Central Discovers New Gold Showing at TAC Property Samples up to 3.9 Grams per Tonne Gold
16 9월 2011 - 5:50AM
Marketwired Canada
Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to provide results from exploration of the TAC property, Yukon. A four
day reconnaissance exploration program was conducted with a three man crew.
Exploration work was focused on assessing the nature and extent of the known
gold mineralization at the Rhyolite Zone and following up an anomalous rock
sample collected last year which has led to the discovery of a new gold
mineralized showing.
No Name Creek Zone
While following up an anomalous gold result from last year, a new mineralized
zone was discovered. The No Name Creek Zone is characterized by moderately
altered and silicified granodiorite in close proximity to a quartz-feldspar
porphyry. Nine grab samples were collected from an area of about 200 metres by
200 metres. Of the nine samples collected, five samples exceeded 100 ppb gold,
two samples exceeded 500 ppb gold and one sample exceeded 1,000 ppb gold. The
highest value obtained was 3,887 ppb (3.9 grams per tonne) gold. See Table 1 for
the significant results.
Rhyolite Zone
A total of 21 samples were collected from the Rhyolite Zone and the area
immediately surrounding it. Of the 21 samples collected, 13 samples exceeded 50
ppb gold, 12 samples exceeded 100 ppb gold and four samples exceeded 500 ppb
gold. The highest value obtained was 1,099 ppb (1.1 grams per tonne) gold. See
Table 1 for the significant results.
Previous work has shown that the Rhyolite Zone is characterized by a large
gossanous (iron-oxide stained) quartz-sericite alteration zone measuring 500 by
800 metres, hosted by rhyolite tuffs. Within this area, a 180 metre wide body of
sheared and silicified rhyolite, exposed in a creek drainage, has returned
multiple grab samples consistently running 500 to 1,500 ppb gold (see news
release dated March 30, 2011). Results from the current sampling program show
that mineralization extends in to the surrounding granodiorite. Elsewhere on the
property, historic samples of quartz vein-breccia float returned values as high
as 8,400 ppb (8.4 g/t) gold and 108 g/t (3.5 opt ) silver. The outcrop source of
these mineralized samples has yet to be identified. Central is encouraged by the
geological setting of the TAC claims and the tenor of gold mineralization found
to date.
Table 1: Significant results
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Showing Sample UTM UTM Sample Sample Lithology Gold As Bi
East North Type Width (ppb) (ppb) (ppm)
(m)
---------------------------------------------------------------------------
No Name 578004 472829 6690992 Outcrop Grano- 108 7.60 0.05
Creek Grab diorite
---------------------------------------------------------------------------
No Name 579858 472904 6691008 Outcrop Quartz- 197 5.20 0.20
Creek Grab feldspar
porphyry
---------------------------------------------------------------------------
No Name 579859 472904 6691008 Outcrop Grano- 3887 19.20 0.05
Creek Grab diorite
---------------------------------------------------------------------------
No Name 579860 472901 6690988 Outcrop Quartz 657 26.50 0.20
Creek Grab
---------------------------------------------------------------------------
No Name 579861 472884 6690902 Outcrop Qtz- 257 16.70 0.70
Creek Grab pyrite
shear
zone
---------------------------------------------------------------------------
Rhyolite 578007 471075 6692032 Outcrop 0.50 Grano- 814 2729.70 0.10
Chip diorite
---------------------------------------------------------------------------
Rhyolite 578009 470971 6692039 Outcrop Rhyolite 312 1070.80 0.20
Grab
---------------------------------------------------------------------------
Rhyolite 578010 470974 6692064 Outcrop 1.00 Rhyolite 1099 4053.30 0.10
Chip
---------------------------------------------------------------------------
Rhyolite 579852 471185 6692134 Float Rhyolite 682 181.40 7.40
Grab
---------------------------------------------------------------------------
Rhyolite 579866 471003 6692005 Float Quartz 227 643.20 0.10
Grab
---------------------------------------------------------------------------
Rhyolite 579867 470981 6692004 Outcrop 0.60 Rhyolite 212 3841.60 0.20
Chip
---------------------------------------------------------------------------
Rhyolite 579868 470981 6692004 Outcrop 2.50 Rhyolite 470 3900.30 0.40
Chip
---------------------------------------------------------------------------
Rhyolite 579869 470981 6692004 Outcrop 4.00 Rhyolite 312 1258.60 0.30
Chip
---------------------------------------------------------------------------
Rhyolite 579870 470935 6692111 Outcrop 4.50 Rhyolite 205 1712.60 0.05
Chip
---------------------------------------------------------------------------
Rhyolite 579871 470935 6692111 Outcrop 6.50 Rhyolite 425 1597.50 0.05
Chip
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Rhyolite 579873 471045 6692193 Float Rhyolite 433 1252.40 0.20
Grab
---------------------------------------------------------------------------
Rhyolite 579874 471050 6692200 Outcrop Brecciated 777 157.10 0.05
Grab phyllite
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Field work was supervised by Paul Reynolds, P.Geo., President of Central
Resources Corp., a Qualified Person under the definition of National Instrument
43-101. Mr. Reynolds is responsible for all aspects of the work including the
quality control/quality assurance program. On-site personnel at the project
collect and track samples which are then sealed and shipped to Acme Analytical
Laboratories Ltd., in Vancouver. Acme's quality control system complies with the
requirements for the international standards ISO 9001:2008. Analytical accuracy
and precision are monitored at the laboratory by the analysis of reagent blanks,
reference material and replicate samples.
Paul Reynolds, P. Geo., President of Central and a qualified person as defined
by National Instrument 43-101 managed the exploration program and has reviewed
and approved the technical disclosure made in this press release.
About Central Resources
Central Resources Corp. is a junior exploration company created to leverage the
extensive knowledge and experience of a dedicated group of financial and
resource industry professionals. The Company has acquired options on several
highly prospective mineral properties in the Yukon and British Columbia and
continues to pursue additional opportunities to build shareholder value.
This news release contains forward-looking information, which involves known and
unknown risks, uncertainties and other factors that may cause actual events to
differ materially from current expectation. Important factors - including the
availability of funds, the results of financing efforts, the results of
exploration activities -- that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's documents filed
from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of
the date of this press release. The company disclaims any intention or
obligation, except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
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