Hole SP10-028 ended in mineralization when the hole was terminated due to difficult drilling conditions. Both holes, SP10-028 and -029, test parts of the Portage Zone. The Springpole Gold Project is 100% controlled by the Company and is located in the Red Lake Mining District of Ontario, Canada.
"Hole SP10-029 is anomalous for the Portage Zone which typically displays true widths of 100-150 meters and grades of around 1.3-1.5 grams per tonne gold," comments Dr. Quinton Hennigh, technical advisor to Gold Canyon. "The true width of the Portage Zone represented by the intercept in SP10-029 is about 90 meters, yet the grade is significantly higher at 2.23 grams per tonne gold. This intercept may indicate that the zone narrows but increases in grade with depth."
"Hole SP10-028 tested a 100 meter gap in drilling in the southeast part of the Portage Zone," continues Hennigh. "Although we were disappointed the hole did not penetrate the full width of the Portage Zone, we are very pleased to see it return good gold grades in this critical gap."
The Summer 2010 Diamond Drill Program completed in October, 2010 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 revising the 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.