Aura Gold Property

SW British Columbia

Sixty three, 1.5-metre wide continuous chip samples across the largest quartz breccia outcrop averaged 0.514 grams per tonne gold and 5.4 grams per tonne silver, including a 13.5-metre interval which graded 1.034 grams per tonne gold and 9.6 grams per tonne silver

 

Source Mineral Occurrence File: Assessment Report 20488

Summary

The Property comprises 2,706 hectares of contiguous claims and is located approximately 150 kilometers east of Vancouver, British Columbia. It is close to two recently operated mines, in an area that is approved for mine development

 Previous exploration work by Noranda in the late 1980’s identified a gold bearing, silicified, breccia zone interpreted as a high level epithermal type occurrence (referred to as the Aura Breccia).  Mineralization is exposed over a length of approximately 100 meters, however contacts and potential extensions are overburden covered and the geometry of the zone has not been determined.  Preliminary sampling by Noranda indicated that the breccia zone was consistently mineralized and returned gold values ranging from several hundred ppb to 1,830 ppb (equivalent to 1.830 g/t gold).  According to Noranda, 51 continuous 1.5 meter samples (collected along the trend of the zone) returned an average grade of 0.503 g/t gold over a length of 75 meters including a 13.5 meter section that averaged 1,034 ppb (equivalent to 1.034 g/t gold).  Follow-up drill testing was recommended in 1990 by Noranda but was not carried out.  There is no published record of any systematic exploration work within the current claim area since the mid 1990’s.

 An airborne geophysical survey conducted by Project One identified a cluster of three high priority target areas as well as a series of magnetic lineaments that have been interpreted as possible structurally controlled mineralization localized at, or near, the bedrock-overburden interface.  Satellite imaging and alteration analysis and results of the compilation studies completed by Project One show that the cluster of new targets are located upslope of a strong “gold in stream” anomaly (117 ppb or 0.117 g/t gold) reported by the BCGS.  The series of magnetic lineaments reported to the west of the Noranda Target exhibit sericite-illite alteration responses in satellite imagery and are localized along the projected extension of a northwest trending series of precious and base metal, vein type occurrences that are located on mineral tenures immediately south of the property that are controlled by unrelated third parties.

 Recommended phase one work program has been designed to further test the new interpretation of the historic information and follow up on the improved geological model for the property. This work may identify additional zones of epithermal mineralization.

 

The technical information contained within this website has been reviewed and approved by Carl Von Einsiedel P.Geo., a qualified person as defined by NI 43-101.

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