News Release
Mongolian drilling begins
Java Gold Corp JVAG
Shares issued 28,994,483 Jul 24 close $0.11
Mon 27 Jul 98 News Release
Mr. Armand Beaudoin reports
The company's field crews in Northeastern Mongolia are currently carrying
out a program of surface prospecting, sampling, geological mapping and
evaluation of Java's seven exploration licences in this part of Mongolia.
The work began approximately two months ago, at the start of this year's
summer field season, and is a continuation of last year's initial
reconnaissance and exploration. The seven exploration licences are all in
the highly prospective Northeastern metallogenic belt of Mongolia, where
Java's field crews have also been examining, sampling and evaluating a
number of gold occurrences outside its existing exploration licences.
Early Drilling at Tsagaan Chuluut II
Preliminary results from one of Java's prospects within the seven licences
in Northeastern Mongolia, the Tsagaan Chuluut II prospect on the Dashbalbar
licence, are sufficiently encouraging to warrant early drilling. A diamond
drill has been mobilized to site and is expected to begin an initial two
hole drill program almost immediately.
1997 Exploration at Tsagaan Chuluut II
Work on the Tsagaan Chuluut II prospect began in 1997. Significant gold
values were returned from soil sampling and rockchip sampling from an
approximately 700 x 300 metre area containing epithermal quartz veins,
veinlets and silicified breccias within variably silicified and brecciated
metasediments. Two trenches, oriented approximately north-south, were
excavated in 1997 across the centre of this prospect. The westernmost
trench, 1-97, outlined a 16m wide zone of altered slates, at the north
margin of the 700 x 300 metre prospect area, assaying 2.27 g/t Au. Assay
results from trench 2-97, approximately 100m to the east of trench 1-97,
included an interval of silicified breccia assaying 2.07 g/t Au over 3m.
1998 Exploration at Tsagaan Chuluut II
Continued exploration on the Tsagaan Chuluut II prospect so far in 1998 has
included more rockchip sampling, test pitting, and additional north-south
trenching. The most encouraging results have again come from the north
margin of the prospect area, in the vicinity of trench 1-97:
Trench 4-98, 120m west of trench 1-97, returned assays including 0.67 g/t
Au over 4m and 0.48 g/t Au over 5m in silicified slates at the north margin
of the prospect area, directly along strike from the mineralized interval
in trench 1-97.
Grab samples at 2m intervals, taken along an approximately north-south line
between the mineralized portions of trenches 1-97 and 4-98, returned assays
averaging 2.15 g/t Au over a total of 28m.
In addition, significant widths of anomalous gold values have been located
in trenches excavated at either end of the known 700m long prospect area.
Trench 1-98, to the west, returned 0.31 g/t Au in graphitic slates over 16m
while trench 3-98, to the east, returned 0.18 g/t Au over 40m. Anomalous
arsenic, mercury, bismuth and silver values have been returned from rock
samples taken from within the prospect area. Java is awaiting additional
assay results from its current work.
Java believes the main control for gold mineralization at the Tsagaan
Chuluut II prospect is a series of east-west trending faults along its
north margin. The host slates in this zone are pervasively silicified, and
associated epithermal breccias are localized on and to the south of this
zone. |
