Collects Grab Samples Up To 1,240 G/T Au
1911 Gold Corporation (TSXV: AUMB) (OTCQX: AUMBF) has collected “bonanza” grade sample in its exploration activities at its 100% owned Apex Gold Property, located in the prolific Snow Lake Mining District in northern Manitoba.
• Assay values up to 1,240 g/t gold obtained from grab samples of quartz veins and altered wallrock associated with fault systems cutting the Rex Lake Pluton, adjacent to the crustal-scale Crowduck Bay Fault
• High-grade gold is associated with zones of sulphide enrichment containing up to 40% disseminated sulphide (arsenopyrite, pyrite, pyrrhotite, chalcopyrite), within and peripheral to fault-systems in the Rex Lake Pluton
• Recently-completed OreVision®induced-potential (IP) geophysical survey by Abitibi Geophysics identified strong chargeability anomalies, interpreted to signify zones of sulphide enrichment, coinciding with known near-surface gold mineralisation
Scott Anderson, Vice-President Exploration, said IP anomalies were also identified at depth within and adjacent to the Rex Lake Pluton, which have not been tested by previous drilling
“While the company remains focused on its flagship asset in the Rice Lake Gold District of southeast Manitoba, we continue to advance other assets within the Company’s portfolio, and are extremely pleased with the results to date from the Apex Gold Property,” Mr Anderson said.
“Located immediately to the north and adjacent to the Laguna Gold Property currently being explored by an affiliate of Kinross Gold Corporation, the highly prospective Apex Gold Property has rapidly advanced to drill-ready status and the Company looks forward to testing a number of very compelling drill targets that show strong potential for significant discovery”.
The company initiated exploration at the Apex Gold Property in 2019, completing reconnaissance geological mapping, prospecting and surficial geochemical surveys of historical gold showings. This work confirmed the widespread presence of gold mineralization and yielded assay values up to 132.6 g/t gold from strongly sulphidised inclusions (xenoliths) in the Rex Lake Pluton (Table 1).
This important new observation prompted 1911 Gold to expand its land position westward, staking seven additional claims, totaling 1,448 hectares, to cover the western contact of the Rex Lake Pluton and the adjacent Burntwood Group – a possible source of the high-grade xenolith in the pluton.
In 2021, the company cut a 17 line-kilometre grid to facilitate a geophysical survey across the major trend of gold mineralisation and the western contact of the pluton. The survey, completed by Abitibi Geophysics using the OreVision induced-polarization (IP) system, included six profile lines arranged into three pairs of 200-metre-spaced lines, with each pair separated by 400 metres, providing coverage over 1,400 metres of strike length along the targeted features.
The OreVision IP survey successfully identified two priority trends of chargeable targets, the eastern of which is entirely within the Rex Lake Pluton and includes the historical Apex Gold Deposit at its northern end.
The western trend mimics the contact of the Rex Lake Pluton and Burntwood Group. In section, the eastern trend is defined by a series of sub-horizontal anomalies extending to depth (consistent with the sub-horizontal attitude of the Apex Gold Deposit), whereas the western trend includes both subvertical and sub-horizontal anomalies. Each trend thus contains extremely compelling targets for exploration drilling, in areas with no record of historical drilling.
Follow-up work during the 2021 field season included two weeks of geological mapping, prospecting and surficial geochemistry, expanding on the work completed in 2019 and extending coverage over near-surface geophysical targets identified by the IP survey.
Highlights from grab sampling during this program include several high-grade gold values from the defined mineralised trends within the pluton, including a spectacular value of 1,240 g/t gold from the historical Montana vein in the northeast portion of the property.
To date, 52% of samples collected by 1911 Gold have returned values greater than 1 g/t gold, with 18% of samples containing greater than 5 g/t gold, highlighting the excellent prospectivity of this property.
For further information please visit: https://www.1911gold.com/