Expedition Mining Inc.: 2012 Exploration Plans for Joy and Mt. Mervyn Properties
31 5월 2012 - 10:15PM
Marketwired Canada
Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") wishes to announce the
receipt of their Class 3 Exploration Permit, and that plans for the 2012 field
program on the Joy and Mt. Mervyn Projects have been finalized. Work will
commence once weather conditions permit. The properties are located between the
Kathleen Lakes Fault and the Dawson Thrust, along the Rackla Gold Belt in the
Yukon. The target is Carlin-type gold mineralization similar to that being
drilled by ATAC Resources and Strategic Metals on their adjoining properties.
The work program will focus on those portions of the properties that contained
multi-element geochemical anomalies, geophysical targets and prospective
geology. The geochemical anomalies are believed to be significant as they
include the important pathfinder elements of As, Sb, Hg and Tl, which have been
associated with gold mineralization at the Rau and Nadaleen trends of ATAC
Resources, and the Crag showings of Strategic Metals. The 2012 program will
concentrate on gaining a more complete understanding of the geology in the
anomalous areas through additional rock sampling, trenching, detail mapping and
ground geophysical surveys to define drill targets.
Regional mapping has shown the properties to be underlain by fault bounded
slices of limestones, clastic sedimentary units and ultramafic rocks. On the Joy
property these units appear to have a southerly dip which is significant as the
soil geochemical anomalies occur along the northern edge of the property.
Extensive, and locally intense, quartz-carbonate alteration is associated with
structural breaks in all of the rock types identified.
Prospecting has resulted in the discovery of two showings associated with the
lower contact of the ultramafic unit. These are located in the northwest corner
of the Joy property and were named the Virga and Kermoda showings. Silver,
lead-zinc mineralization is associated with quartz carbonate veining in these
rocks. The showings are also highly anomalous in As, Cd, Hg, Sb and Tl along
with elevated gold. Sampling of the ultramafic rocks indicates that they are
significantly depleted in all these elements. Rock sampling in the area of the
showings has exposed strong mineralization as shown in Table 1.
Table 1: Virga - Kermoda Rock Sample Results
---------------------------------------------------------------------------
Width Au Ag As Cd Hg Pb Sb Tl Zn
------------------------------------------------------------------
ppm ppm ppm ppm ppm ppm ppm ppm ppm
------------------------------------------------------------------
Sample
---------------------------------------------------------------------------
5267336 grab 0 5.11 3670 595.0 82.5 5.24% 89.5 0.61 8.51%
---------------------------------------------------------------------------
5267433 0.9m chip 0 0.03 1470 0.04 6.3 10.2 29.7 1.6 33
---------------------------------------------------------------------------
5267438 1.7m chip 0 0.02 324 0.03 7.04 17.6 13.5 0.42 23
---------------------------------------------------------------------------
5267439 1.0m chip 0 0.06 463 0.01 6.4 6.8 31.7 0.6 14.2
---------------------------------------------------------------------------
5267440 0.23m chip 0 0.03 402 0.02 8.78 5.7 24.3 0.39 3.8
---------------------------------------------------------------------------
5267445 0.6m chip 23 8.05 2390 365.0 50.0 4.00% 89.8 0.6 5.87%
---------------------------------------------------------------------------
5267447 1.2m chip 11 5.72 523 1.28 0.34 7220 9.74 0.07 121
---------------------------------------------------------------------------
5267448 0.5m chip 6 35.9 712 2.53 0.67 3.93% 38.1 0.07 145
---------------------------------------------------------------------------
5267449 2.1m chip 0 1.64 372 0.94 0.27 1480 5.39 0.05 124
---------------------------------------------------------------------------
5267450 1.1m chip 0 2.82 449 1.02 0.29 3330 9.71 0.18 175
---------------------------------------------------------------------------
5267451 0.5m chip 2 4.37 968 1.31 0.46 4610 16.3 0.08 110
---------------------------------------------------------------------------
5267457 0.8m chip 0 0.22 491 1.08 0.31 171 19.3 0.05 183
---------------------------------------------------------------------------
The mineralization identified to date is associated with extensive, and locally
intense, quartz-carbonate alteration zones. These zones show a strong
correlation to the east-west trending thrust slices of the Dawson Thrust,
particularly in the vicinity of cross-cutting northerly trending structures.
Geological and logistical support for the program is being provided by Aurora
Geosciences, who constructed a 15 man camp on the Mt. Mervyn property in 2011.
Mr. James Chapman, P.Geo., is the Qualified Person responsible for the design of
the program, and all exploration work on the Joy and Mt. Mervyn Properties will
be done under his supervision. Mr. Chapman has read and approved the technical
content of this news release.
Expedition Mining Inc. (TSX VENTURE:EXU) is a publicly held Canadian exploration
company focused on acquiring, exploring and developing gold properties located
in favourable geo-political climates. The company is led by a highly skilled,
experienced board and management team with significant successes in managing
early stage mineral exploration companies. For additional information concerning
Expedition Mining Inc. or its various exploration projects please visit
Expedition's website at www.expeditionmining.com.
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "can", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Expedition
Mining to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks related to the
exploration and potential development of any properties, the actual results of
current exploration activities, conclusions of economic evaluations, changes in
project parameters as plans continue to be refined, future prices of gold.
Although Expedition Mining has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Expedition Mining does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with applicable
securities laws.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
Expedition Mining Inc.
Standard & Poor's Listed
Issued Share Capital: 58,186,789
(TSXV:EXU)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
(TSXV:EXU)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024
