Au/t over 5.5 m.

TRENCH 6: 0.4 g Au/t over 27 m, including 1.3 g Au/t over 3.3 m.

TRENCH 7: 1.2 g Au/t over 11 m, including 2.6 g Au/t over 3.3 m.

Gold in these trenches is hosted in brecciated gossanous limestone with jasperoid layers and it is associated with a clearly identifiable N-S fault. These trenches have associated anomalous values in Ag, As, Sb, Hg and Mo.

These results confirm the presence of epithermal gold systems on the Aztec property, hosted in silicified tuff of Tertiary age and in Paleozoic gossanous, brecciated, jasperoid bearing limestone. Drilling and mapping by Kenncott and U.S. previously Borax defined a pervasively altered north-south trending gold bearing dome-like structure in the silicified tuffs: however its total extent is difficult to determine because of alluvial cover.

 


Related posts to: Kinbauri Gold confirms extensive gold zones at Aztec, Nevada

Nevada Copper expands East and North deposits ...

Allied Nevada purchases mining fleet ...

Gryphon enters lease agreement with Pruett-Ballarat ...

Allied starts operational activities at Hycroft Mine ...

Resource update for Sutter Gold project ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 1777 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):