Kingsman Resources Inc.: Excellent Grades Across Significant Widths Returned in Pathfinder Trenching
2008年7月14日 - 10:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA announces the results of a recent
excavator trenching program on its 6,204 hectare Pathfinder
property, located 20 kilometres north of Grand Forks, British
Columbia. The property is located in the Boundary Mining District,
a well-mineralized area with a long history of mining which
straddles the Canada-USA border. The district has produced in
excess of 7.5 million ounces of gold from a number of well-known
camps and properties, including the Republic, Phoenix, and Rossland
camps.
The company excavated a total of 452 metres in 13 trenches, and
collected a total of 258 channel samples, which averaged 1.3 metres
in length. Trenching focused on two targets, Pathfinder and Diamond
Hitch, with eleven trenches (TRPF08-1 thru TRPF08-11, see Tables I
and II) completed at Pathfinder, and two (TRPF08-12 and 13, see
also Tables I and II) at Diamond Hitch.
At Pathfinder, the trenches were excavated along a zone, or
zones, which trend roughly east-southeast and which extend along
strike for a minimum of 300 metres. Trenching revealed several
areas of massive to semi-massive replacement-style sulphides, as
well as abundant heavily disseminated, disseminated and
fracture-controlled sulphide mineralization across broad areas in
what is a Au-Cu skarn setting. Sulphides consist primarily of
pyrrhotite, pyrite and lesser chalcopyrite. Locally coarse grained
molybdenite was also observed. The massive to semi-massive sulphide
bodies vary in size up to several metres or more across strike, and
up to tens of metres along strike, and are generally hosted by
finer-grained metasedimentary and metavolcanic rocks, near contacts
with irregular granodiorite intrusions. In one area (TRPF08-7),
massive sulphide lenses appear to occur within intrusive rocks, in
what is interpreted as an endoskarn environment. The massive and
semi-massive sulphides at Pathfinder are typically enveloped by,
and grade into, disseminated and fracture-controlled styles of
mineralization. Better-grade gold values occur within both the more
massive sulphide bodies and, significantly, within altered
stratified rocks which contain only disseminated and fracture
controlled sulphides (e.g., Trench TRPF08-9, where a continuous
chip sample averaged 4.59 grams/tonne gold over 9.5 metres).
Mineralization there occurs primarily as disseminated sulphides,
with lesser fracture-controlled sulphides, but massive or
semi-massive sulphides do not occur in this interval. Historically,
only massive sulphides were targeted at the Pathfinder and Diamond
Hitch workings, and so the relatively underexplored and untested
disseminated and fracture-controlled mineralization in a
skarn-style setting on the Pathfinder property represents an
exciting and compelling target for future exploration. This is
particularly so given that other large and rich skarn-type deposits
are common in the Boundary district. They include those in the
Phoenix Camp, the Lamefoot deposit in the Republic Camp, and the
Buckhorn Mountain deposit (formerly Crown Jewel), a short distance
south of the border to the southwest of the Pathfinder
property.
Table I. - Trenching highlights
LENGTH Au Ag Cu
TRENCH # (m) (g/t) (g/t) (%)
TRPF08-2 14.4 1.87 2.20 0.06
TRPF08-3 2.2 7.25 25.90 1.10
TRPF08-5 11.7 5.30 9.10 0.29
TRPF08-7 1.6 16.90 8.60 0.26
TRPF08-9 9.5 4.59 0.80 0.04
TRPF08-13 2.3 6.58 2.00 0.03
Table II. - Significant intersections
LENGTH Au Ag Cu
TRENCH # (m) (g/t) (g/t) (ppm)
TRPF08-2 2.0 0.97 2.95 1142
14.4 1.87 2.20 625
including 6.4 3.27 2.85 669
including 1.4 7.20 3.30 308
1.3 3.40 2.30 1532
1.5 1.08 2.00 582
4.0 1.37 1.90 793
-----------------------------------------------------------
TRPF08-3 2.2 1.57 3.20 599
1.9 3.85 15.00 8783
2.2 7.25 25.90 1.10%
3.4 1.98 9.90 3551
-----------------------------------------------------------
TRPF08-4 1.2 1.48 5.90 2046
1.0 1.50 5.00 1503
1.3 1.39 2.70 414
2.2 1.75 19.00 5784
-----------------------------------------------------------
TRPF08-5 11.7 5.30 9.10 2881
including 1.7 9.61 10.00 2356
including 4.0 9.41 14.50 5675
including 0.7 16.60 12.20 1674
including 1.0 18.20 9.00 3860
including 1.0 14.90 30.20 1.18%
3.0 2.13 13.90 4885
1.5 6.80 6.50 2179
-----------------------------------------------------------
TRPF08-6 2.5 4.34 19.10 1422
2.8 2.85 13.40 2371
0.7 5.40 25.80 2.03%
1.0 7.60 2.50 673
1.0 4.30 48.50 2124
2.3 2.49 35.20 7458
1.9 2.16 19.80 3983
1.5 1.17 5.60 1168
1.0 4.40 15.20 2556
-----------------------------------------------------------
TRPF08-7 3.0 1.26 13.50 5494
3.0 1.71 13.80 5736
2.0 3.89 8.10 2893
1.6 16.90 8.60 2558
0.7 7.40 59.70 2.49%
0.9 9.00 53.70 2.53%
1.5 1.10 7.60 2457
2.5 2.19 14.20 4972
1.1 5.30 20.10 6447
1.0 2.30 10.90 3423
-----------------------------------------------------------
TRPF08-9 9.5 4.59 0.80 382
19.8 0.76 1.40 658
3.1 3.63 0.70 383
8.0 1.47 1.30 254
9.2 2.22 1.47 665
including 1.2 9.90 1.90 682
1.9 0.95 1.40 545
-----------------------------------------------------------
TRPF08-13 0.8 1.02 0.50 213
2.3 6.38 2.00 337
Complete assay results along with a reference map of the
trenches will be available on the Company website.
Based on the encouraging results, the company is planning
further work, which may include both ground and airborne
geophysics, further trenching, and diamond drilling.
All samples were analyzed by Eco Tech laboratory Ltd. in
Kamloops, B.C. utilizing ICP-MS and gold by fire assay fusion with
an AA finish. Any copper values greater than 10,000 ppm by ICP-MS
were re-assayed by fire assay.
Bernhardt Augsten, P.Geo., a qualified person, supervised the
fieldwork and the preparation of the technical information in this
release.
About Kingsman Resources Inc.
Kingsman Resources Inc. is an exploration and development
company with a particular focus on gold, silver, molybdenum and
copper. Kingsman trades on the TSX Venture Exchange under the
symbol "KSM".
On Behalf of the Board of Directors
KINGSMAN RESOURCES INC.
Robert McLaughlin, Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
news release.
Contacts: Kingsman Resources Inc. Ted Drummond (604) 926-4062
Website: www.kingsmanresources.com
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