Goldrich Mining has commenced a diamond-core drill campaign at its Chandalar gold property in Alaska. This program will examine several targets having 25 to 30 angle holes, averaging 500 ft, and a few holes up to 750 ft.
The company will conduct drilling program to explore a well-known northeast gold mineralization trend that is over a length of five miles and a width of half a mile. This gold mineralization exists in the area where northwest striking shear zone sequence intersects a northeast structural folding. Gold along with strong arsenic mineralization besides this corridor occurs in the wide shears and its surrounding metamorphic stratigraphy. The mineralized meta-sediments have chloritic schists and black graphitic phyllites. At the periphery of these black phyllites exists the gold mineralization, which identifies a strong, northeast trending magnetic halo for a length of over five miles.
The Director and Geologist of the company, has stated that the Chandalar project demonstrates the features of sediment-hosted orogenic gold mineralization potential for the outstanding gold deposits. The structure, composition and distribution of the pre-metamorphic sulfide and organic rich metalliferous black shales are revealed by a metamorphic equivalent at the project called the Mikado Phyllite. The Mikado Phyllite is exclusive to the Chandalar property and is hundreds of feet broad, and provides a Carlin-type prospect for Goldrich Mining.
Source: http://www.goldrichmining.com/