Owner
Post by Franko10 ™ on Nov 3, 2004 16:02:03 GMT -5
NEWS RELEASE
CHUCKWALLA CHIP SAMPLES SHOW POTENTIAL
Gary Billingsley, President, is pleased to report that recent chip samples taken at the Company's 100%-owned Chuckwalla copper/gold property in California , confirm the potential of the property to host a high-grade base and precious metal deposit.
The last sampling on the property was carried out in 1991 by Santa Fe Pacific Gold Corp. and consisted of extensive surface sampling leading to the definition of two target areas for further exploration and drilling. The “North Fanglomerate Block A” target was described by Santa Fe as having a tonnage potential of 20 million tons grading 3.7% copper using a 0.5% cutoff and the “South Andesite Block B” was presented as having a tonnage potential of 6 million tons with the same grade as Block A. In addition to high-grade copper the target blocks also contain high-grade gold values which Santa Fe noted but did not quantify in terms of an average for the two target blocks. The highest gold assay reported by Santa Fe was 0.96 ounces per ton and 26% of their initial chip sampling program over the property averaged 0.19 ounces per ton gold. Santa Fe completed a Plan of Operations to permit an extensive drill program, but the program was never carried out, reportedly due to the takeover discussions in progress with Newmont Mining.
Five chip samples were taken by qualified Company personnel in August 2004 from some of the existing pits and trenches with the following assay results:
The Company acknowledges the preliminary nature of these samples as far as concluding anything about project economics, but they do indicate the potential of the Santa Fe target areas to host high-grade copper mineralization with significant gold and silver credits.
Petrographic work is currently underway to identify the ore and alteration minerals which appear to be carbonates and oxides rather than sulphides.
A work program of detailed mapping, ground geophysical and geochemical surveys, and detailed sampling of the existing outcrops, pits and trenches is being finalized and will commence in due course.
Gary L. Billingsley, C.A., P.Eng., P.Geo.
President
For further information contact the Company at (306) 668-0701. All email inquiries should be made to info@gwmg.ca (website: http://www.gwmg.ca) Direct mail: Great Western Mi
CHUCKWALLA CHIP SAMPLES SHOW POTENTIAL
Gary Billingsley, President, is pleased to report that recent chip samples taken at the Company's 100%-owned Chuckwalla copper/gold property in California , confirm the potential of the property to host a high-grade base and precious metal deposit.
The last sampling on the property was carried out in 1991 by Santa Fe Pacific Gold Corp. and consisted of extensive surface sampling leading to the definition of two target areas for further exploration and drilling. The “North Fanglomerate Block A” target was described by Santa Fe as having a tonnage potential of 20 million tons grading 3.7% copper using a 0.5% cutoff and the “South Andesite Block B” was presented as having a tonnage potential of 6 million tons with the same grade as Block A. In addition to high-grade copper the target blocks also contain high-grade gold values which Santa Fe noted but did not quantify in terms of an average for the two target blocks. The highest gold assay reported by Santa Fe was 0.96 ounces per ton and 26% of their initial chip sampling program over the property averaged 0.19 ounces per ton gold. Santa Fe completed a Plan of Operations to permit an extensive drill program, but the program was never carried out, reportedly due to the takeover discussions in progress with Newmont Mining.
Five chip samples were taken by qualified Company personnel in August 2004 from some of the existing pits and trenches with the following assay results:
The Company acknowledges the preliminary nature of these samples as far as concluding anything about project economics, but they do indicate the potential of the Santa Fe target areas to host high-grade copper mineralization with significant gold and silver credits.
Petrographic work is currently underway to identify the ore and alteration minerals which appear to be carbonates and oxides rather than sulphides.
A work program of detailed mapping, ground geophysical and geochemical surveys, and detailed sampling of the existing outcrops, pits and trenches is being finalized and will commence in due course.
Gary L. Billingsley, C.A., P.Eng., P.Geo.
President
For further information contact the Company at (306) 668-0701. All email inquiries should be made to info@gwmg.ca (website: http://www.gwmg.ca) Direct mail: Great Western Mi
