Parlane Resource, a junior exploration company, has declared that work has begun at the Big Bear property over the regions, which were targeted during the 2011 exploration drilling program.
The location of the Big Bear property is in the Nechako Plateau in central British Columbia, which is about 100 km towards the southern part of Vanderhoof and encloses 14,366 ha. This property is situated between two mineralized systems, namely the Capoose and Blackwater properties. The Big Bear property has high potential for discovering similar transitional, epithermal and subvolcanic porphyry mineralization.
New Gold has announced indicated and measured mineral resources at the Blackwater property of 28.5 Moz of silver and 5.5 Moz of gold. The indicated and measured mineral resource of Capoose has been reported as 0.4 Moz of gold and 26.6 Moz of silver.
The field crews at the Big Bear property have commenced a comprehensive geochemical sampling program and are making preparations for ground-based induced polarization (IP) geophysical surveys over potential regions, which encountered anomalous assays in the 2011 campaign.
Assays of gold from soil samples gathered during 2011 ranged from 628 ppb to less than 1 ppb. The company has planned to carry out drilling over selected targets and has received a BC Mines Act permit for this drilling work. A new beetle-kill harvesting and a wide logging road network provide access to the project area.
Source: http://www.parlaneresource.com/
Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.