Posted by AGORACOM
at 8:18 AM on Tuesday, February 5th, 2019
Submission of two additional Exclusive Prospecting License (“EPL”) applications along the strike from its Aukam Graphite mine in Namibia
The Company is putting together a reconnaissance mapping and sampling program to study its graphite bearing ability of the shear along the strike.
TORONTO, Feb. 5, 2019 /CNW/ – Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V: GRAT) (CB81–FRANKFURT) a
vertically integrated graphite to graphenes, advanced materials
development company announces the submission of two additional Exclusive
Prospecting License (“EPL”) applications along the strike from its
Aukam Graphite mine in Namibia.
Aukam graphite is situated in brittle ductile synthetic shear zones
exhibiting Riedel shearing. The host rocks consist of granites and
gneiss. The synthetic shear zone consists of a strike at 240° to 260°
with a sub-vertical dip. Riedel shears observed within the interpreted
extensional regime strike at 305° to 320° and provide a conduit for
graphite to precipitate within the existing fault structures. Graphite
appears to precipitate in jog structures and irregular veins due to an
increase of pressure. The shear zone, with its host rock, is expected to
continue in the new EPL applications with graphite mineralization
propagating from the East and terminating in the West.
The Company is putting together a reconnaissance mapping and sampling
program to study its graphite bearing ability of the shear along the
strike.
Gratomic’s CO-CEO Arno Brand stated,
“Through applying for additional ground, Gratomic will be able to
explore the extent of the shear zone along the strike. Having followed
the shear zone hosting the graphite to the end of available outcrop, our
expectation is that it continues along strike below the aeolian sand
cover.”
Qualified Persons The technical content of this News Release was reviewed and approved by Steven Gray, P. Geo., a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Gratomic Inc. Gratomic is an advanced materials company
focused on mine to market commercialization of graphite products most
notably high value graphene based components for a range of mass market
products. We are collaborating with a leading European manufacturer of
graphenes to use Aukam graphite to manufacture graphene products for
commercialization on an industrial scale. The company is listed on the
TSX Venture Exchange under the symbol GRAT.
“Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.”
FORWARD LOOKING STATEMENTS:This news release contains
forward-looking statements, which relate to future events or future
performance and reflect management’s current expectations and
assumptions. Such forward-looking statements reflect management’s
current beliefs and are based on assumptions made by and information
currently available to the Company. Investors are cautioned that these
forward-looking statements are neither promises nor guarantees and are
subject to risks and uncertainties that may cause future results to
differ materially from those expected. These forward-looking statements
are made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified by
these cautionary statements and by those made in our filings with SEDAR
in Canada (available at www.sedar.com).
Posted by AGORACOM
at 5:30 PM on Friday, January 18th, 2019
107.5 g/t gold and 880 g/t silver over 6.90 meters core length
High-grade quartz vein intersection is near-surface, near high grade intersections of COD18-45, 46 and 67 indicating high grade ore shoot.
COD18-67: 129 g/t gold and 1,154 g/t silver over 7.28 meters
VANCOUVER, BC / ACCESSWIRE / January 18, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to announce it has received drill core analytical results
for the final four drill holes (COD18-68 to COD18-71) of the November
2018 diamond drilling program at its Gold Drop Property near Greenwood,
southern British Columbia. Drill hole COD18-70 intersected near-surface
high-grade gold and silver with significant tellurium in the southwest
part of the COD quartz vein. This high-grade intersection is in
close-proximity to high-grade intersections in drill holes COD18-45, 46
and 67 indicating a high grade ore shoot. The mineralized COD vein
system has been traced by drilling and / or trenching for approximately
400 meters strike length and is open to the northeast, at depth and
possibly to the southwest. Highlights for COD18-70 include:
107.5
g/t gold and 880 g/t silver over 6.90 meters core length (multiple
samples greater than the upper 500 g/t analytical limit for tellurium).
High-grade
quartz vein intersection is near-surface (18 to 24 meters vertical
depth), near high grade intersections of COD18-45, 46 and 67 indicating
high grade ore shoot.
Part of
exploratory shallow drilling designed to define high-grade
mineralization and expand the understanding of controls on
mineralization.
The
November 2018 diamond drilling program (11 drill holes: COD18-61 to
COD18-71) tested the southwest region of the COD vein in an area of
high-grade gold and silver mineralization. The COD vein is located
within the Gold Drop Southwest Zone. Prior 2018 drill holes in this part
of the COD vein intersected near-surface high-grade gold and silver
mineralization. The COD vein strikes approximately northeast-southwest.
Intersections
exceeding 1 g/t gold for drill holes COD18-68 to COD18-71 are listed in
the table below. Since true widths cannot be accurately determined from
the information available the core lengths (meters) are reported.
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
Te (g/t)
Description
COD18-68
19.49
22.25
2.76
8.77
85.4
56.3
Quartz vein and wall rock
COD18-68
incl. 20.86
22.35
1.39
14.47
131.8
87.9
Quartz vein and wall rock
COD18-69
19.75
20.42
0.67
1.24
9.59
6.55
quartz band
COD18-69
26.72
34.18
7.46
5.76
67.9
61.2
Quartz veins & wall rock; local quartz breccia
COD18-69
incl. 27.30
28.10
0.80
9.77
95
110
Quartz vein
COD18-69
incl. 31.20
31.60
0.40
70.9
569
278
Quartz vein with massive sulfide band
COD18-70
22.57
29.47
6.90
107.5
880
Quartz vein with tellurides
COD18-70
incl. 23.3
24.15
0.85
541
4532
>500
Quartz vein with tellurides
COD18-71
28.50
30.30
1.80
1.57
11.7
8.4
Alteration zone
Note: 1-meter core loss in COD18-70 between 22.57 – 29.47m.
All
November 2018 drill holes were collared within 25 meters of prior 2018
drill holes COD18-45 and COD-46, the objective to define the high-grade
mineralization in this part of the COD vein and to provide information
on the controls on mineralization. Drill holes COD18-45 and COD18-46,
drilled to the west at 45 and 50 degree-dips, intersected near-surface,
high grade gold and silver mineralization in the COD vein (News Releases
of August 15 and 22, 2018). Drill holes COD18-67and COD18-70, part of
the November 2018 program, intersected high grade gold and silver
mineralization in the same area. These holes were drilled slightly
northeast at dips of 50 degrees (COD18-67) and 54 degrees (COD18-70) to
intersect the COD vein at a shallower angle and test the continuity of
the quartz veining and high-grade mineralization. Highlights of these
four holes include (core length):
COD18-45: 50.1 g/t gold and 375 g/t silver over 2.05 meters (including 167.5 g/t gold, 1,370 g/t silver & >500 g/t tellurium over 0.46 meters).
COD18-46: 54.9 g/t gold and 379 g/t silver over 1.47 meters (including 223 g/t gold, 1,535 g/t silver & > 500 g/t tellurium over a 0.30 meters).
COD18-67: 129 g/t gold and 1,154 g/t silver over 7.28 meters (multiple samples exceeding upper 500 g/t analytical limit for tellurium).
COD18-70: 107.5 g/t gold and 880 g/t silver over 6.90 meters (multiple samples exceeding upper 500 g/t analytical limit for tellurium).
The
close-spaced intersections of COD18-45, 46, 67 and 70 all occur within
18-25 meters vertical depth indicating a high-grade ore shoot.
Analytical
results for drill holes COD18-61 to COD18-64 were reported in the
Company’s News Release of January 9, 2018, the highlight being 28.0 g/t
gold, 424.7 g/t silver and 150.4 g/t tellurium over 1.17 meters core
length in COD18-63. Analytical results for drill holes COD18-64 to
COD18-67 were reported in the Company’s News Release of January 11,
2019, the highlight being the intersection of 129 g/t gold and 1,154 g/t silver over 7.28 meters core length in COD18-67.
Holes
COD18-61 to COD18-66 were drilled to the west and slightly northwest at
dips of 45 to 60 degrees to intersect the approximately northeast
striking vein(s). Holes COD18-67 to COD18-71 were drilled at dips of 45
to 60 degrees slightly northeast to intersect the vein(s) at a shallower
angle, the objective being to test the continuity of the quartz veining
and mineralization. Although drill holes COD18-67 and COD18-70 were not
drilled perpendicular to the strike of the COD vein, they still show
the exceptional high-grade nature of the vein, possibly being, or
leading to, a “motherlode”-style feeder system. As the Company continues
reminding of the old saying “we drill for structure and we drift for
grade”, both holes indicate how potential drifting may encounter the
vein in case a potential production decision can be made in the future.
Drilling along veins at slight angles helps in locating possible “ore
shoots” and gaining a structural understanding of its vertical and
horizontal orientations/extensions for targeted follow-up drilling.
The
drill core was split with half core samples securely packaged and
delivered to ALS Canada Ltd. in Vancouver, BC. The core samples were
analyzed for gold by Fire Assay-Atomic Absorption and for 48 elements
(including silver and tellurium) by Four Acid – ICP-MS. Samples
exceeding 100 g/t gold were re-analyzed for gold by Fire Assay –
Gravimetric Finish. Samples exceeding 100 g/t silver were re-analyzed
for silver by Four Acid – ICP-AES. Samples exceeding 1,500 g/t silver by
Four Acid – ICP-AES were re-analyzed for silver by Fire Assay –
Gravimetric Finish. Quality control (QC) samples were inserted at
regular intervals.
Gold
and silver bearing quartz veins occur in multiple regions on the Gold
Drop property with high grade gold reported (samples exceeding 1 oz. /
ton gold reported).
Historic gold and silver production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu vein systems.
David
Martin, P.Geo., a Qualified Person as defined by NI 43-101, is
responsible for the technical information contained in this News
Release.
To view the Original News release with pictures please go to the website or contact the company.
On Behalf of the Board of Directors, Barry Brown, Director 604-488-3900 [email protected]
Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company†or “GGXâ€) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-49 to COD18-51 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone. High grade gold has been confirmed within the COD Vein during the 2018 drill program with some core samples exceeding 1 oz. / ton gold. Gold bearing quartz veins are also reported in the east and north regions of the property, with historic samples reported to exceed 1 oz. / ton gold for veins in both areas.
Gold bearing quartz vein in drill hole COD18-49
(9.52 g/t gold over 1.47meters)
To view the graphic in its original size, please click here
The analytical results listed below are highlights from drill holes COD18-49 to COD18-51 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).
Hole ID
From (m)
To (m)
Interval Length (m)
Au (g/t)
Ag (g/t)
Te (g/t)
COD18-49
31.14
32.61
1.47
9.52
118
72.2
including
31.14
31.5
0.36
5.56
39.4
48.1
including
31.8
32.1
0.3
1.99
11.55
8.75
including
32.1
32.4
0.3
24.5
367
186
including
32.4
32.61
0.21
19.1
214
142.5
COD18-51
31.51
31.89
0.38
1.06
11.8
7.71
The highlight from these analytical results is an intersection of 9.52 g/t gold & 118 g/t silver over 1.47 meters core length in drill hole COD18-49, including 24.5 g/t gold, 367 g/t silver and 186 g/t tellurium over 0.30 meter core length. This interval of quartz veining and altered wall rock inclusions is at approximately 22 meter vertical depth and approximately 140 meters southwest of the area of 2017 trenching at the COD Vein. This hole was drilled at a 45 degree dip to the northwest. Holes COD18-45 and COD18-46, drilled from the same set-up but to the west, also intersected near-surface high grade gold (News Releases of August 15 and 22, 2018) identifying this area as having potential for high grade gold mineralization. COD18-49 was drilled approximately 200 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meter core length, including 10.96 g/t gold over 5.97 meter core length (News Release of September 7, 2017).
The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15 and August 22. Most of these holes are southwest of the area of 2017 trenching. More significant gold intersections (core length) to date from the 2018 program are as follows:
COD18-3: Â Â Â Â Â 14.62 g/t Au over 2.1 meters
COD18-26: Â Â Â 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
COD18-28:Â Â Â Â 11.3 g/t Au over 0.51 meters
COD18-33:Â Â Â Â 8.65 g/t Au over 2.98 meters
COD18-34:Â Â Â Â 6.16 g/t Au over 3.41 meters
COD18-37:Â Â Â Â 8.23 g/t Au over 3.95 meters
COD18-45:Â Â Â Â 50.1 g/t Au over 2.05 meters
COD18-46:Â Â Â Â 54.9 g/t Au over 1.47 meters
COD18-49:Â Â Â Â 9.52 g/t Au over 1.47 meters
To view the graphic in its original size, please click here
The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).
In addition to the gold discovered by the Company at the COD and Everest Veins, gold mineralization is reported in in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.
Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
To view the Original News release with pictures please go to the website or contact the company.
