Dec 8 2014
Gentor Resources Inc. is pleased to announce that it has received the final forestry drill permit from the Ministry of Forestry and Water Resources in Turkey enabling it to undertake its planned Phase 1 diamond drilling program in the southern part of the Karaburun Project.
The Project is a metasediment hosted VMS (volcanogenic massive sulphide) system in forest terrain about 17 kilometres northwest of the town of Boyabat in the Sinop District of the Black Sea region, northern central Turkey.
Gentor now intends to ground-truth and drill test priority gossan/VMS targets in early 2015, once weather conditions allow. The drill permit allows Gentor to prepare access roads and drill at up to 27 locations in the southern part of the Project. Gentor proposes to drill an initial 12 holes for 2,100 metres.
Gentor has outlined at the Project a 2.5 kilometre long gossanous, Besshi-style VMS mineralised system within Mesozoic Ophiolite-related mafic volcaniclastics and metapelites, similar in both age and character to the Hanönü copper deposit, some 11 kilometres to the northwest. In a recent government tender process in September 2014, Gentor successfully bid for the area covering the remaining portion of the Project (reference is made to the Company's press release dated September 10, 2014), the southern part of which was already held by the Company under an existing Turkish joint venture agreement (see Figure 2). Work in both the southern joint venture agreement area and the northern license area, confirms widespread copper and zinc anomalism, in initial hand-held XRF measurement of stream sediment and soil geochemical samples, over outcropping and shallow depth continuations of gossan.
Exploration Review
Rock and soil geochemical results collected by Gentor at Karaburun have defined widespread Cu-Zn-Ag-Au and Co anomalism coincident with numerous stacked stratigraphic mineralised gossan horizons - numbered Main and 1 to 8. Mapping and insitu soil analyses with portable XRF along 100 metre spaced N-S oriented soil geochemical profiles has confirmed and refined the anomalism in relation to the positions of insitu ironstone gossans and their down-slope boulder trains (Figure 3). This data highlights the stratigraphically lower eastern end Main Lode as Cu-rich (+500 ppm Cu) and the central portion (No. 6/7 lodes) as Zn-rich (+250 ppm Zn), whereas the upper western lodes exhibit a more polymetallic Cu-Au-Ag rich signature.
Stream sediment sampling with portable XRF analysis conducted within the Sevlik Creek rainage encompassing the VMS system, highlights the anomalous copper and zinc geochemistry for several kilometres below the gossans and within the exposed system, against a low background elsewhere in the hanging wall zones (Figure 4). In the footwall to the north of the main gossan zones, several anomalous drainages support potential for more mineralisation in the new license area. Ongoing mapping and soil geochemistry over the central northern part of the new license led to the identification of new stringer-style mineralisation marked by narrow argillic and/or hematitic alteration zones with pyrite and copper oxides. However, these are currently thought to represent possible feeders in the footwall zone.
The Company has established good working relations with its Turkish partner to promote local community acceptance and support for detailed exploration of the prospective sequence regionally as well as at Karaburun.
Source: http://www.gentorresources.com/