Miocene Metals has declared the extension of the MacKenzie property size by eight times from 36.3 to 299.03 sq. km, after receiving the 2011 summer work program results.
According to Miocene Metals’ CEO and President, Bruce Jago, the company has firm proof that the mineralized gold and copper at the property is connected with a buried porphyry system. It has not yet outlined the system limits. The company felt that it was ideal to secure a key land position in the region.
As the company discovered granodioritic intrusive rocks that are fine-grained and connected with the high-grade and structurally controlled mineralized copper and gold, it decided to extend the MacKenzie property. The company has mapped and sampled the mineralization located on surface over an area of approximately 700 x 1200 m. These cross-cut intrusive rocks are more recent when compared to the nearby Coastal Pluton complex rocks. The company analyzed these rocks and gold-copper mineralized structures and the related potassic alteration in order to confirm that the high-grade exposures on the surface are connected to a porphyry system that is unexposed at the present erosion level and the accurate location is not known..
The property extension has been planned to make sure that the mineralization’s porphyry source lies within the property boundaries.
The location of the Mackenzie property lies 80 km towards the northwest part of Pemberton BC. This property is one of the seven properties of the company in the Tertiary-aged Cascade Magmatic Arc.
The company’s 2012 exploration at the property will target on drill testing the high-grade structures of mineralization, and three dimensional modeling and surface mapping to spot the mineralization’s possible buried porphyry source.
Source: http://www.miocenemetals.com/