Arrowhead Drills to Test 9.6 Grams Per Tonne Gold in Trenches at Puruni, Guyana
November 02 2011 - 9:07AM
Marketwired
Arrowhead Gold Corp. (the "Company") (TSX VENTURE:AWH) is pleased
to announce that it has signed a drill contract and that drilling
will commence shortly at its wholly owned Puruni Gold Project in
Guyana.
Arrowhead has completed an extensive exploration program at
Puruni including deep hand auger-type soil sampling as well as soil
gas hydrocarbon ("SGH") deep penetrating geochemistry. The soil and
SGH results highlighted five prospective zones labeled A, B, C, D
and E. The Company is currently focusing on A, C and E and to this
end completed a 25km induced polarization ("IP") geophysical survey
over these zones. The IP results correlated very well with the soil
and SGH results and together they indicated the potential
occurrence of a gold-bearing structure.
Mechanical trenching at the C zone confirmed the presence of a
northwest to southeast trending multiple quartz vein system. A
total of five trenches were completed over a strike length of 800m
at trenching intervals of 200m. Significant gold values were
returned from samples collected from the three trenches done
furthest to the south. Trench T-03 returned the best values
including 2.5 grams per tonne gold (gpt Au), 6.2gpt Au and 9.6gpt
Au. Trench T-05 returned a best value of 2.4gpt Au.
The drill program, due to begin shortly, will test the C zone at
depth below the area from Trench T-03 to T-05 over an approximate
horizontal strike length of 250m. It is anticipated that 8 to 10
holes will be drilled.
The trench sampling was completed by the Company`s Guyana field
crew under the supervision of Martin Zambrano, Senior Geologist.
All analytical work was completed at Acme Analytical Laboratories
Ltd. ("Acme") in Vancouver, B.C. Acme is accredited under ISO 9001.
The samples were bagged on site and then delivered to Acme's
facility in Georgetown, Guyana where they were prepared by crushing
one kilogram to 80% passing 10 mesh and then pulverizing a 250-gram
pulp subsample to 85% passing 200 mesh. The pulps were shipped to
Vancouver and analyzed for gold by 30g fire assay ICP-MS technique.
Mark Fekete, PGeo., a designated qualified person as defined in
Section 1.2 in and for the purposes of National Instrument 43-101,
has reviewed the technical content of this press release.
On Behalf of the Board of Arrowhead Gold Corp.,
Steve Smith, President
This news release may contain forward-looking statements based
on assumptions and judgments of management regarding future events
or results. Such statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements.
The Company disclaims any intention or obligation to revise or
update such statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Arrowhead Gold Corp. Steve Smith President 604
642-0115 604 642-0116
(FAX)info@arrowheadgold.comwww.arrowheadgold.com
Arrowhead Gold Corp. (TSXV:AWH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Arrowhead Gold Corp. (TSXV:AWH)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Arrowhead Gold Corp. (TSX Venture Exchange): 0 recent articles
More Arrowhead Gold Corp. News Articles