Purecore Metals Inc. press release
Augen Gold provides Additional Assay Results from Jerome Mine Winter Drilling
CSE - Canadian National Stock Exchange ยท Canada
TORONTO, July 18 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the Company") (TSX-V:AUJ) today provided results of additional assays received from its winter drill program at the former Jerome Gold Mine. The aim of the drill campaign was to investigate the extensions of the Main and South Zones to depth and along the strike of the mineralization.
The Company now has complete results for 18 of the 21 holes drilled.
Highlights of the recent results include:
1. Confirmation of mineralization at depth on the Main and South zones, with lower assay results than the previous, shallower historical holes. 2. Intersection of the Main Zone in holes AG08-14 and AG08-17 1km west of the former mine shaft. 3. Discovery of a new gold-bearing sulphide-rich zone of mineralization south of the South Zone. 4. Discovery of gold in a white quartz vein in hole AG08-21 along strike 700 metres to the east of the previously delineated Main Zone.
"The results show that gold and molybdenum extend to at least a depth of 600 metres, over a strike length of 2,500 metres. Although the results at depth contain relatively low grades, we are encouraged by the very large size of the mineralized system and its potential to host an economic deposit," said Michael Fowler, President and CEO of Augen Gold. "Over the next few weeks, the Company will focus on releasing the balance of our drill assay results and un-sampled Osprey Gold drill core, as well as completing a NI 43-101 compliant resource estimate so that Augen Gold can start to consider a Preliminary Economic Assessment of the Jerome area. This will be part of the the Phase II exploration program, along with evaluating other regional targets."
Details of the recent results are:
1. Drill results at depth on the Main and South zones reveal many
intersections of anomalous gold, usually accompanied by silver and
molybdenum. These intersections include shorter intervals with values up
to 12.35 g/t Au. Most of these mineralized intervals occur in carbonate-
rich alteration zones, with the higher-grade material associated with
dark quartz or sulphide. The table below summarizes the results.
2. The two highest-grade gold samples reported here fall along the
western strike extension of the Main Zone under Lake Opeepeesway. A value
of 12.45 g/t Au over a core length of 0.4 metres in hole AG08-17 is
associated with a narrow interval of pyrite, whereas the interval of
9.95 g/t Au over a core length of 0.51 metres is a typical Main Zone
intersection associated with over 5 lbs per tonne (2520 ppm) molybdenum.
3. A zone of pyrite enrichment has been identified south of the South
Zone. Hosted by mafic intrusive rock, porphyry and metasedimentary wacke,
it is commonly enriched in gold, as for example from 96.23 to 108.15
metres in hole AG08-11.
4. Drill hole AG08-21 was drilled 1500 metres east of the shaft to test a
magnetic feature interpreted as the eastward extension of the Main Zone
under Lake Opeepeesway, and contained several zones of gold
mineralization. A value of 1.96 g/t Au over a core length of 2.20 metres
was returned from an interval of diorite containing pyrite and minor
quartz veinlets. Two shallower zones interpreted as the possible eastward
continuation of the South Zone returned values of 0.21 g/t Au over a core
length of 3.00 metres and 0.25 g/t over a core length of 1.60 metres
respectively. A 6 metre quartz vein trending at a low angle to the core
axis between 234 and 240 metres, interpreted as the Main Zone, returned
3.22 g/t Au over a core length of 1.32 metres.
Core True Molyb From Length Width Gold denum (m) To (m) (m) (m) (g/t) (ppm) ZONE
AG08-03 294.90 295.30 0.40 0.25 1.90 277 SZ 2 340.84 346.32 5.48 3.46 0.17 17 SMZ 346.90 347.17 0.27 0.17 5.02 521 SMZ 351.00 353.52 1.24 0.78 0.13 16 SMZ 365.00 375.00 10.00 6.32 0.49 95 MZ incl: 367.84 372.12 4.28 2.71 0.88 173 MZ 386.20 391.00 4.80 3.03 0.26 55 393.00 395.00 2.00 1.26 0.13 10 399.00 407.00 8.00 5.06 0.21 25 AG08-04 236.30 240.50 4.20 2.66 0.18 - 246.50 247.75 2.41 1.52 0.18 16 SZ A 260.30 268.72 8.42 5.32 0.20 16 SZ 321.00 322.94 1.94 1.23 0.78 183 SZ 2 328.92 334.00 5.08 3.21 0.58 114 SZ C 423.49 426.29 2.80 1.77 0.52 208 544.16 547.67 3.60 2.28 0.44 152 MZ 561.38 563.30 1.92 1.21 0.16 78 AG08-05 57.00 58.50 1.50 0.95 0.63 36 S of SZ 228.13 231.60 3.47 2.19 0.23 - 337.33 340.00 2.67 1.69 0.48 27 345.00 349.00 4.00 2.53 0.48 145 SZ incl: 347.00 348.00 1.00 0.63 1.24 314 SZ 368.00 371.00 3.00 1.90 0.21 75 SZ 2 373.00 382.00 9.00 5.69 1.69 125 SZ 2 incl: 376.00 382.00 6.00 3.79 2.62 181 SZ 2 incl: 379.00 382.00 3.30 2.09 3.90 291 SZ 2 412.00 416.00 4.00 2.53 0.20 21 442.00 443.00 1.00 0.63 2.54 57 SMZ? 460.00 468.88 8.88 5.61 0.34 163 MZ incl: 464.75 468.88 4.13 2.61 0.37 149 MZ 479.87 484.04 4.17 2.64 0.17 6 MZ AG08-06 253.40 258.98 5.58 3.53 0.19 61 SZ 267.92 270.68 2.76 1.74 0.39 47 SZ 273.50 275.42 1.92 1.21 0.24 271 SZ 514.75 516.90 2.15 1.36 0.15 249 MZ 529.30 532.72 3.42 2.16 0.17 40 MZ 535.58 537.34 1.76 1.11 0.31 132 MZ 538.52 539.70 1.18 0.75 1.61 6 MZ 590.65 593.79 3.14 1.99 0.18 188 NMZ? AG08-07 242.00 244.86 2.86 0.91 1.27 62 SZ 253.14 277.80 24.66 7.85 0.44 105 SZ incl: 261.45 277.80 16.35 5.21 0.55 150 SZ incl: 273.92 277.80 3.88 1.24 1.21 274 SZ 472.36 499.87 18.18 5.79 0.31 31 MZ incl: 472.36 473.67 1.31 0.42 1.15 4 MZ incl: 491.10 493.20 2.10 0.67 0.82 43 MZ AG08-08 48.00 49.50 1.50 0.48 0.72 3 106.00 110.00 4.00 1.27 0.47 1 186.90 189.11 2.21 0.70 3.22 0.6 SZ incl: 186.90 188.11 1.21 0.39 5.41 1 SZ 215.42 235.58 20.16 6.42 0.27 5 SZ 238.75 241.43 2.68 0.85 0.27 9 SZ 256.30 264.00 7.70 2.45 0.12 10 385.10 388.10 3.00 0.96 0.49 16 SMZ 395.60 399.50 3.90 1.24 0.21 21 SMZ 401.00 405.84 4.84 1.54 0.28 114 SMZ 423.20 426.80 3.60 1.15 0.22 78 SMZ 484.50 493.04 8.54 2.72 0.19 28 MZ AG08-09 19.80 22.00 2.20 1.10 0.26 4 S of SZ 55.00 57.00 2.00 1.00 0.12 1 S of SZ 60.00 62.00 2.00 1.00 0.14 2 S of SZ 242.00 244.00 2.00 1.15 0.18 57 above SZ 471.00 472.00 1.00 0.57 0.46 367 below SZ 586.00 588.00 2.00 1.30 0.23 280 below SZ2 644.00 650.00 6.00 3.90 0.15 117 MZ AG08-10 307.60 308.90 1.30 0.65 1.63 23 SZ 318.10 321.00 2.90 1.45 0.20 17 SZ 334.00 343.40 9.40 4.70 0.25 45 SZ 347.00 352.00 5.00 2.50 0.18 36 SZ 377.20 379.01 1.81 0.91 0.17 25 SZ 566.00 568.00 2.00 0.87 0.12 17 SZ2 ? 579.00 581.00 2.00 0.87 0.20 32 SZ2 ? 661.00 664.00 3.00 1.30 0.13 140 SMZ 702.75 713.64 10.89 4.73 0.71 447 MZ 730.32 734.50 4.18 1.82 0.19 94 NMZ ? AG08-11 96.23 108.15 11.92 5.96 0.48 9 S of SZ incl 97.73 100.27 2.54 1.27 0.95 34 S of SZ and 105.92 107.00 2.23 1.12 0.77 1 S of SZ 124.03 134.60 10.57 5.29 0.22 13 S of SZ 141.24 144.25 3.01 1.51 0.16 12 S of SZ 169.20 173.94 4.74 2.37 0.54 33 S of SZ 247.30 259.82 12.52 6.26 0.12 7 S of SZ 285.00 291.34 6.34 3.17 0.16 26 S of SZ 362.33 367.09 4.76 2.38 0.18 86 SZA 373.00 379.00 6.00 3.00 0.12 6 SZA 422.00 432.00 10.00 5.75 0.15 14 SZ 484.50 495.00 10.50 6.03 0.12 136 SZ2 587.67 598.70 11.03 6.34 0.17 140 MZ AG08-12 68.23 69.45 1.22 0.61 0.15 4 441.08 442.55 1.47 0.74 0.92 5 AG08-14 127.80 130.55 2.75 1.38 0.51 116 SMZ 146.18 149.42 3.42 1.71 1.71 469 MZ incl: 146.18 146.69 0.51 0.26 9.95 2520 MZ 151.00 152.00 1.00 0.50 1.02 51 MZ AG08-15 nsa AG08-17 145.55 145.95 0.40 0.19 12.45 9 SZ2 ? 199.86 208.70 8.84 4.13 0.20 119 MZ 213.90 216.00 2.10 0.98 0.16 30 227.00 228.00 1.00 0.47 0.36 15 235.72 239.40 3.68 1.72 0.15 30 AG08-21 64.50 67.50 3.00 1.50 0.21 138 101.40 103.00 1.60 0.80 0.25 56 SZ? 164.50 167.00 2.50 1.25 0.22 68 200.30 202.50 2.20 1.10 1.96 16 234.68 236.00 1.32 0.66 3.22 5 MZ? 237.56 241.00 3.44 1.77 1.04 17 MZ? AG08-22 49.00 51.00 2.00 0.93 0.33 38 AG08-23 250.00 256.00 6.00 3.45 0.17 2 269.80 275.00 5.20 2.99 0.18 2
nsa: no significant assays
Note: MZ(equal sign) Main Zone, SZ(equal sign) South Zone, SMZ(equal sign) South Main Zone, SZ2(equal sign)South Zone 2
Molybdenum: 1 lb/ton equals 454 ppm Gold Cut Off: 0.1 g/t
Logging of Osprey drill core is now complete; and sampling will be completed within the next week.
Historical drill data have been digitized and is being combined with Augen Gold's data in a unified database ready for computer modeling, which will be undertaken to optimize the next phase of drilling at the Jerome Mine site.
Augen Gold is encouraged by the size of the mineralizing system demonstrated by the extent of the strong alteration zones encountered. This confirms that the right geological ingredients are present at Jerome and, by inference, along strike where the same geological framework has been mapped. Prospecting of these areas is scheduled to begin in mid-July.
Sample Processing
All core was photographed, measured and logged geologically and geophysically. Alteration zones and significant quartz veins or sulphide-bearing intervals were marked for sampling and sawn in half. Standards and blank samples were inserted at regular intervals. Half of the sawn core was retained and half was taken directly by Augen Gold personnel to ALS Chemex's preparation laboratory in Timmins. There, it was crushed and pulverized and pulps forwarded to Chemex's analytical laboratories for gold assay and multi-element trace geochemical analysis. Random samples were riffle split after crushing and each pulverized split was analyzed. Gold was determined by fire assay AAS on 30 gram charges. Samples reporting more than 10 g/t Au were re-analyzed by the Fire Assay-gravimetric method to produce the reported values, also using 30 gram charges. Trace elements were determined using a four-acid 'Total digestion' followed by ICP. All core is stored in core racks at the Jerome Mine site.
The estimated true widths of the vertically dipping mineralized zones were estimated to be between 70% and 30% of the core length, according to the inclination of the drill hole. Composited grades have been calculated using a cut-off of 0.1 g/t Au. Sample lengths are 1.5 m or less. Grades have not been capped.
About Augen Gold
Augen Gold Corp. is a gold exploration company with 24,042 hectares of mining claims over a 45 kilometre length located in Swayze Greenstone Belt, including the formerly producing Jerome gold mine and directly adjacent to the Young Shannon gold deposit. The Company's objective is to aggressively explore the Jerome Mine in order to determine the gold potential along strike on the contiguous mining claims, and to continue to expand its property portfolio with highly prospective mineral assets.
The information contained in this news release has been prepared by Augen Gold's Senior Vice-President, Exploration, Christopher Marmont, P.Geo., who is the qualified person for the Company's Jerome Project under the definitions established by National Instrument 43-101. The diamond drilling program was conducted under direct supervision of Mr. Marmont
Please refer to Augen Gold's web-site for maps, photographs, geological details and additional information.