According to NuLegacy Gold, the geology intersected in MR23-01 is mostly consistent with expectations. The Migo fault is where it was predicted to be, intersecting a thickness of Devonian Wenban5 formation that measured 56.4 meters (185 feet) beginning in the hanging wall of the intended fault corridor.
Image Credit: Mr. Tempter/Shutterstock.com
With the exception of anomalous gold mineralization around the approximate center of the Cretaceous diorite and metamorphic alteration, the predicted Cretaceous diorite and metamorphic alteration was intercepted within the Wenban5 target zone.
Assay findings for MR23-01 (azimuth 60°, inclination 50°) showed many periods with anomalous gold values (cut-off at 0.10 grams gold/t). The most notable of these is an average of 0.091 grams of gold/ton, with values ranging from 0.013 to 0.677 grams at a depth of 1570 to 1645 feet.
The section’s geology intersected under the volcanics at a lower level, showing sharper bedding dips than expected between the Iceberg Corridor and the Mid-Rift target. This might potentially point to a local anticline that could improve the target.
The geological features encountered in the drill hole confirms that we are on the right path with the exploration model. Once the supporting geochemical data is received a more instructive geological representation will be available and allow for a reexamination of the Mid-Rife target concept.
Dr. Roger Steininger, Director, Exploration, NuLegacy Gold
Before committing to drilling further of the program's holes in this extensive and mostly untested target zone, NuLegacy has requested that the assay lab expedite/rush the assay for the second completed hole (IS23-01) of the 5-hole Midrift program.
Source: https://nulegacygold.com/