Geodex Minerals intends to begin a Phase II drilling program to continue its Dungarvon 2011 drill project in central New Brunswick. Last summer, the company had purchased the Dungarvon project and encountered 0.022% tungsten oxide over 30.90 m in the first drill hole, DU-11-01, during an exploration drill program in fall 2011.
This drill hole was situated in the main portion of the Dungarvon project in the Peaked Mountain region. At present, the company is planning about 10-15 holes in a 2000 m drill hole program to assess the known region.
The geological features of the Dungarvon project are similar to New Brunswick granite-related molybdenum and tungsten deposits. The DU-11-01 drill hole in the Dungarvon hosts molybdenum and tungsten mineralization in sheeted vein systems inside the Ordovician mafic intrusive rocks.
Similar deposits like Burnt Hill (tungsten) and Sisson (tungsten - molybdenum) in central New Brunswick are located in Devonian granite intrusions’ contact zones. The 2012 Phase II drill project will target the main Peaked Mountain area. Drilling will be carried out in a region, which had not been drilled before Geodex's DU-11-01 drill hole, on the Dungarvon Granite’s eastern contact zone.
A number of features have been observed in the Dungarvon project. They include molybdenum, tin, and tungsten geochemical anomalies in soils in different regions of the project; access to the target region; permissive geologic environment; three individual regions with profuse mineralized boulders, which include mineralized sheeted quartz veins; and assays up to 0.8% molybdenum and 6.7% tungsten oxide.
The company is collecting all the past data supplemented by its 2011 exploration program and intends to begin the drilling program in the spring. It will also concentrate on other segments of the Dungarvon project to discover and mark additional drill targets.
Source: http://www.geodexminerals.com/