MegumaGold Corp., a Canadian junior gold exploration company, takes pleasure in announcing that all remaining soil geochemistry results for sampling have been successfully received. The sampling was concluded at MegumaGold’s 6,230-hectare Touquoy West Project located in Nova Scotia, during 2019.
Receipt of the final soil geochemistry results for the Touquoy West Project survey grid has resulted in definition of a third large exploration target area along the interpreted trend of the Meguma anticlinal fold corridor that hosts the St. Barbara Ltd. Touquoy Gold Mine as well as other gold deposits.
Theo Van der Linde, President, MegumaGold Corp.
Van der Linde continued, “We’re very pleased to see these large arsenic and gold anomalies taking shape and believe there is similarity of the grade and size of these large arsenic and gold anomalies to the adjacent mine.”
“The significance of arsenic in the surrounding rocks and soils of many of the major deposits in Nova Scotia is well documented and we now have three such anomalies on an anticlinal corridor which has the proven ability to host multiple large, low-cost gold deposits,” added Van der Linde.
The most recent soil geochemistry results apply mainly to the northeast and east regions of the survey grid. An area that extends to roughly 70 line kilometers.
An anomaly in the eastern region was defined by soil arsenic results. The eastern region measures around 0.1 to 1.0 km in the north-south extent and 1 km in the east-west extent. Within this bigger arsenic zone, anomalous gold values occur locally and expose line-to-line continuity of 600 m in one instance. Currently, the recent anomalous trend stays exposed to both the southwest and northeast.
In the most recent anomaly, the correlation of gold and arsenic values is analogous to the values defined in MegumaGold’s previous disclosure associated with soil geochemistry anomalies. These anomalies are situated about 3.5 km and 1 km to the southwest and west on the same grid area.
The three major gold and arsenic anomalies described above lie parallel to the identified northeast trend of the Moose River anticlinal fold corridor. They are developed in regions that are directly overlying—or to the south of—the identified main fold hinge zone.
MegumaGold has interpreted this anticlinal fold corridor structural association to have resemblances to that of the Touquoy Gold Mine deposit. This mine deposit is situated inside the same anticlinal fold corridor about 2.5 km northeast of the recently identified anomaly illustrated above.
As previously described, the western-most anomaly located on the Touquoy West Project survey grid continues to remain exposed to neighboring Genius Metals Inc. property located to the west. MegumaGold has recently optioned this property.
Soil samples throughout the full survey grid were obtained at intervals of 50 m along survey lines that are nominally spaced at intervals of 100 m.
The 2019 program returned gold values that defined anomalous trends. These gold values have a similar magnitude to that of the b-horizon soil sample gold values returned from previous surveying performed by Seabright Exploration Ltd. Seabright conducted the survey on what is presently the neighboring St. Barbara property in 1988.
The b-horizon soil samples were sent to Eastern Analytical Ltd. located in Springdale, Newfoundland, for both preparation and analysis.
Post drying and sieving, fire assay techniques and atomic absorption finish (FA-AA) were used to analyze a 30 g fine pulp split for gold. For multi-element analysis, a second fine pulp split was prepared using inductively coupled plasma (ICP) techniques following four-acid digestion.
MegumaGold’s Quality Control and Quality Assurance procedures for the soil samples involved a systematic inspection of blank samples, certified reference materials, and duplicate pulp splits.
Eastern Analytical Ltd. is a fully accredited commercial analytical services company registered to ISO 1725 standards for gold as well as multi-element analysis protocols.