Alix Resources has reported that the drilling and exploration programs have been commenced at the company’s West Pogo and Money Rock gold projects.
These projects are situated 3.5 km to the western part of Sumitomo Metals’ Pogo mine. Sumitomo yields below 400,000 oz of gold per annum.
The geology of the Money Rock ground is similar to that of the Pogo mine, including late Cretaceous Paleozoinc paragneiss and orthogneiss country rocks infringed by late Cretaceous reduced felsic intrusions, which range from tonalites to granites. Two gold mineralization zones from the rock-chip grab samples, including gold of up to 118.5 g/t, were previously discovered by the work previously carried out at West Pogo project. Rock grab samples, including gold of up to 200 g/t gold, have been recovered by the reconnaissance sampling program carried out at the Money Rock project. The company has obtained several grab samples along with more than 1 g/t gold from those two properties.
The company has discovered drill targets with the incorporation of geophysical or geochemical information and has planned for 6,000 ft of core drill program for the 2012 season. In addition, Alix has intended to carry out rock and soil sampling, geologic mapping and reconnaissance silt at the properties.