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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (33415)	2/21/2007 6:06:32 AM
From: E. Charters	Respond to of 78417

I presume this is the "one"... Gold Field’s TR-2 hole reported a 20’ section of a gold enriched zone from 70’ to 90’ having an average assay of 0.975 opt. and a second 10’ section from 105’ to 115’ having an average assay of .123 opt. Dr. Cam Cheriton, the company Qualified Person (Q.P.) for the property, reports that the Tamarack Property is underlain by late Precambrian skarned carbonate rocks which dip 30º to 40º northerly and are cut by steeply dipping northeasterly and westerly striking shear zones which are auriferous. Dr. Cheriton believes that the gold zones intersected by DDH 04-01 and the sections reported in Gold Field’s TR-2 hole are part of an enriched blanket. He recommends follow-up drilling to check for continuity and geometry. Norris Lab Inc. of Montana, USA completed the lab work which outlined the above results of DDH 04-01 drill core. Further assay samples are pending. The Tamarack Property was initially discovered in the 1860's and has been worked intermittently, both on surface and underground, up to the present time. The most dedicated undertaking of the property was carried out by Mr. Alexander Leggat, B.S., E.M., a professional mining engineer, from 1927 to 1937. During this period Leggat surveyed and assayed the past workings producing detail plans of the mine and geology. Due to the lack of proper financing he developed and ran the mine on a salvage type operation until he ran out of funds. In his final report dated March 30, 1937, he expressed his findings and conclusions of the ore occurrence and characteristics. Leggat described the occurrence in the Broadgauge ore body of the Tamarack Property, below and above the 406 drift, "having the gold mainly in the limestone above the hanging wall of a large body of intruded porphyry, and the porphyry seems to carry low values for a considerable thickness. The main ore body, however, being the limestone, in which occur irregular pipes, streaks and bunches of a white, siliceous material, rather porous, and not vein quartz but is usually very rich - samples having assayed as high as 27 opt. The gold occurs in the rock absolutely free and very pure." Millstream purchased an undivided 50.5% interest in the Tamarack, lode gold bearing, Property and its associated assets. The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential. ******************************** In 1991, Gold Fields Mining Corp., under option, in search of a potential open pit discovery, drilled 11 vertical reverse circulation holes on the Tamarack property. They reported results from the drilling and in their hole TR-2 gold assays of 0.244 ounces per ton (opt) over a 100 ft interval (see PR Oct. 06, 2004). More recently in the winter of 2004, Millstream drilled DDH04-01 35 feet southwest of TR-2, to test the horizons reported by Gold Fields in TR-2. Hole DDH04-01 was completed and compared to the Gold Fields assays of TR-2. Hole TR-2 reported a 20 ft. interval from 70 ft to 90 ft. having a weighted average grade of 0.97 opt, and hole DDH04-01 reported a 9 ft. interval from 102ft. to 111ft. having a weighted average grade of 0.36 opt. Dr. Cam Cheriton, the QP for the property during that time period, interpreted these stated gold intersections as being part of an enriched blanket (zone) and recommended follow-up drilling to extend the geometry and confirm continuity (see PR Dec. 14 & 20, 2004). *************************** I see the ore as limestone of Carlin type, having eyeballed the stuff in hand specimens, but not in the field. The Potter does underscore that they have mine potential in that area.. My idea that there may be larger potential in the Tamarack, Meshack, Abendigo, is partly supported by Cheriton's recent field observations. Perhaps the Goldfield work just drilled at one "theory".. and there is more there to find..