Dios Exploration has announced the discovery of important in situ gold porphyry at the company’s wholly-owned 33 CARATS project.
33 Carats gold property
This sector when explored defined a gold zone of a few sq. km of homogeneous tonalite together with sixty dispersed samples bearing copper sulfide. A clear association of bismuth, copper, gold and silver is present having similarities to gold porphyry deposits.
The 33 CARATS gold project lies 8 km towards the northwestern part of the Eastmain volcanic-hosted gold mine that is 315 km towards north of Chibougamau.
This project houses folded volcanics that are enclosed around targeted tonalitic-granodioritic rocks along with dispersed chalcopyrite-pyrite mineralization and quartz veins that indicate prospects for porphyric mineralization of gold.
The metal associations and mineralization style show that there is potential for a low-grade porphyry gold deposit at the property.
Out of 246 rock samples obtained from the granodiorite and tonalite regions during this year, some 25% yielded gold values of more than 0,1 g/t, 10,5% yielded values over 0,45 g/t gold, and 14,2% returned more than 0,3 g/t gold values.
Samples rich in gold are restricted to the tonalite region, in which a few samples containing gold were unveiled from felsic synvolcanic quartz porphyry intrusive.
The company carried out systematic exploration work at the 33 CARATS project and obtained outcropping gold results, following a gold in till glacial dispersal structure that result in the identification of tonalite angular glacial boulders containing gold, in Fall 2011.
Source: http://www.diosexplo.com/
Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.