Dec 19 2013
Gentor Resources Inc. ("Gentor" or the "Company") has outlined a significant metasediment-hosted VMS system in forested terrain near Karaburun about 17 kilometres north-west of Boyabat in the Sinop District of the Central Pontide Region in northern Turkey (Figure 1). The Karaburun gossans lie in the same stratigraphy as the long-life Kure Copper Mine and a newly discovered large copper resource at Honanu owned by Asya Mining, which lies 20 kilometres to the north-west.
To view Figure 1 please visit the following link: http://media3.marketwire.com/docs/918723f1.pdf
The discovery was made during systematic regional mapping initiated by Gentor along strike and in the same Bekirli Formation rocks as the Kure Mine and Honanu VMS deposits. The VMS gossan lies in and adjacent to one of Gentor's joint venture properties (see the Company's press release dated October 7, 2013).
Rock chip copper values (>1,000 ppm copper results highlighted)
President and CEO of Gentor, Dr. Peter Ruxton, said, "We are very excited about the discovery of the Karaburun VMS gossans - their size and thickness suggests potential for a significant VMS deposit along strike from the operating Kure Copper Mine and recently drilled Honanu copper deposit. Having secured the down-dip extent of the surface gossan, Gentor is keen to drill Karaburun as soon as possible after the winter snows thaw in April-May 2014."
Karaburun Gossan
The gossans extend east-west over a strike length of 2.5 kilometres within a dominant greenschist volcaniclastic sequence over a stratigraphic thickness of at least 200 metres. While most of the gossans crop out in an area adjacent to the Gentor joint venture ground (see Figure 2 below, which shows Gossans No 1 & 2 on the Gentor joint venture ground), they all lie within 150 metres of the Gentor joint venture ground boundary and, importantly, dip 20 to 35 degrees to the south into the Gentor joint venture ground.
The Main part of the system exhibits heavily leached ironstone gossan up to 75 metres thick over a strike length of 600 metres and includes exposed massive sulphides and siliceous pyritic volcaniclastics over 300 metres at creek level in rugged terrain. Minor ancient workings for ironstone have exposed copper silicates in pyritic massive sulphides within the Main Zone.
Initial rock geochemical results at Karaburun have defined extensive Cu-Zn-Ag-Au and Co anomalism coincident with stacked stratigraphic mineralised gossan horizons dipping gently south into and within Gentor's joint venture tenement (as shown in Figure 2). Rock chip results from predominately highly weathered gossan material yield up to 0.5% copper and up to 1.6g/t gold. These analyses were completed using XRF techniques at ALS Laboratories in Ankara, Turkey and applying normal laboratory verification procedures.
Summary
Given the impressive size of the exposed system and its multiple stratabound lenticular nature - that is characteristic of Besshi style deposits worldwide - Gentor believes that the Karaburun VMS represents a significantly mineralised system.
An initial 2,100 metre diamond drilling program is planned for the first half of 2014, following the current winter season and after forestry permit approvals, and subject to funding.
Gentor has established good working relations with its Turkish partners to promote local community acceptance and support for detailed exploration of the prospective sequence regionally as well as at Karaburun. Gentor believes that it is likely that further mineralised positions will be found in this previously poorly-explored Ophiolite melange terrain in the Kastamonu Region.
Qualified Person
The exploration information disclosed in this press release has been reviewed, verified (including sampling, analytical and test data) and compiled by senior geologists under the direction of Dr. Peter Ruxton, who is a Professional Member of the Institute of Materials, Minerals and Mining (I.M.M.M.), the Company's President and Chief Executive Officer and a "qualified person" (as such term is defined in Canadian National Instrument 43-101 as promulgated by the Canadian Securities Administrators).