Oct 26 2012
Mazorro Resources Inc. is pleased to announce that it has entered into an agreement for the acquisition of a 100% interest in a total of 426 claims covering approximately 23,613 hectares (236 square kilometres) located along the Detour gold trend ("DGT") in Quebec.
The DGT hosts the Detour Lake gold deposit with National Instrument 43-101 proven and probable reserves of 15.6 million ounces of gold (from a global measured and indicated resources of 23.3 million ounces and inferred resources of 5.8 million ounces; see Detour Gold (TSX:DGC) press release dated Jan. 25, 2012).
The three claim blocks acquired are summarized as follows:
- The Brouillan property is comprised of 218 claims covering approximately 12,095 hectares. The property is located within the southern part of the east-west trending DGT, approximately 50 kilometres east of the Detour Gold Mine. The Brouillan property covers approximately 28 kilometres of east-west strike length between two sub parallel deformation structures; the east-west trending Massicotte deformation zone and the northwest-southeast trending Lower Detour deformation zone.
- The Carheil property is comprised of 101 claims covering approximately 5,604 hectares and is located approximately 35 kilometres southeast of the Detour Gold Mine. The Carheil property covers approximately 20 kilometres of the Massicotte and Lower Detour deformation zones.
- The Jeremie East property is comprised of 107 claims covering approximately 5,914 hectares. The property is located approximately 70 kilometres east of the Detour Gold Mine and covers the northwest-southeast trending Jeremie deformation zone for a stike length of approximately 11 kilometres. The Jeremie deformation zone is a splay of the regional Sunday Lake deformation zone.
The deformation zones associated with the properties host a number of gold, copper and silver occurrences. Very limited prior exploration has been completed on the properties due to limited bedrock exposures and significant overburden depths. It is anticipated that airborne geophysical surveys will comprise a key component of the Company's initial exploration programs.
"With this acquisition, Mazorro becomes a major claim holder with significant upside gold exploration potential at these Detour gold trend properties. The deformation zones associated with the properties present excellent discovery potential. While the Company also plans to continue its focus on exploration drilling at the Lapaska, Val d'Or East gold project, this new acquisition assures a pipeline of exploration opportunities at different exploration stages, all in the Abitibi area", stated André Audet, Interim President and CEO of Mazorro.
Source: http://www.mazorro.com