 |
|
 |
 |
|
 |
 |
PFG Bill
_______________________________ _______________________________ _______________________________ The PFG/Bill property immediately adjoins San Gold Corp.’s Rice Lake Mine property. The property is 6 kilometres east of the Rice Lake Mine, and 4.5 kilometres east of the newly discovered high-grade Hinge Zone deposit. Numerous gold-bearing quartz veins are known on the PFG/Bill property. Trenching was done by the company during 2009 at the Salerno and Manifold showings. In both areas, trenching exposed large zones of shearing, quartz veining, folding, and strong ankerite-sericite alteration, with elevated gold values returned. The Manifold Zone is 2 to 4 metres wide, with assays from trench samples including 1.7 g/t Au over 2 metres and 1.5 g/t Au over 1 metre. The Salerno vein ranges from 10 to 21 metres in width. Assays from trench samples returned values of 4.54 g/t Au over 2 metres, and 3.15 g/t Au over 0.5 metres.
Prospecting on the property in 2009 was successful in discovering several new gold-bearing quartz veins on the property. At the Carbucketty showing, narrow quartz veins occur within a 2 to 6 metre wide north-south trending shear zone. Visible gold was observed in one narrow tourmaline-bearing quartz vein within the shear zone, and a sample from this vein returned 78.66 g/t Au. The On The Mark showing is a 3 to 4 metre wide north-south trending shear zone, with numerous quartz veins and veinlets, up to 0.5 metre in width. Samples from the showing were consistently elevated in gold, with values including 13.44 g/t Au, 8.92 g/t Au, 3.0 g/t Au, and 3.02 g/t Au. Historical results including 95.8 g/t Au, 20.34 g/t Au, 5.4 g/t Au and 4.14 g/t Au are reported from a strong shear zone, with associated quartz veining, at the Napoli showing. These showings require follow-up to assess their significance, as do several other areas that resulted from the company’s 2009 work program.
Eleven holes (2189 metres total) were drilled on the property during February-March, 2010. Drilling primarily tested the Salerno and Manifold zones down-dip and on-strike from the trenched exposures. One hole was drilled to test a structural target near the Ruby/Romano showing. The Salerno and Manifold zones were both successfully intersected in drilling. Both were zones of moderate to strong shearing and carbonate-sericite-chlorite alteration, with accompanying quartz and carbonate veining. The Salerno Zone was intersected in 5 holes, with intercepts ranging from 0.83 to 7.63 metres in core length. The Manifold Zone was intersected in 3 holes, with intercepts ranging from 0.96 to 3.68 metres in core length. Analytical results from drill core from both zones were low. At the Salerno Zone, the best results were 2.86 g/t Au over 0.15 metres (Hole PFG-10-2) and 1.25 g/t Au over 1 metre (Hole PFG-10-07). At the Manifold Zone, the best results were 4.18 g/t Au over 0.35 metres (Hole PFG-10-09) and 1.1 g/t Au over 0.29 metres (Hole PFG-10-11).
Further work is recommended to explore for gold mineralization on the PFG/Bill property. A two-phase $750,000 work program is recommended. The recommended Phase 1 program ($320,000) is planned for 2010 and includes further drill testing of the Salerno and Manifold Zones and the Roadside Alteration Zone. It also includes additional prospecting and trenching to bring other known targets on the property to a drill-ready stage. Phase 2 ($430,000) includes further diamond drilling and property-scale work and is contingent on the results of the Phase 1 program. Click Here to View Entire Report... |
 |
Property Location Map
Salerno Trench
Geologist Paul Baxter, logging drill core
Salerno Vein prepared for Sampling
Diamond Driller Shawn Clarke
Diamond Drill (Wynne Drilling)
Drill hole number 7, PFG Property.
Cougar personnel checking maps.
Sawing Drill Core, PFG Property.
Moving Drill Core, PFG Property.|
| | | | | | |