Review of historic core and cuttings suggested that gold mineralization is hosted in an intrusive latite porphyry to the southwest of the historic pit. The mineralized porphyry is above the Atlanta fault and consists of disseminated gold in a weakly altered rock. Initial drilling has confirmed that thick intercepts of gold mineralization exist for 900 feet (274 meters) along an east-west transect to the west of the pit. A series of holes drilled to the north of the transect has shown that the porphyry continues at least 1300 feet and remains open to the north. The 2013 exploration drill program will continue to define and expand the current Atlanta Gold Project fault system mineralization and the newly discovered gold porphyry systems mineralization as both systems remain open to the north.
Gustavson Associates recently released a new NI 43-101 resource calculation in March, 2013. This work that went into determining the resource is being used to guide ongoing exploration around the Atlanta Pit.
- Previously unrecognized intrusive porphyry occurs to the southwest of the historic Atlanta pit
- Gold and silver mineralization is both thicker and higher grade around the margins of the quartz latite porphyry.
- The geometry and extent of the intrusive have not yet been constrained – currently has dimensions of 300m east-west and 400m north-south
Porphyry Core Sample