Posted in | Gold | Silver

Guinness Exploration Announces Assay Results from Charlotte Project, Yukon

Guinness Exploration (OTC Bulletin Board: GNXP) has reported on the assay results from trenching numerous mineralized zones at the Company's Charlotte Project, Yukon Territory, Canada.  

Trenches were cut at the Huestis, Webber, Cabin, Orloff-King, Dickson, and GRW zones. Trench results confirm or extend known mineralization at the Huestis and Webber zones. Trenches at the Cabin, Orloff-King, and GRW zones have successfully delineated new zones of gold and silver mineralization that is open to depth and along strike. In particular, trenching at the GRW zone identified gold and silver in structural settings similar to the Flex zone (although of lower grade), which was drilled earlier in 2010 (see news releases dated November 3, 2010 and October 18, 2010), and additionally disclosed the presence of copper in intrusive rocks that were identified in the GRW trenches.  

Virtually all of the trenches contained zones of anomalous gold and silver, ranging from 0.2 grams/tonne ('g/t') up to the level of results presented above. At Orloff King, Cabin, Webber, and GRW zones, the mineralized trends can be tracked from trench to trench. Work on trace element geochemistry continues, but early analysis suggests the presence of geochemical zonation that may be attributed to the presence of porphyry copper-gold mineralization in the vicinity of the GRW zone.

Trenching totalled 2,243 metres in 20 trenches.  Of these, 16 trenches totalling 1,917 metres bottomed in bedrock while the remaining four trenches bottomed in permafrost and may be completed in following seasons.  Ten trenches totalling 1,100 metres were cut on the Orloff-King Zone, of which 9 trenches totalling 1,052 metres reached bedrock. A total of five trenches, combined for 665 metres, were cut on the GRW zone and, of these, three bottomed in bedrock for a total of 466 metres completed to bedrock. The remaining five trenches were cut on the Webber, Huestis, and Cabin zones, and on geochemical anomalies scattered across the property. All but one of these five trenches reached bedrock for a total of 400 metres of trenching completed to bedrock. A total of 554 unique samples were collected from trenches and submitted for assay.

Guinness technical advisor John Hiner commented, "These results, both the high grade intervals and the surrounding envelopes of lower grade gold and silver in all the trenches, continue to strengthen the case that the Charlotte property offers bulk tonnage ore potential for gold and silver. We are additionally pleased to have found copper-gold mineralization in intrusive rocks, which may also offer a porphyry target yet to be fully evaluated."

Source: Guinness Exploration

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