The property is on the northwestern flank of the Simpson Park Mountains, 18 miles south of the Cortez gold mine and 5 miles west of the Tonkin Springs gold deposit. Previous work has identified both precious and base metal mineralization in upper and lower-plate rocks, near the northern contact of a granodiorite stock.
The junior believes the past search for near-surface bulk-minable gold deposits overlooked the potential for high-grade deposits. A review of historical drill data indicates that several holes encountered intercepts with individual assays ranging up to 0.13 oz. gold per ton.
Meanwhile, at the Moreau project, near Parker, Ariz., Nevada Pacific has expanded its land position following an initial 9-hole phase of widely spaced reverse-circulation (RC) drilling.
The 3,500-ft. program was designed to test the potential for shallow, high-grade oxide gold mineralization at the intersections of high-angle structures and a low-angle detachment fault system.
The best of the first six holes reported was hole 1, which intersected 45 ft. grading 0.097 oz. gold per tonne and 0.52% copper at a down-hole depth of between 20 and 65 ft. The upper 25 ft. of the intercept averaged 0.16 oz. gold and 0.6% copper.
Based on the first-phase results, Nevada Pacific says the mineralization appears to be structurally controlled by high-angle faults in the upper-plate rock. This suggests there is potential for further mineralization south of the current drilling, where significant thicknesses of upper-plate rocks occur and where known structures can be traced under shallow pediment cover.
Metallic screen fire assays are being conducted on selected intervals where visible gold was observed in the drill cuttings — in hole 1, hole 2 (50 ft. of 0.016 oz. gold and 0.4% copper) and hole 4 (30 ft. of 0.021 oz. gold and 0.15% copper). Assay results remain pending for three final holes.
The company has picked up further claims immediately northeast of the project to cover an altered area of upper-plate rocks marked by old prospects.
In related news, Nevada Pacific recently tested the newly acquired Big Belt property in Montana with two RC holes drilled to a depth of 1,000 ft. The company is examining the potential for platinum group elements. The 17,800-acre property is centred on a large, previously untested, bull’s-eye aeromagnetic anomaly, which was interpreted to represent an ultramafic intrusion covered by a thin veneer of sediment.
The first hole intersected a magnetite-bearing pyroxenite intrusive with 3-5% sulphide mineralization consisting predominantly of pyrite, beginning at a depth of 145 ft. The hole ended in mineralization.
A second hole tested a palladium soil anomaly 3,000 ft. south-southwest of the first hole. The soil anomaly extends over an area measuring 1,000 by 2,000 ft. The hole intersected the mineralized intrusive between a depth of 200 and 1,000 ft, before shutting down. Assay results are pending.
Nevada Pacific can earn a 100% interest in the Big Belt property from Kennecott Exploration by spending $100,000 on exploration. The
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