Corvus Gold, a resource exploration company, has released the new drill results from the LMS property located in Alaska. Drilling was performed by First Star Resources in 2011 before returning the LMS property to Corvus.
A minimum of 800 m of down-dip continuity on the Camp Breccia has been confirmed by the First Star drilling. The Camp Breccia is a stratiform black breccia body, which is well mineralized and plunges to the west from the surface outcrops. The LMS property shares similar features with other Tintina Gold Belt deposits that include White Gold project in the Yukon, Kinross Gold's, and Pogo Mine.
The Camp Breccia is one of the numerous surface gold targets on LMS. The company has planned to explore this Breccia in 2012 and intends to produce a 43-101 resource estimate.
In the First Star drilling, the holes LM-10-38 encountered numerous higher grade zones that include 2.9 m at 12.5 g/t gold; the hole LM-10-39 intercepted 13.4 m at 12.4 g/t silver and 2.5 g/t gold; the hole LM-11-40 encountered 23.3 m at 11.9 g/t silver and 5.2 g/t gold; the hole LM-11-42 intercepted 1.8 m at 17.7 g/t silver and 2.7 g/t gold; and the hole LM-11-43 encountered 1.8 m at 41.7 g/t silver and 2.7 g/t gold in the black breccias.
Gold inside the host horizon seems to be structurally controlled and correlated to a shear zone, and shows similarities to the structural controls that exist at the Pogo Mine’s high-grade ore zones.
Identification of this district-scale structural zone underlines the possibility of other targets on the LMS property. Corvus Gold will conduct an exploration program on the other untested targets in this highly favorable gold system.
Source: http://www.corvusgold.com/