Rapier Gold Inc. (TSXV:RPR) announced two additional assay results from grab samples taken from a large outcrop located at the Talc mine area at its Pen gold project.
Rapier Gold Inc. (TSXV:RPR) announced two additional assay results from grab samples taken from a large outcrop located at the Talc mine area at its Pen gold project. The Pen gold project is comprised of about 16,400 hectares located southwest of Timmins, Ontario.
As quoted in the press release:
- Imerys, the operator of the talc mine, recently pre-stripped an outcrop exposure between the mill and the talc mine pit (“Fox Outcrop”). The Fox Outcrop is a previously known occurrence of an intensely carbonatized ultramafic rock typically associated with gold deposits in the Porcupine Gold Camp (“Carb Rock”) which is cross-cut extensively by numerous quartz vein sets. This additional exposure has revealed more quartz veining than expected and sulphide mineralization has been observed.
- The Company mapped the Fox Outcrop and took 51 grab samples, with the four most significant being: sample 1027188 with 20.7 g/t, sample 1027199 with 5.95 g/t and the previously announced, sample 1027160 with 13.6 g/tand sample 1027166 with 7.13 g/t. Refer to Appendix A.
- Samples 1027188 and 1027199 are more than 8 m west of sample 1027160, which occurs above the high grade intersection in drill holePG13-108 with 13.0 g/t gold over 4.3 m (“New Vein Zone”) at a vertical depth of 150 m. This new zone appears to be the up-dip projection of the New Vein Zone, based on the limited geological information currently available. The zone occurs in tourmaline-bearing quartz veining in the contact between talc carbonate and Carb rock. Sample 1027166 with 7.13 g/t is more than 50 m northeast of this new zone and may be indicative of a second sub-parallel zone of mineralization currently not observed in drill core of PG13-108. These two zones are both east-west trending shear zones with veins which can be gold bearing at the contacts. The veins are north-south trending extensional veins which become sigmoidal with increasing shear development.
- The Company is planning up to five diamond drill holes, approximately 1,500 m in total, to test for strike and dip continuity of the hypothesized sub-vertical vein/vein set.
- We anticipate the Fox Outcrop will be drilled and blasted this week as part of Imerys’ mine plan to expand their open pit. The blast holes for this talc “waste” will be assayed prior to the area being mined, and all material will be stockpiled for further sampling by the Company. Imerys retains all talc mineral rights while the Company owns the gold rights. Refer to Appendix B & C.