공시 • Apr 02
Glenstar Minerals Inc. Receives Approval for Extensive Drill Program At Wildhorse Tungsten-Copper-Polymetallic Project in Nevada
Glenstar Minerals Inc. announced that it has received approval from the Bureau of Land Management to conduct a thirteen hole reverse circulation drill program at its Wildhorse Project in Mineral County, Nevada. The approval also provides for the construction of 2,200 feet of additional access road(s) to the drill sites, to complement existing land access to the exploration areas and planned drill target sites. Assay results from the recent trenching program at Wildhorse that was conducted in late February are still pending from ALS Chemex, however, visual examination of the bedrock that was uncovered in the trenches during this program confirmed what previous surface sampling suggested was occurring geologically at Wildhorse. The Wildhorse Project drill plan will be comprised of six holes at the Coca Cola Zone and seven holes at the Rattlesnake Zone. The six planned drill holes at the Coca Cola Zone will follow the mineralized trend that was uncovered during previous sampling work conducted to the east of the trenches, where select assay results returned copper values of 1.6%, 5.3%, 2.3% and 5.1%, along with an average of 21.6 ppm silver. Additionally, the samples are anomalous in bismuth - averaging 156 ppm across four samples, and also tungsten – which averaged 72.5 ppm across the same samples. Geologic observations of this zone include the presence of a complex array of narrow porphyritic dikes with feldspar phenocrysts in a black, fine-grained matrix. By compiling the results of the phase one rock sampling work and geologic observations from the trenching program, a clear picture of property scale geological, alteration, and mineralization zoning is emerging. The central portion of the property contains complex porphyritic intrusions within a strong skarnified envelope. High grade copper and silver, along with strongly anomalous tungsten, bismuth, and antimony in the central portion are surrounded by strong zinc and lead mineralization in areas more distal from the center of the system, as it is understood at this early stage of exploration of the property. Trenching also showed that what was originally thought to be a north-south trend of mineralization was intersected by the newly uncovered east-west trend of highly fractured and altered rock that appears to continue beyond the trenches. This new trending information has confirmed the drill hole locations for this first phase of drilling at the Coca Cola Zone. The six hole drill plan will follow the mineralized trend line for approximately 500 feet from the east sampling zone to the west trench area, and each hole will be drilled to a depth of up to 500 feet at various angles yet to be fully determined. The seven drill holes planned for the Rattlesnake Zone, which lies approximately 1,600 feet to the northeast of the Coca Cola Zone, will each be drilled to a depth of 300 to 500 feet, however, these holes will be vertical in nature and follow the north-south mineralization direction encountered during previous field work. Property scale zoning of gold, silver, tungsten, bismuth, tellurium, and base metals suggest the center of the mineralized system at the Wildhorse Project lies around and between the Rattlesnake and Coca Cola Zones, and may extend under cover to the east and west of these outcropping areas. Data compiled thus far suggests that there could be in excess of 1 km of strike length between these two zones and the drill plan is designed to test the degree and extent of similar mineralization at each zone and delineate the magnitude of the potential skarn system and the expected underlying porphyry system. The Wildhorse Property is comprised of 89 mineral claims, representing 1,780 acres in Mineral County, Nevada, and was initially targeted after compilation of all available data, including notes of a 1975 field examination contained in the Anaconda Company archives housed at the university of Wyoming. The claims show historical workings that appear to date from the late 1800's and early 1900's. Other claim stakes that the geological team discovered on the property indicate the last time the area was staked was 2011, however, these claims were never registered with the Bureau of Land Management. Preliminary geological assessment of the claims, and the area in general, indicate there are a series of east dipping mineralized zones. Initial field examination of the property identified and sampled a quartz veinlet zone containing in excess of 1 gram per ton gold, 1% copper, and 6,100 ppm of antimony. It was also reported that outcropping zones also contain bismuth and tungsten, which points to a focused intrusive source for the epidote skarn alteration and poly-metallic system.