Dec 2 2019
MegumaGold Corp. has reported additional soil geochemical results with higher gold and arsenic values for its Touquoy West Project.
Anticline can be traced along an aeromagnetic trend that extends across MegumaGold’s Touquoy West holding and continues through the Touquoy Gold Mine area. Image Credit: MegumaGold Corp.
These results, coupled with the results announced previously by the company, outline large gold-arsenic anomalies trending over the west extension of the Moose River anticline. St Barbara Ltd’s open-pit Touquoy Gold Mine is hosted by the Moose River anticline.
It is possible to trace this anticline along an aeromagnetic trend extending through MegumaGold’s Touquoy West holding and continuing across the Touquoy Gold Mine area situated about 4 km to the northeast.
It’s very exciting to see these large anomalies take shape. Many of the larger gold deposits in Nova Scotia are associated with arsenic haloes in surrounding rocks and soils. We’re seeing the proper geo-chemical indicators along a structure with proven ability to host large, low cost, disseminated gold deposits.
Theo Van der Linde, President, MegumaGold Corp.
Theo Van der Linde continued, “The Touquoy West anomalies occur right over top of the magnetic trend that extends westward from the Touquoy Mine through the previously operating Higgins and Lawlor Mine, the Stillwater Mine and on to the Sheelite Mine.”
The integrated geochemical results clearly show two well-defined soil anomalies with higher gold values of 5 to 34 parts per billion (ppb), within a halo of anomalous arsenic values that range from 30 and 900 parts per million (ppm). These anomalies cover areas where the key aeromagnetic trend is intersected by northwest-trending cross structures in a setting that the company considers to be analogous to St Barbara’s Touqouy Gold Mine.
The western geochemical anomaly expands to a strike length beyond 2000 m and a width of 100 to 700 m. The western anomaly stays open across strike to the southwest. Analytical results are still pending for some areas of the survey grid, but expected within the next two weeks.
Receipt of additional anomalous arsenic and gold soil geochemistry survey results for Touquoy West is very encouraging and we’re eagerly awaiting receipt of remaining results. We are also revising current exploration plans for this area to include an expanded program of grid-based Induced Polarization (IP) surveying over a longer strike length to account for the sheer size of the soil anomaly trend.
Theo Van der Linde, President, MegumaGold Corp.
Theo Van der Linde added, “The Company’s intention is to accelerate exploration work on this very significant target area.”
Technical Notes
B-horizon soil samples were submitted to Eastern Analytical Ltd. (Eastern) in Springdale NL for preparation and examination. Following drying and sieving, a 30 g fine pulp split was examined for gold using fire assay techniques and atomic absorption finish (FA-AA). A second fine pulp split was prepared for multi-element analysis by Inductively Coupled Plasma (ICP) procedures after four-acid digestion.
MegumaGold’s Quality Assurance and Quality Control protocol for the soil samples comprised a systematic examination of certified reference materials, duplicate pulp splits, and blank samples. Eastern is a wholly accredited commercial analytical services company registered to ISO 1725 standards for gold and multi-element analysis techniques.