E79 Resources Corp. Nears Completion of In-Fill Soil Sampling Program over Gold-Arsenic-Antimony Anomaly At Its Victorian Goldfields Beaufort Property, Part-One
January 06, 2021 at 09:00 am EST
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E79 Resources Corp. reported on the analysis and follow-up program in relation to an orientation soil sampling program on its Beaufort tenement which was undertaken earlier in 2020, targeting a 2.5km segment of prospective ground between the Navarre Fault and a major regional fold hinge within its Beaufort tenement. The program was designed as an orientation survey to determine the suitability of soil sampling for drill target delineation along the remainder of the 20km structural target zone within the permit area. The survey established the effectiveness of soil sampling, delineated two trends of elevated gold, and identified a gold-arsenic-antimony (Au-As-Sb) geochemical association comparable to the signatures seen at Fosterville, Bendigo and other major gold camps in Victoria. The 2020 soil grid successfully demonstrated: A 2000m, long gold-arsenic-antimony trend paralleling the regional structural trend; A gold-arsenic-antimony geochemical fingerprint over the key structural trends, an element association that is the hallmark of several of the major gold districts in Victoria; The effectiveness of a 100m sampling grid of residual soil material in delineating kilometer scale anomalies; and Indication of the presence of a second gold trend along the NE trending secondary structure, with a strike length of around 600m. The Company is in-fill sampling key target areas, where elevated gold trends are accompanied by arsenic, and more importantly antimony levels, to advance them to drill ready status as soon as possible. The 2020 soil sampling program is documented in detail in the Company's 43-101 technical report, lodged on Sedar on October 26, 2020. The program consisted of 354 soil samples collected on a 100m x 100m grid spacing and was focused over the central part of the Camp Hill Range directly north of the township of Beaufort. Sampling targeted a 2.5km segment of prospective ground between the east dipping north-northwest trending Navarre Fault Zone and the subparallel, antiformal fold closure located in its hanging wall. An east-northeast-trending sub-vertical fault mapped by Cayley and McDonald (1995) intersects the main region trends. The survey area was also designed to stay within state forest, for which approval to conduct low-impact exploration activities had been granted, and to avoid mapped areas of alluvial sediment. The main soil types within the sample grid were therefore residual soils developed over the weathered bedrock. Importantly the target area lies within the postulated source region for the extensive alluvial gold workings that extend along the flanks of the 20km structural trend. The 354 soil samples were collected using a Dutch-style hand auger from various depths into clear C-horizon soils on top of the weathered bedrock. These samples were collected on a 100m by 100m spaced east-west and north-south orientated grid on which sample locations were offset by 50m on adjacent lines. The grid was designed to test both the regional northwest trend and the second order northeast-trending structures. Historic soil sampling and drilling on EL6454 were only conducted on small, disjointed areas and mostly on much larger grid spacings. Previous sampling lacked the resolution to define drill targets for structurally controlled high-grade gold systems. The soil samples were shipped to Lab West analytical laboratories in Western Australia. The laboratory separated the clay fraction of the soil samples and analyzed the gold content via an Aqua Regia digest and a range of multi elements including Gold, Arsenic, Antimony and Lead via an ICP-MS determination.
Serra Energy Metals Corp. is a Canada-based company, which is focused on the exploration and development of green metal projects, primarily in Brazil. The Companyâs main interest lies in the exploration of nickel, copper, cobalt, and lithium, with an emphasis on identifying and investigating exploration targets that are drill-ready and are situated near infrastructure. The Company operates in Brazil, a rising hub for green metals with numerous active copper, nickel, and lithium mines. Its Santa Luz Property comprises four mineral tenements covering approximately 8,000 hectares in Bahia state, Brazil. The tenements, which contain pegmatites, have the potential to host spodumene mineralization. The Santa Luz tenements are located approximately 20 kilometers (km) northwest of the city of Santa Luz and 273 km from the city of Salvador on the coast of Brazil. The property is also located 25 km southwest of Equinox Gold Corp.âs producing Santa Luz gold mine.
E79 Resources Corp. Nears Completion of In-Fill Soil Sampling Program over Gold-Arsenic-Antimony Anomaly At Its Victorian Goldfields Beaufort Property, Part-One