Massive Gold & Diamond Targets - In Congo Greenstone Belts
Starpoint Goldfields is pleased to provide an update on its northeast Congo gold and diamond properties.
Data in the January 12, 1998 Exploration Targets on the Tele, Panga and Ngayu West Concessions Report of Gordon Richards, P.Eng. on previous research has enabled identification of drill areas on five massive gold targets with several million ounces potential on at least two properties. The data also indicates a strong potential for profitable diamond mining on these properties.
"The Mambati Zone on the Ngayu West Concession has 161 identified quartz vein occurrences in test pits grading up to 59.0, 67.5 and 72.5 g/t gold with numerous small beds of iron formation over a 7 km length and 300 m average width within an eluvial gold reserve. The zone of eluvial mining with quartz veins and iron formation is parallel to a thick iron formation to the north and could be reflecting underlying stratabound or shear zone controlled mineralization of several million ounces of gold." The Babeyru-Marekesa Zone produced approximately 4,000 kg of alluvial gold. Hundreds of veins are recorded for these areas with widths up to 280 cm and grades ranging to 358 g/t from a 15 to 50 cm wide vein. Average of 16 previous samples from this location along the vein was 63 g/t gold.
The Kanwa-Sese Zone on the Tele Concession, defined by a zone of quartz veins, produced approximately 1,140 kg of alluvial and eluvial gold along mining pits 3 km wide by 15 km long and associated with structurally complicated iron formation and schists. Mineralization of several million ounces of gold reserve is also possible within this Zone. Nineteen areas are identified as locations for diamonds in Richards' report and previous data on diamond occurrences notes "reported diamond prospections refer to 'blue and yellow clay' bedrock, corresponding to the typical weathering pattern of kimberlites".
Starpoint's President Mr. F. R. Ilott, along with Gordon Richards who will head the exploration team, will leave for Kinshasa shortly. Ilott will establish an office in Kinshasa for Starpoint's subsidiary company, Starpoint Goldfields Congo. Richards will lead the team of geologists and technical personnel to the properties and provide detailed information for diamond drilling on the Mambati, followed as time permits by Imva, Babeyru-Marekesa, and Natge.
Starpoint believes that with on-site assessment there will be early confirmation of a world class major gold resource. Reports on the Company's progress will be issued on a regular basis.
ON BEHALF OF THE BOARD OF DIRECTORS
STARPOINT GOLDFIELDS INC.
F. R. Ilott
President.
The Vancouver Stock Exchange has neither approved nor disapproved of the contents herein. |
