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Goldstake Explorations Inc - News Release
Soreang check assay results
Goldstake Explorations Inc
GXP
Shares issued 15367410
1997-02-04 close $1.4
Wednesday Feb 5 1997
News Release
Mr Martin Jones reports
Ten independent check fire assays of previously reported drill results returned
grades of 34.00 g/t Au, 24.42 g/t Au and 7.1 g/t Au on previously reported
grades of 1.28 g/t, 1.6 g/t and 1.49 g/t respectively, for the same intersections on
DDH 9 (193-194m), DDH 11 (182-183m) and DDH 10 (25-26m).
The 10 check samples referred to were chosen by company field geologists who
had identified alteration and mineralization in the cores and were dissatisfied with
the grades first received. Seven of the 10 samples returned similar grades to the
first results.
At the suggestion of the TSE a 1 kg sample of each of DDH 9 (193-194m), DDH
10 (25-26m) and DDH 11 (182-183m) was sent to Lakefield Research, Ontario,
Canada. Each of these 1 kg samples (1,000 grams) was fire assayed 20 times
using 50 gram assays with the following results:
DDH 9 (193-194m) previously reported 1.6 g/t. Lakefield averaged over 20
assays 2.8 g/t including 5.87 g/t 5.29 g/t, 4.81 g/t and 4.43 g/t. First check assay
was 24.42 g/t.
DDH 10 (25-26m) previously reported 1.49 g/t. Lakefield averaged over 20
assays 1.25 g/t including 4.85 g/t 3.35 g/t 2.45 g/t. First check assay was 7.1 g/t.
DDH 11 (182-183m) previously reported 1.28 g/t. Lakefield averaged over 20
assays 1.4 g/t including 1.50 g/t, 1.43 g/t, 1.38 g/t and 1.36 g/t. First check assay
was 34.05 g/t.
Sample preparation specifications from Goldstake were not strictly adhered to by
the first lab, in that only 50% of the sample was ground to -200 mesh, which
could have compounded the coarse nugget effect variation in grades.
Further analysis will be done on the wider intersections of the alteration and
mineralized zones using a combination of gravity separation, bottle roll and residue
fire assays on previous and future drill core.
Goldstake's geologists identified a potentially much larger area of mineralization in
late 1996 and early results of a concentrated field program including aerial
photo/satellite interpretation, geological mapping, channel sampling of bedrock
exposed in trenches and soil sampling are encouraging.
In view of this, the company's focus has been concentrated on the entire caldera
structure with the purpose of identifying the type of structure and mineralization
described in the petrographic report prepared by Goldstake's consultants and
previously reported on December 31 1996. The alteration and veining in these
rocks in DDH 9 suggests that this area is on the distal portions of a porphyry
mineralization in an environment where outflow was occurring in a major conduit
on the flanks of a major centre of mineralization.
The above situations are typical of those often found in the outer phyllic/propylitic
zones of porphyry deposits where they often form a class of deposit, defined as
carbonate base metal deposits. Examples of these are Kelian and Busang in
Kalimantan, Indonesia and Porgera and Mt Kare in Papua, New Guinea.
Subsequent petrographic studies on DDH 10 and DDH 11 received in January
have the identical description as that of DDH 9.
Goldstake's various consultants, company geologists and senior management will
assemble in Indonesia in the third week of February, after the Ramadan holiday,
to assess the results of the past three month geological exploration effort and
identify drill targets.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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