Nov 12 2014
Anconia Resources Corp. is pleased to announce initial results from the second phase program at its Grenfell Property near Kirkland Lake. The program is a follow-up to the recently completed initial prospecting and sampling program, the results of which were reported in a press release dated October 23 2014.
The current program is further testing the extent of gold mineralization at the Allen Veins and Riverside areas, both of which were proven by the first phase program to host gold mineralization. The results reported in this press release are grab samples taken to better define the potential for gold mineralization in the various rock types, and help to guide the channel sampling, which is currently ongoing.
Highlights from the most recent program are:
- Grab sample of 19 g/t Au from the wall rock of the Sylvanite Fault.
- Sample 041005 (4.97 g/t Au) and Sample 041004 (1.14 g/t Au) recovered gold from massive Diabase outside of the shear zones.
- Allen Vein and Riverside areas have been pressure washed to allow for more extensive channel sampling.
Mr. Jason Brewster, President and C.E.O. of Anconia commented, "Anconia is very pleased with the results of these grab samples, specifically the highest grade sample (19 g/t Au) taken from very heavily sheared wall rock immediately beside the Sylvanite Fault. This demonstrates the potential of the Sylvanite Fault itself, and leads to the possibility that the Fault is a major controlling structure for gold in the Allen Veins area. This opens up the entire length of the Sylvanite Fault as an exploration target. It is also important that Sample #041004 (1.14 g/t gold) was well outside any of the shear zones and only very weakly altered. This indicates that potentially there is a halo of gold mineralization in the wall rock around the more mineralized areas affected by shear zones."
Sample Descriptions and Results
Sample #041002 - 19.0 g/t Au -Strongly silicified mafic volcanics containing 5-10% fine disseminated pyrite immediately adjacent to the Sylvanite fault. Some brecciation of the rock is evident with narrow vitreous quartz infill cementing the small fragments. The shear is oriented at roughly 182 degrees and is very blocky.
Sample #041005 - 4.97 g/t Au -Strongly silicified diabase with numerous parallel quartz stringer 1-10mm thick immediately adjacent to a thick quartz + ankerite vein/stockwork system (part of the main Allen vein system). This sample contained approximately 15% fine to medium disseminated pyrite throughout. This sample was taken due to the amount of silicification and pyrite content. There seems to be a strong correlation between the intensity of silicification and the amount of pyrite found in the rock.
Sample #041004 - 1.14 g/t Au -Massive weakly sericitic diabase, with up to 5% fine to medium grained disseminated pyrite and rare narrow quartz stringers. This sample is along strike of the main shear / vein system in the Allen Vein outcrop area, however shearing is not present in this sample. It was taken to determine if mineralization extends past the shear systems.
Sample #041003 - 0.676 g/t Au -Northernmost exposure of the Sylvanite fault found in the Allen Vein area. Here the rock was strongly oxidized and broken due to the shear. Patchy fine pyrite is predominantly in and around a weak quartz-ankerite stockwork. The extensive weathering in this sample may have leached out pre-existing sulfides.
Sample #041001 - 0.151 g/t Au -Massive white quartz vein hosted by sheared mafic volcanics. The vein itself is approximately 10cm thick and is within the main shear (oriented at 42 degrees / dip 54 degrees sw) in the Allen Vein area. This sample was taken to better define the role of the quartz veining as it relates to the mineralization.