공시 • Mar 10
Trans Canada Gold Corp. Confirms the Existence of Historical High-Grade Nickel, Copper While Compiling Detailed Review of Historical Datasets from Falconbridge Nickel on the Dinorwic Gold Property Situated Near Dryden, Ontario
Trans Canada Gold Corp. announced that it has now confirmed the existence of historical high-grade nickel, copper while compiling a detailed review of historical datasets from Falconbridge Nickel on the Dinorwic Gold Property situated near Dryden, Ontario. The Company has performed a detailed dataset review of the high-grade nickel- copper showings. The Dinorwic Gold Property hosts a high-grade nickel-copper showings situated on the southern flank of the district scale property along with its gold showings. Due to the high nickel and copper prices being experienced in today's base metal markets, the company has reviewed the known zones of high-grade nickel (pentlandite) and copper (chalcopyrite) mineralization which occurs along a 3 km long shear zone that has received preliminary work. The property was previously under option by Falconbridge Nickel who carried out an extensive program of line cutting, magnetic surveys and HL-EM (horizontal loop electromagnetic). These surveys combined with more recent government surveys has allowed the Company to develop a number of high priority drill targets. The drill targets are traversed by a number of logging roads, cut across the claims providing excellent for mobilization of drill crews. Discovery of High-Grade Nickel-Copper: Nickel-copper mineralization was discovered in outcrop by a local prospector in 1997, who blasted a trench to allow fresh samples to be recovered. The property was optioned to Falconbridge Limited in 1998. Falconbridge reported assays of eight representative samples. The highest assay grades were 1.87% Cu, 1.74% Ni and 0.11% Co. Averages of all eight samples were 0.92% Cu, 0.96% Ni and 0.06% Co. Elevated levels of platinum (0.029 g/t Pt), palladium (0.039 g/t Pd) and gold (0.085 g/t Au) were also reported. Exploration by Falconbridge in 1998: Falconbridge carried out a program including 45.55 km of line cutting, 45.55 km of magnetic survey and 38.87 km of horizontal loop electromagnetic (HLEM) survey, as well as geological mapping. The HLEM survey located two distinct anomalies: a 600-metre-long conductor that coincides with a positive magnetic anomaly; and a 500-metre-long conductor without magnetic association. The surface outcrop and trenched area did not give a discrete geophysical response. Petrographic work by Falconbridge identified the host rock as gabbro, the copper-bearing mineral as chalcopyrite, partially altered to covellite, and the nickel-bearing mineral as pentlandite, partially altered to millerite and violarite. The presence of primary pentlandite and chalcopyrite indicates that the mineralization is of magmatic origin. Government Airborne Geophysical Survey: In 2001-2002 the Ontario Geological Survey (OGS) covered the Dinorwic property with its Stormy Lake airborne magnetic and electromagnetic survey using the Megatem system. The magnetic data show that the high-grade nickel-copper mineralization exposed on surface and in the trench lies in a relative magnetic low, in the angle of a magnetic anomaly shaped like a check mark (). The short arm of the check mark is 1.5 kilometers long and the long arm is 3.3 kilometers long. The 600-metre long HLEM conductor cuts across the acute angle between the two arms of the magnetic anomaly. Drilling by Gold Summit in 2008: In 2008, Gold Summit Corp. acquired the nickel-copper prospect and carried out a program that included stripping an area about 200 meters long and up to 75 meters wide, and drilling four holes totaling 402 meters in the vicinity of the surface exposures and trenched sulphide zone. Analysis of drill core did not yield any significant copper or nickel values. Geological drill logs mention extensive ultramafic rocks, which may not have been exposed in outcrops or the stripped area. Ultramafic rocks are generally more prospective for magmatic nickel-copper (cobalt, platinum-group metals) than the gabbro described by Falconbridge. Exploration Model and Planned Program: It is considered significant that the drilling by Gold Summit did not test either the magnetic anomalies or the HLEM conductors, which remain untested and unexplained, as drill-ready, prime exploration targets. The exploration model used by Trans Canada Gold Corp. is disseminated to possibly massive, magmatic nickel-copper-cobalt, PGE sulphide zones in gabbro and/or associated ultramafic rocks, with possible mobilization into the carbonate-altered shear zones that are a feature of the Dinorwic property. The Company plans an aggressive campaign of prospecting, geochemical sampling and diamond drilling to test the nickel-copper potential of the property. Trans Canada Gold Corp. has acquired a 100% interest in the Trans Canada District scale Gold Project, formerly known as the Dinorwic Gold Project, situated near Dryden, Ontario. The Property is comprised of 14,880 hectares located within the Kenora Mining Division in Ontario. This property has excellent road access, with the Trans Canada Highway bisecting multiple high priority targets in a north-south direction as well as close proximity to the community of Dryden, Ontario. The Technical Advisory Board has identified a number of gold exploration targets within the property based on their association with regional alteration, known gold showings, shear zones, complex patterns and offsets in the regional magnetic map, as well as spatial associations with regional structures that has the potential to be well endowed with gold mineralization Completed a detailed NI-43-10 Geological Report on the Dinorwic Gold Property/Trans Canada Gold Project authored by Derrick Strickland, P. Geo and Dr. Colin Bowdidge, Ph.D., P.Geo. Appointed a new Gold Technical Advisory team spearheaded by Michael Dehn and Tim Twomey B.Sc., P.Geo., both formerly with Goldcorp, and Mr. Brian Game P. Geo, co-owner of Geominex Geological Consultants whose corporate offices are situated in Vancouver, BC, Canada. Their mandate is to help identify, acquire, explore and develop large district scale gold projects in Canada. Commenced permitting process with Remini Exploration & Consulting Ltd, of Red Lake, Ontario Trans Canada's newly appointed management team and Technical Advisory team has committed itself to maintaining a strong balance sheet combined with the acquisition of District Scale gold projects and providing a management team that is experienced in the financing, marketing, and management of gold exploration programs for projects located in Ontario. Identified the existence of historical high-grade nickel- copper, platinum, palladium group mineralization on the property requiring further work.