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DEPOSIT GEOLOGY
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There are two main zones of the gold mineralization at Moss Lake, which are probably the same one separated by a cross fault. The more westerly zone has been called the Main Zone and the easterly, the QES Zone. In both zones, gold occurs over a width of 400 to 500 feet but most gold is confined to narrower shears within this width. In the Main Zone the mineralized zones are fairly distinct and narrow (average thickness about 50 feet), but toward the east (in the QES Zone) they merge into a broader zone (up to 300 feet thick) of more uniform gold mineralization.
In addition to the main central zone there are several smaller zones (North Zone, Boundary Zone) associated with weaker shears parallel to the central one. They are similar in nature to the Main and QES Zones.
The gold at Moss Lake occurs mainly as fine-grained free gold associated with minor disseminated pyrite and chalcopyrite (total sulphide 2 to 3%) in zones of most intense shearing and sericitization. Gold can also be found in less sheared material (always with sericite) and some may occur as a telluride. Visible gold is very rare.
Moss Lake Resource
A recent 43-101 compliant technical report completed by independent consultants Watts, Griffis, McOuat Ltd. ("WGM") defines an inferred resource of 56.1 million tons grading 0.027 ounces gold per ton for the Moss Lake deposit, containing 1.51 million ounces. This includes 39.0 million tons grading 0.035 ounces per ton applying a 0.015 ounce per ton cut-off grade. WGM recommends a Preliminary Assessment to determine the economic conditions necessary to promote the resource classification and advance development options.
» View Moss Lake Technical Report
In 2003, drilling discovered a new zone located 2.5 kilometres southeast of the Moss Lake deposit which included an intersection of 6.9 grams of gold per tonne over a corelength of 1.86 metres. This occurs in a broad gold-enriched pyrite sequence traced by induced polarization surveys across a strikelength of at least 1.2 kilometres.
Management continues to be impressed with the size of the resource and obvious exploration potential of the Moss Lake deposit. The significance of this asset will grow with the gold price. |
