Galahad Metals has completed a surface, induced polarization (IP) or time-domain resistivity survey at its Regcourt gold project, which is located 30 km east of Val-d'Or in Québec.
This geophysical survey enclosed 7 line kilometers and Abitibi Geophysics of Val-d'Or performed this survey from May, 2011 by means of its proprietary IPower 3D pattern. The property includes 53 claims that enclose more than 32 sq. km. in Abitibi Greenstone Belt’s eastern part.
The obtained survey results that are intended to define the auriferous, sulphide-bearing, quartz-tourmaline vein layers below and around the Regcourt gold mine, have been processed, and a summary report has been received. Two major anomalies have been defined by this survey. The first anomaly is a chargeable in a resistive zone, which is to the south of the significant mine workings. Though the part of this anomaly was identified by the down-hole IP survey during 2010, the recent results indicate a potential expansion towards the west. The second chargeable anomaly existing in a strongly conductive, east-west trending trait to grid’s north, whose consistent high conductivity with depth and linear nature recommends a formerly unknown shear zone. The high chargeability in this linear characteristic may show a mineralization area in the shear zone. Galahad plans to examine both of the targets during the next diamond-drilling phase at the property.
The company has completed the drill program at the Regcourt property with 13 DDH holes of around 3100 m. currently, the core splitting has been completed, and a large number of samples have been sent to the laboratory in Val d'Or. As many exploration campaigns are ongoing, complete assay results are not anticipated till late August.
Exploration at the property is planned to investigate and confirm the historic underground and drill intersections around the deserted Regcourt Mine. A digital collection of the significant data shows that the mineralized veins continue under the historic workings reaching a depth of only 165 m vertically.