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Gold-bearing Iron Formation
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Overview:
- A gold-rich banded iron formation with a projected strike up to 20 km and near surface, bulk tonnage potential.
- Preliminary diamond and RC drilling have outlined a 450 metre by 200 metre bulk tonnage, low-grade gold zone.
- The deposit is open in all directions including at depth (deepest RC holes to ~100 m, several bottomed in gold).
- Recent drilling highlights include: 1.45 g/t gold over 8.8 metres including 5.05 g/t gold over 1 metre (GHGS-031)
- Historical drill highlights include:
2.55 g/t gold over 14.23 metres (GS-12), 3.67 g/t gold over 12.24 metres (RCGS-04-23), 2.34 g/t gold over 14.28 metres (RCGS-04-34), 1.89 g/t gold over 17.32 metres (RCGS-04-13).
Exploration 2008:
- Extensive IP and Mag geophysical surveys over a significant portion (110 line km) of the iron formation was recently completed. Analysis and interpretation are underway.
- Further target development and drilling is planned.
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