Gold Reach Resources has obtained the assay results from the 2011 drilling campaign conducted at its Auro property, which is situated contiguous to the New Gold’s Black-water Davidson deposit.
The company has 11 holes, totaling 3009 m of drilling, in this drill campaign and has examined six target regions located in a 5 x 5 km area. It has drilled these holes in a deeply covering region and these holes were targeted depending on the indirect surface geochemical methods and induced polarization geophysical anomalies.
The company did not find any major mineralization zones in the drill holes. The majority of the drill holes have found a huge roughly crystalline intrusive body, which has local quartz-sulfide layer zones connected with erratic zones of pyrite, sericite alteration of potassium feldspar, negligible molybdenite and chalcopyrite. This geologic atmosphere is too near to the huge intrusive body for the mineralization havingthe Blackwater-Davidson style of mineralization. The present drilling data has supported to outline the level of the huge intrusive body at the Auro property and the geologists of the company wonder that this intrusive body might share an inherent bond with Davidson-Blackwater style mineralization. Currently, the focus of the exploration on the enclosed claim block will be at the additionally outboarded zone from the intrusive, which targets the potential host rocks at parallel altitudes. The company has thoroughly explored less than 10% of the Auro property.
The company has freshly performed an airborne ZTEM survey over a region that is beyond 10 x 10 km on the huge land property located east of the latest drilling area. This survey was conducted with a line spacing of 200 m and will offer comprehensive data on magnetic and resistivity or conductivity properties of the bedrock that are underlying and will target the upcoming exploration. The company will conduct additional assessment, which contains surface geophysics, at the property before the next drill testing stage.
Source: http://www.goldreachresources.com/