-- Posted Thursday, 8 September 2011 | | Disqus
Vancouver, BC: Galore Resources Inc. (GRI-TSX-V, GALOF.PK) announces additional gold results from a systematic trenching program at its El Álamo project in Zacatecas State, Mexico. Six of the previously announced trenches, which ended in gold-bearing mineralization, were extended by a total of 212 metres. The best results included 12 meters of 0.96 g/t gold, adding to more significant intervals in the main trenches. All material results to-date are detailed in the table and extension of trenches map below. The El Álamo claim was acquired by Galore through a Mexico government lottery and is 100% owned by Galore and is part of the Company’s 15,960 hectares in the Mazapil – Camino Rojo trend of the Concepcion del Oro mining district.
The new results determined that the area of potentially economic gold values has been expanded. Additional geologic mapping supports this expansion and has delineated part of the gold mineralization’s surface outline. It is now interpreted that the main area of gold mineralization at El Álamo measures over 500 metres long and up to 110 metres wide. The mineralization remains open at depth and in at least two directions.
Galore has received fire assays from 15 trench samples that have resulted in 10% to 30% higher gold values than those previously reported, which were analyzed with a multi-element analyses. For gold, fire assays are considered to be the industry standard and provide more accurate results that are above trace anomaly levels. Galore is currently resampling the most promising trenches with fire assays to determine if these higher gold values are consistent throughout the main trenches. Results will be announced when received.
Mapping of jasper outcrops and iron oxides along with structural geology indicates that mineralization coincides with a belt of folded limestone host rocks that seem to be influenced by a northeasterly fault inferred on the map below. Previously this was recognized to most likely be the western extension of the San Jose zone 850 metres to the east. Both areas are anomalous in pathfinder elements, common to the upper vertical levels of hydrothermal gold systems.
The gold-bearing envelope in the illustration below is projected from trench assays and alteration mapping. The dip and shape of the deposit beneath the surface cannot be determined at this time. The surface sampling does not represent true widths and it is noted that the previous GPS location of trench two has been corrected.
Significant interval summaries from all trench assays:
- High-grade values included without cutting.
- Averages may differ slightly from prior reports due to interval selection criteria.
Galore is finalizing the current exploration phase with more fire assays on trench samples as well as pit samples on bedrock in selected locations. Drilling and exploration plans are being finalized and will be announced as soon as a contractor is secured.
Acme Analytical Laboratories in Vancouver has reported assays in ppb for each 2m trench sample; in this News Release the assays are calculated to be presented in grams of gold per tonne - gAu/t, average grades and widths are composited for the more significant runs and the individual sample intervals are colored by grade ranges.
All assays were by ICP analyses on aqua-regia digestions of 30 gram pulps prepared by Acme’s facilities from whole rock samples. Analyses of pulp standards, blanks, and duplicates showed no systematic errors, but as reported above, fire assays to date show higher values in general Galore’s QA/QC protocol includes certified fire assays to be run by a second Canadian laboratory for all intervals with significant gold values.
The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, as Galore's Vice-President of Exploration for Mexico. Galore Resources has recently appointed Terry Brown as Vice-President Exploration, he is a Qualified Person as defined by NI 43-101 and has approved this News Release.
Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia.
“Michael W. Byrne”
President
For progress updates and queries on Galore Resources Inc. (TSX.V -GRI) please contact:
Erica C Bearss, MBA
Vice President Corporate Communications
Email: ebearss@galoreresources.com
Tel.: 604-647-2298
Toll Free: 1-877-647-2298
Skype: 1-206-388-2423
Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-- Posted Thursday, 8 September 2011 | Digg This Article
| Source: GoldSeek.com
