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Canadian Gold Miner reports high gold grade of 240 g/t Au from a 1.23 tonne sample at the Bjorkman occurrence

Mining News - Published on Mon, 13 Feb 2017

Image Source: Gold Avenue
Canadian Gold Miner provide results from a 1.23 tonne sample of vein material that returned a head grade of 240 grams gold per tonne (g/t Au) (7.66 troy ounces gold per tonne – oz Au/t). Canadian Gold Miner is a private company owned 65% by project generator Transition Metals Corp. The sample was collected from the Company's 100%-owned West Matachewan project located 25 kilometres along the Cadillac-Larder break west from Alamos Gold's Young Davidson Mine. Previous assays of surface grab samples collected from the vein returned values up to 12,700 g/t (408 oz/t Au)1 and chip sampling completed across the vein in a number of locations returned results ranging from 0.20 g/t Au over 0.90 metres up to 2,060 g/t Au (66.2 oz Au/t) over 0.80 metres2.

Canadian Gold Miner CEO Greg Collins summarized that "We are pleased that a larger and more representative sample than had been previously collected returned such excellent grades at an occurrence situated so close to the Cadillac Larder Break. At this point, I will caution that the economic significance of the results remains poorly understood. Additional work is required to outline the full extent of mineralization associated with this showing and to determine if there is wider spread mineralization or other similar Bonanza-style occurrences elsewhere on the property."

The sample was collected in July of 2016, as part of a program to further investigate the gold occurrence and to collect a more representative sample of vein material to assess overall grade. A mechanical excavator exposed a zone of veining over a strike length of 35 metres with an average true thickness of 1 metre. The zone, consists of quartz-carbonate veining and silicification developed along a faulted contact between serpentinized ultramafic intrusive rocks and dacite, striking northwest and dipping approximately 55 degrees northeast. The quartz-carbonate veining is crosscut by a set of narrower secondary fractures that control a clay and quartz epidote alteration assemblage spatially associated with native gold. Electron microprobe studies of the gold has identified two alloy species; electrum (average content of 60.8% gold, 38% silver), and tetra-auracupride (average content of 77% gold, 22.8% copper)3.

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Posted By : Rabi Wangkhem on Mon, 13 Feb 2017
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