Medtech this:NEWS of IMPORT 17 Nov:(IMHO)What we are in - 10 LIMESTONE with an OLD period of Time Eon; and what we are NOT at Birch Moutain; 2)- Low Tonnage of LOW LOW grams at just the 0.062 GRAMS PER TON AU(GOLD). We are a new gold mine, we are explorred and we await the testings. We saw much more than 0.62 Grams or TWO THIRDS of a < ONE - the Old Majic Number of days gone by> GRAM ! IMHO, we are explorred to the hilt. We have the LIMESTONEs and we have MINERALS in the NON OXIDE complexity that is being understood at SURFACE - not hundreds of feet down.
golcondaresources.com
GOLCONDA RESOURCES LTD.
Suite 620, 304 - 8th Avenue S.W.
Calgary, Alberta T2P 1C2
Phone: (403) 232-6828
Fax: (403) 232-8650
E-mail: golconda@cadvisin.com
golcondaresources.com
November 17, 1999
NEWS RELEASE
Geochemical survey outlines Carlin-type gold mineralization at Ralston - Valley, Nevada
At Golconda's Ralston Valley prospect at Tonopah, Nevada extensive drilling on the neighboring property uncovered a zone of Carlin - type gold mineralization that can be followed in a Paleozoic limestone/shale sequence for about 2.5 km (1.5 miles). About 100 holes were drilled there with the highest grade intercept assaying 6.98 oz gold/ton over a 10 ft. interval, but no economic ore body could ever be defined.
Golconda Resources believes that this zone continues under the sand and gravel cover of the valley and has staked claims to cover this area which has never been drilled.
In order to evaluate this area, Golconda has used a new innovative technology "SMX Surface Geochemistry" which recently had been developed by Dr. T. Barringer, who amongst other technologies developed the highly successful "Input airborne EM System" that has discovered tens of billions of dollars in ore reserves in over 25 commercial deposits.
( Chucka Adds- may - repeat may BE like Maxam Golds' Use of Mobile Metal Ions Tech as per Jim Fink at :
mmigeochem.com and hydrogeophysics.com but IMHO ending here; yet, everyone see the Import of relating the Carlin Trend to the Bitumont Basin at Birch Mountains' Fort McMurray Claims and Permits???)
For almost four years Dr. Barringer worked with a major international mining company to develop this geochemical technology through which it is possible to detect the geochemical signature of concealed mineralization through hundreds of feet of overburden such as sand and gravel.
Most of the test areas to develop this system were in Nevada where known gold mineralization was concealed under 40 to 150 ft of overburden. Some of these areas were situated in the Tonopah area, where Golconda's projects are located.
This technique was able to generate from surface samples a picture of mineralization at depth including gold and a number of pathfinder elements such as silver, arsenic cadmium and base metals. These samples were located vertically above the mineralized zones which gives Golconda direct targets to drill.
Golconda has run sampling profiles across this projected zone (Geochemical data can be viewed on Golconda's website). The geochemical values clearly indicate three parallel mineralized structures which are outlined through an overburden cover which is estimated to be up to 120 ft. thick. The anomalies are due to underlying mineralization with a Carlin - type signature.
Golconda plans to initiate immediately a drill program to test these anomalies.
Drilling is also planned for the South Monitor Project, Nevada another release will be forthcoming as soon as the drilling plans are finalized.
On behalf of Golconda Resources Ltd.
Guenter J. Liedtke
President
golcondaresources.com
explores for
gold and silver mineralization in south western Nevada.
There are conceptually three types of potential ore bodies occurring in the area of Golconda's regional exploration, all of which have the potential for world class deposits.
The three types are:
A.
Round Mountain type mineralization in tertiary tuff. Round Mountain lies in the northern part of the area and contains about twelve million ounces of gold in potassic altered volcanics.
B.
Carlin type deposits in the Paleozoic limestone and shale sequences underlying the tertiary volcanics. Carlin type deposits, which are mined by Newmont and Barrick in northern Nevada, can be very large, high grade ore bodies in limestone. The largest one on the Carlin trend contains more than twenty million ounces of gold. This type of high grade gold has been mined in the northern part of the area in the Manhattan district, it occurs underneath the Round Mountain ore body, although it has not been explored there in detail yet and it was encountered in drilling by Kennecott several years ago at their Midway project where the best intercept was 32 ounces of gold per ton. High grade gold also occurs in limestone directly to the north of Golconda Resources Ltd's Ralston Valley Project where values of up to 4 ounces of gold per ton have been encountered in drilling and surface samples.
C.Porphyry gold deposits at depth. Gravity highs in the region are aligned along a N45W trend (Walker- Lane trend). They are thought to be caused be domal up lifts due to granitic intrusions, which is also very similar to the Carlin trend. In fact, two of the gravity anomalies, which are aligned on the same structure as the Monitor Hills anomaly, are known porphyry intrusions. To the north the Hall Mine is a moly-porphyry and to the south the Gold-Reef gold mineralization, which is now in the Nuclear Test Range and not accessible, occurs in granodiorite. A porphyry is also suspected by many geologists to be responsible for the gold mineralization at Round Mountain, Goldfield and Ellendale.
Our South Monitor Prospect (60% Golconda, 20% Nassau, 20% Cornucopia) is the most advanced. Five major companies have worked on the property before us. Nearly all of their work was confined to the low hills at the end of the Monitor Mountain range, where widespread but erratic gold-silver mineralization in the south zone and Golconda discovered two other zones with gold-silver mineralization in the flats adjoining the hills. Blind mineralization means that the gold-silver mineralization starts at depth and the overlying rock contains no gold values. The mineralization is covered by a thick clay blanket and therefore it forms the flat, low-lying areas.
It was Golconda's discovery that consistent and contiguous gold-silver mineralization occurs in the flats under the thick clay blanket, while the mineralization in the hills is erratic. This discovery changed the economic potential of the property.
The gold-silver mineralization has been followed to a depth of 620 feet, where it is still oxidized. We have not yet reached the underlying limestone, which we estimate to occur at a depth of one thousand to twelve hundred feet.
Several years ago, Kennecott was working 18 miles to the northwest on the same structure where they outlined gold-silver mineralization in the same tertiary volcanics and intersected high grade gold in the underlying limestone. Their best result is reported to have been 32 ounces of gold over a four-foot sample interval.
The alteration at South Monitor is larger and stronger than the one at Round Mountain and the amount of gold occurring in three distinct areas at South Monitor over a distance of 2 miles, gives the property an excellent potential to contain a large high grade gold deposit in the underlying limestone.
Although the gold-silver values only occur at a certain depth below the surface, typical alteration patterns and traces of specific other metals can be found in the rocks directly overlying the gold-silver zones.
Once recognized, Golconda used this surface expression to look for other areas of potential blind gold-silver mineralization in the district. Golconda is now 100% owner of five other properties in the areas which show great similarities to the mineralization zones of the South Monitor prospect.
golcondaresources.com
SOUTH MONITOR PROJECT-NEVADA
Golconda controls two (2) properties in the Tonopah area of Nevada which have the potential to contain sediment hosted gold deposits (Carlin type) in a Paleozoic limestone sequence. All properties occur at flanks of gravimetric highs which are thought to be due to deep-seated intrusives, which are the cause of the domed structures of paleozoic limestone (windows) recognized.
The altered areas these properties show the geochemical signatures and the altered intrusive dikes which are typical for Carlin type mineralization.
(click to enlarge)
(see drilling results in table bellow)
Two of the areas with a grade of about 0.020 oz Au/ton (Added: coverts with ChuckaDecimals as 0.62 Grams at 31 grams to the Ounce- End Adding.) have a potential resource of 500,000 ounces or more. This mineralization in the tuff is thought to be leakage from a potential Carlin type deposit in the Paleozoic limestone at depth. It is estimated that the limestone is at a depth of about twelve hundred (1200) feet and could host the majority of the gold.
Now relate Oil In Area od SASH to east of fort McMurray and Ponder ( I see a direct OPPOSITE to Birch Mountain Low Temperature Formmations but also see Oil Fields that MAY have LEAKED or Failed is another word.):
golcondaresources.com
ENNIS LAKE - SASKATCHEWAN - 3220 ha. (8050 ac.)
To date Golconda Resources has drilled four holes on its Ennis Lake prospect in Central Saskatchewan. Hole number five was stopped at 90 m (300 ft.) by the company until a private placement could be registered and completed.
The initial four holes have shown an anomaly that is far bigger than originally expected. These holes show a large hematite/magnetite iron formation. The magnetite zone has an average content of 33.5 % iron, and has the potential to extend to great depth and contain several hundred million tons of ore.
However, the object of the drill program is to discover gold-silver or base metal mineralization and perhaps an Olympic Dam type deposit. Of special interest is the source of gold found in 1957 three kilometers to the Northwest where a 6.5 m (21 ft.) thick gravel layer assayed 0.250 ounces of gold per ton. Golconda believes its anomaly to be the most likely source of this gold.
Since gold and precious metals values occur at the outer limits of this type of deposit, hole number five was started 1500 feet from the early holes. Expectations are that hole number five will penetrate completely the iron formation, discover increased alteration and perhaps outline the sources of the gold found in the old drill hole. In hole number four, which was drill 300 m (900 ft.) to the west of the first holes, a strong increase in alteration consisting of quartz, sulfide and baritic veining was observed. Results received last week shows in the altered zones a strong correlation of high barite and high niobium and rare earths. This points to a high temperature hydrothermal system which might indicate Carbonatite or Olympic Dam Type mineralization.
Hole number From (ft) To (ft) Intersect (ft) Grade oz/t gold oz/t Silver
Chucka10%ofthefeetdown and10foldeverythingelse, maybe basis. GO BMD/BHMNF |
