Open Gold Drills 8.95m of 2.11 g/t Gold, 0.39% Copper and 7.0 g/t Silver
April 27 2011 - 7:30AM
Marketwired
Open Gold Corp. (TSX VENTURE: OPG)(FRANKFURT: 5OG) ("Open Gold" or
the "Company") is pleased to announce the results from the first
phase of drilling at its Eholt gold-copper Project, located in the
Boundary District near Grand Forks, British Columbia. Approximately
1,920 meters were drilled in eight core holes. Six holes tested the
Dead Honda zone and two, EH 11-04 and 05, were drilled in the
Senator zone.
Diamond From To Length Gold Copper Silver
Drill Hole # (m) (m) (m) g/t % g/t
EH 11-01 118.48 120.76 2.28 0.43 0.05 nil
EH 11-02 197.00 205.3 8.3 1.45 0.35 4.5
including:
201.70 205.3 3.6 2.35 0.29 4.2
212.7 218.3 5.6 0.77 0.33 3.0
including:
213.65 215 1.35 1.88 0.82 11.3
EH 11-03 5.11 9.00 3.89 0.62 0.14 3.8
114.91 115.45 0.54 2.70 0.23 4.9
264.26 285.60 21.35 0.35 0.11 2.0
313.23 317.16 3.93 0.27 0.48 nil
EH 11-04 No significant assays
EH 11-05 12.40 14.00 1.60 0.91 nil 13.4
EH 11-06 No significant assays
EH 11-07 98.85 101.05 2.65 6.66 0.46 7.0
104.82 105.70 0.88 1.84 0.50 8.7
109.00 109.66 0.66 4.23 1.53 23.3
121.20 130.15 8.95 2.11 0.39 7.0
EH 11-08 13.85 15.65 1.8 0.96 0.025 nil
57.57 69.38 11.80 0.41 0.04 nil
All holes drilled in the Dead Honda zone intercepted thick
intervals of hornfels and garnet+pyroxene+/-epidote skarn developed
in calcareous clastic and carbonate rocks of the Triassic Brooklyn
formation. These rocks are cut by numerous, post-mineral syenite
dikes and sills of possible Eocene age. Sulfide mineralization in
the skarn consists of disseminated and semi-massive
pyrite+pyrrhotite+/-chalcopyrite. A positive correlation is seen
between gold and copper grades.
Holes EH 11-01 and EH 11-06 were drilled at 240 degrees -50 dip
and 233 -50 dip, respectively, and were designed to test
north-northwest trending, east dipping skarn mineralization exposed
in trench TR07-17 (10.25 metres grading 5.31 g/t Au and 0.21% Cu).
The holes encountered weakly anomalous gold and copper
mineralization associated with strong garnet-pyroxene skarn, which
may represent the down dip extension of mineralization exposed in
the trench.
Holes EH 11-02 and 03 were each drilled from the same pad,
located approximately 160m east of EH 11-01, and were oriented at
233 degrees with dips of -50 and -70 respectively. The holes were
designed to test the down dip extent of mineralization cut in hole
95-4, which contained 2.7 g/t Au and 0.28% Cu over 27.82 meters.
Hole EH 11-02 encountered 8.3 meters of 1.45 g/t Au and 0.35% Cu
associated with strong garnet-pyroxene skarn alteration. Hole EH
11-03 cut a 21.35 meter zone of lower grade mineralization
associated with garnet-pyroxene skarn beginning at 264 meters,
which may represent the down dip extent of mineralization
encountered in Hole EH 11-02.
Drill holes EH11-07 and EH 11-08 were drilled along section, 75
and 150m southwest of hole EH 11-02, in order to determine the
orientation of the mineralized zone in holes EH 11-02 and 95-4.
Both holes encountered thick intervals of strong
garnet+pyroxene+epidote skarn alteration and sporadic Au and Cu
mineralization. The best intercepts were in hole EH 11-07, where
8.95 meters grading 2.11 g/t gold and 0.39% copper was cut
beginning at 121 meters. This interval correlates with the zone
encountered in hole 95-4, and suggests a north-east strike and 65
degrees east dip of the mineralized zone. The zone remains untested
along strike to the northeast.
Holes EH 11-04 and 05 were drilled at the Senator showing to
test gold and copper-bearing massive sulfide lenses exposed in the
south and west walls of the Senator pit. These flat-lying lenses
occur in Triassic Knob Hill chert and porphyritic volcanic rocks,
and are localized between two Eocene syenite sills. The holes
failed to cut massive sulfide mineralization, however hole EH 11-05
encountered 1.6 meters grading 0.91 g/t gold in silicified and
brecciated chert.
The drill program, including logging, drill core sampling and
QA/QC was supervised by Richard Parish, P.Geo., of Coast Mountain
Geological LTD. Core was logged and sampled in a secure facility in
Grand Forks, B.C. After being logged, each box was photographed and
core was split lengthwise in half using a diamond core saw. Samples
varied from 0.5m to 3.0m in length depending on geologic contacts,
degree of alteration and visible mineralization. Poly-bagged split
core was placed in security-sealed shipping sacks, which were
transported to Acme Labs in Vancouver, B.C. by Van Kam Freightways.
All samples were assayed for 36 elements using ICP-MS on a 15 gram
pulp. In addition to Acme's ISO compliant quality control program,
a comprehensive QA/QC program was undertaken by Coast Mountain
personnel. This involved insertion of blind certified standards,
blanks and duplicate samples at regular intervals to verify the
accuracy of results provided by Acme.
Further drilling is planned at the Seattle Showing later in the
year when conditions are optimum for access on the Trans Canada
Trail.
Jim Kermeen, M.Sc., P.Eng., a Director of Open Gold and the
Qualified Person for this release states, "I regard the Seattle as
the most promising of the six areas selected for detailed
exploration on the Eholt Project and look forward to the results
from the upcoming program."
Neither 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: Open Gold Corp. Hari Varshney Director 604-684-2181
info@opengoldcorp.com
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