Several zones of broken ground were encountered below this interval resulting in no core recovery in places. However, several shorter intercepts of mineralization encountered below this long interval suggest the true width of the Portage Zone remains approximately 140 meters; similar to that observed fifty meters to the northwest in hole SP10-019 (see news release dated November 2, 2010). Hole SP10-024, which twinned hole SP10-022 (223 meters at 1.45 grams per tonne gold; see news release dated November 17, 2010), is one of the two southeast-most holes drilled across the Portage Zone by Gold Canyon. Springpole Gold Project is 100% controlled by the Company and is located in the Red Lake Mining District of Ontario, Canada.
"Hole SP10-024 helps demonstrate uniform widths of mineralization in the southeast part of the Portage Zone," comments Dr. Quinton Hennigh, technical advisor to Gold Canyon. "All holes in this area, including SP10-016, SP10-019 and now, SP10-024, indicate a minimum true width of 140 meters. These holes also demonstrate continuity of mineralization to depths in excess of 350 meters. We are looking forward to testing shallower parts of this system this winter."
"Although we have experienced poor or no core recovery in places due to the soft and broken nature of the mineralization, we have seen far better recoveries drilling large diameter HQ core and drilling slowly," continues Hennigh. "Historic drilling was exclusively small diameter NQ core or smaller, and experienced very poor recoveries over long intervals making the Portage Zone difficult to evaluate. Although this rock requires patient drilling, we feel that the upside is it will have a very low work factor when it comes time to look at milling."
The Summer 2010 Diamond Drill Program, now complete, is part of an ongoing program of drilling and remodelling of the Springpole deposit to move it towards prefeasibility. Drilling is planned to continue through April 2011, at which time work will begin on calculating a revised resource estimate for the deposit.
Springpole is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. Springpole shares many similarities with deposits such as the Cripple Creek Gold deposit in Colorado. The Portage Zone is hosted by a trachytic porphyry intrusion displaying polyphase autolithic breccias that contain gold mineralization of remarkably uniform grade. Other zones, including East Extension, Camp and Main, consist of high grade veins and pods hosted in diatreme breccias composed of intrusive and country rocks. These diatreme breccias surround the northwest and northern margins of the Portage Zone. The known mineralized zones underlie a total known area of about 4 square kilometres representing only about 15 percent of the greater alkaline intrusive complex which yet remains to be explored.
Core was logged, then split using diamond saws, with one half sent for analyses and the other half stored for future reference. Quality control programs include the use of duplicates, standards and internal and external check assaying. Certified sample standards were submitted with the normal sample stream. Gold and silver assays were completed by SGS Canada Inc. in Red Lake and Toronto, Ontario using a 30 gram charge, fire assay, with an ICP finish. For over limit assay results, initial assays in excess of 10.0 grams per tonne Au, a gravimetric finish is utilized.
Quinton Hennigh, Ph.D., P.Geo. and Alan Roberts, M.Sc., P.Geo. are the Qualified Persons pursuant to National Instrument 43-101 responsible for, and have reviewed and approved, the technical information contained in this news release. Dr. Hennigh is acting as a technical adviser to Gold Canyon and Alan Roberts is the Senior Geologist of Alaska Earth Sciences, Inc. and Project Manager at Springpole.
Source:
Gold Canyon Resources Inc.