During its initial field evaluation in June 2006, the Company took a total of 16 reconnaissance samples. The average value of these samples was 1.486 g/t gold, with a high of 10.8 g/t and a low value of 0.02 g/t. Samples consisted of panel grabs as well as continuous chips taken over intervals ranging from 2 to 10 metres. During the months of August and September, the Company conducted regional and detailed mapping and sampling, and stream sediment sampling. Assay results were received from 43 additional samples taken within the main zone. Included within the samples were two lines of continuous sampling over limited outcrop. These samples were primarily five metre continuous chips. Line one reported 32 metres @ 2.31 g/t gold and line two reported 48 metres @ 1.08 g/t gold, essentially perpendicular to each other.
37 additional samples were taken which include 2.42 g/t gold over a 15 metre interval, with the remainder of the samples mainly 5 metre chips taken from outcrops within the mineralized system. Of the 37 samples taken, 15 returned values exceeding 0.5 g/t gold, and four reported 2.10, 2.61, 2.55 and 2.11 g/t gold over 5 metres. Geological mapping was concentrated within the currently defined zone of mineralization and alteration, which was mapped over a strike length of approximately 300 metres with widths locally exceeding 70 metres.
Fresnillo commenced exploration in mid 2008 and in a January 2009 report provided to Northair, offered details of its initial exploration program on the property. The program included geological mapping and over 2,000 rock chip samples within the project area. Fresnillo's geological mapping has increased the size of the breccia and has defined an irregular surface area of mineralization having an exposed strike length of approximately 400 metres with widths ranging up to 60 metres. From the maps provided by Fresnillo, Northair calculates that Fresnillo has taken 158 rock chip samples within the main breccia zone reporting an average grade of 0.63 g/t gold.
In 2009, Fresnillo completed a first phase diamond drill program, which consisted of eight holes, totaling 867 metres in length. The Fresnillo program tested two mineralized zones, the South Breccia previously outlined on surface by Northair and the North Breccia discovered by Fresnillo and located approximately 500 metres north of the South Breccia. Fresnillo's drilling encountered anomalous intervals of gold mineralization in all eight holes; however no mineralized intervals of potentially economic grades were reported.
Last:
$0.06
High:
$0.07
Low:
$0.06
Chg:
even
Vol:
38500
