Exploration

Exploration

Assaleyta exploration started in 2015 with a first phase of surface sampling returning high grade results from low-sulphidation epithermal veins hosted or around rhyolites domes.

Figure 8. Photo of the Assaleyta prospect with results annotations

Figure 9. Results from the ground sampling on the Assaleyta prospect with geology

An area of 3km² covering multiple rhyolites and numerous narrow epithermal veins, carbonate and quartz with anomalous gold was defined within the permit. 400 rock sample assayed the first year of exploration, with 17 samples above 10g/t Au including RX06942@41.4g/t Au, furthermore only 1% of the 400 sample are below detection in gold fire assay. The programme was quickly upgraded with rock-chip channels and mapping at 1:2 000. All samples were assayed for gold and multi-element providing a complete geochemistry database to define pathfinders elements and compare with other epithermal prospect within the company’s portfolio.

Highlights from the chip-channels includes:
Ay-Ch-02: 19m@4.18g/t Au
Ay-Ch-05: 21.6m@1.58g/t Au
Ay-Ch-12: 6m@10.35g/t Au
Ay-Ch-16: 26m@4.72g/t Au
In 2016 a first phase of diamond drill programme was successfully done in the first half of 2016.

Figure 10. Surface chip-channel sampling intersections over Porcupine Hill with geology

Figure 11. Surface chip-channel sampling intersections over Porcupine Valley with geology

Figure 12. Surface chip-channel sampling intersections over Red Eagle Mountain with geology

Figure 13. Surface chip-channel sampling intersections over Black Mamba with geology

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