Blue Desert acquires Mojave property in Pogo area, Alaska
Blue Desert Mining Inc BDE
Shares issued 8,842,565 May 7 close $0.15
Tue 11 May 99 News Release
Mr. Brian Fairbank reports
Blue Desert Mining Inc. has acquired the Mojave property encompassing 16.5
square miles (10,560 acres) of prospective land immediately south of Blue
Desert's Gobi joint venture with Camflo Resources and six miles southwest
of the Pogo deposit, Alaska. Teck Corp. has recently started underground
development at Pogo which has a geological resource of 9.98 million tons
grading 0.52 ounces per ton or 5.2 million ounces of contained gold.
The Mojave property covers a cretaceous intrusive complex and gneissic rocks
that belong to the same geologic unit that hosts the Pogo deposit. The
cretaceous intrusive complex and a NW-SE trending belt of magnetic lows
mapped on the Mojave property mirror the intrusive complex and a parallel
band of magnetic lows associated with the Pogo gold mineralization. The
"Gobi" fault on the north, and the "Sonora" fault on the south, bracket the
gold-bearing outcrops on the Pogo property, thus, the eight-mile wide
corridor formed by these NE-SW trending faults is targeted for exploration
on the Mojave property.
In all, Blue Desert has a 100 per cent interest in four properties in the
Pogo district:
Project Features
--------- ---------
Gobi Contiguous with Pogo;
(16,640 partially surrounds Piglet
acres) property of Sumitomo; Gold
and quartz veins are known
to occur on the property.
Mojave Intrusive complex southwest
(10,560 of Pogo intrusive complex;
acres) Magnetic features similar to
Pogo; along NE-SW structural
trend.
Sahara Covers intrusive contact of
(11,200 Goodpaster Batholith and
acres) Paleozoic gneiss (gold
showings at Pogo occur
within a few miles of the
contract.
West Point Highly anomalous bismuth and
(18,000 tungsten in stream sediments
acres) indicate gold potential.
The Gobi property is optioned to Camflo Resources who plan to commence
exploration in late May. Several companies have expressed an interest in
the other properties.
|
