Read the paper “ZTEM™ Airborne AFMAG Survey Results Over Low Sulphidation Epithermal Gold-Silver Vein Systems At Gold Springs, South Eastern Nevada” presented at ASEG.
Deutschlands Finanzportal: IRW-News: TRIMETALS MINING: TriMetals Mining Inc. meldet Update zu den Erzgangzielen Thor im Projekt Gold Springs [German language financial news]
A new outcropping vein has been discovered to the south of the main Thor zone, the” Southern Vein”, which is offset from the main Thor zone by faulting, with widths of up to 2 metres. The Southern Vein has limited exposure, as it is located on the edge of, and continues under, post-mineral cover. Two samples were collected from this vein in this program and they returned some of the highest outcropping gold values collected thus far on the Gold Springs project.
Sample No | Width | Gold g/t | Ag g/t |
RLM-16-001 | 1.5 metre chip | 33.6 | 57.8 |
102737 | Chip | 9.7 | 53.5 |
Ralph Fitch President and CEO, stated “Within the vicinity of the Southern Vein, TMI has collected several higher-grade samples which have come from locally derived float material. This material contains gold and silver values as high as 126.8 g/t and 442.7 g/t respectively. With the discovery of the Southern Vein, TMI may have located one of the sources of this material. Additional work will need to be completed before we know the full potential of the Southern Vein, but with gold and silver grades in the one and two ounce per tonne range we are very excited about the potential of this vein as well as the 1.6 km long Thor System. The reason we are targeting higher grade veins is because if we discover higher grade open-pittable material and can integrate this into our PEA mine plan as a starter-pit it has the potential to significantly enhance the project economics which are already robust”.
The discovery of this vein continues to confirm the high-grade nature of the vein systems in the Thor area.
This sampling program succeeded in producing two additional trenching and drill targets within the Thor area. These two targets, including the one described above, are characterized by outcropping veins and vein systems with grades ranging from 0.01 to 33.6 g/t gold and 0.43 to 61.8 g/t silver. The second vein target is located to the west of the historic Thor Mine and yielded sample values of up to 4.9 g/t Au and 57.5 g/t Ag. The discovery of this vein continues to confirm the high-grade nature of the vein systems in the Thor area.
The Western Vein set is made up of at least 4 closely spaced, parallel veins ranging from 0.3 to 1.5 meters wide. Samples from these veins carried the following values;
Sample ID | Sample Type | Width (metres) | Gold (g/t) | Silver (g/t) |
RM-16-19 | channel | 1.5 | 3.39 | 61.8 |
RM-16-20 | channel | 0.3 | 4.90 | 57.5 |
RM-16-21 | Chip | 3.0 | 0.53 | 19.1 |
RM-16-22 | channel | 1.0 | 1.57 | 27.4 |
The Western Veins are located in an area of extensive cover which will require trenching or drilling to fully understand the extent of the mineralization.
These targets, along with the Thor and Talisman areas, are part of a larger trend which may extend as much as 1.6 km as indicated by the ZTEM™ resistivity geophysical anomaly. The ZTEM™ anomalies have a high correlation with known gold mineralization and helped to define the Jumbo Trend which hosts the majority of the resource that TMI has identified to date.
Additional field work and sampling programs, including trenching, are planned for these areas with the ultimate goal of preparing them for a drilling program.