Initial exploration program successfully
targets Carlin type gold mineralization at three areas in the
Kyrgyz Republic
KELOWNA, BC, Oct. 18, 2019 /CNW/ - Rockwealth Resources Corp.
("Rockwealth" or the "Company") (TSXV: RWR) is
pleased to announce that Realgold Resources Corp.
("Realgold") has updated results for its ongoing 2019
exploration on its Carlin-type gold portfolio project located in
the southwest Kyrgyz Republic (the
"Uluktau and Alai-Karabiy Gold Project"). This update
provides gold assay results received to date from core drilling and
channel sampling of surface trenches on three areas on Realgold's
high priority Uluktaui and Alai-Karabiy (North Karabiy and
Slantsevyi Klin) project. A total of twelve drill holes
have been successfully completed from surface and all assays
received; five holes at North Karabiy and seven holes at Slantsevyi
Klin. Of particular note is hole DH-SK-03_19 at
Slantsevyi Klin, which hit multiple intervals including
15m @ 3.2 g/t Au including
4m @ 6.1 g/t Au. Assays
have also been received from channel sampling on nine trenches:
five at North Karabiy and four trenches at Uluktau. Of particular
note is trench NK-4 at North Karabiy, which returned an
interval of 14m @ 7.8 g/t Au
including 3m @ 27.1 g/t
Au and trench UK-54 at Uluktau, which returned
an interval of 5.2m @ 15.3
g/t Au.
Program Highlights
North Karabiy Area
- Five holes completed in 512.1m
with two holes restarted due to technical problems with
drilling
- All holes intersected mineralized intervals in widths ranging
from 1.0 to 5.0m
- Results include hole DH-NK-5bis: 3m @ 5.3 g/t Au (149.0m to 152.0m),
including 1m @ 10.3 g/t Au
(149.0m to 150.0m)
- Sampling at five surface trenches completed
- All trenches intersected gold mineralization
- Results include trench NK-4 with intervals such as
14.0m @7.8 g/t Au including
3m @ 27.1 g/t Au
Slantsevyi Klin Area
- Seven holes completed in 284.9m
including one hole restarted due to technical problems with
drilling
- Four holes intersected gold mineralized intervals in widths
ranging from 1.0 to 15.0m
- Results include hole DH-SK-03_19 which hit multiple intervals
such as 15m @ 3.2 g/t Au
(9.0m to 24.0m) including 4m
@ 6.1 g/t Au (11.0m to 15.0m)
Uluktau Area
- Sampling at four surface trenches completed
- All trenches intersected mineralization
- Results include trench UK-63 with intervals such as
9.0m @5.9 g/t Au including
1m @ 25.6 g/t Au and 2m @ 7.7 g/t Au
Doug Kirwin, CEO of Realgold
commented, "This is a very positive exploration milestone
at our Uluktau and Alai-Karabiy Project and follows recent
high-grade drill results at Uluktau, where drilling in 2017 in hole
DHU-08-2017 intersected 21m @ 33.7
g/t Au. Our portfolio, situated in the southwest area of the
democratically elected, politically stable and pro-mining
Kyrgyz Republic, lies within the
Tien Shan Mineral Belt. Realgold's extensive portfolio covers
90% of the newly recognized and underexplored Carlin-type gold belt
in the Kyrgyz Republic and
importantly, our drilling and trenching programs continue to
confirm the strong potential of our properties."
Technical Details
Alai Group
The Alai group constitutes a land package that covers 10,909
ha. Alai is comprised of four separate areas; The North
Karabiy area is part of the Alai group. Karabiy is located on
the western extent of Alai and North Karabiy represents the
northern region of Karabiy. The property is located is immediately
east of the city of Kadamjai. Access to the area is from Osh
via the national highway to Kadamjai and then by provincial roads.
The area is sub mountainous terrain with local relief ranging from
1100m to 1900m.
The Alai-Karabiy area and environs were extensively studied and
prospected by the Soviets for antimony, mercury and arsenic, with
the most modern exploration conducted in the 1960s through to the
1990s. Antimony-mercury mineralisation was established within
a set of stibnite-cinnabar-bearing jasperoid horizons associated
with thrust faults. These jasperoidal rocks form relatively thin,
brecciated, lenticular horizons associated with thrust faults and
proximal to the contact of the Carboniferous limestone formation
with the Siluro-Devonian sediments. These thrust faults are offset
laterally in an imbricate NE-SW pattern by a later stage of
faulting.
North Karabiy
In 2019, a total of five core
holes were completed on North Karabiy, which included 2 restarts
where holes were prematurely terminated due to technical issues
with drilling. In addition, a total of 5 surface trenches
were exposed, mapped and channel sampled. Results of the
drill holes are detailed in Table 1 and results of surface
trenching are detailed in Table 2.
Composite Parameters
- Minimum Width: No minimum width
- Interval Grade Cut-Off: 1 g/t Au
- Maximum Interval Internal Dilution: Maximum of 1 sample <1
g/t Au
Composite Parameters
- Minimum Width: No minimum width
- Interval Grade Cut-Off: 1 g/t Au
- Maximum Interval Internal Dilution: Maximum of 1 sample <1
g/t Au
Hole by Hole Summary
DH-NK-1-19
DH-NK-1-19 was collared as a
vertical hole designed to confirm the mineralized zone exposed in
trench 19NKT01 (9 m @ 8.37 g/t)
and completed to a depth of 40.0m. A
weakly anomalous gold value was intersected within a brecciated and
jasperoidized limestone. Anomalous pathfinder elements of
arsenic, thallium and antimony were encountered in this interval
grading; 180 ppm As, 3 ppm Tl and 3,022 ppm Sb.
DH-NK-2-19
DH-NK-2-19 was an angled hole
designed to confirm the mineralized zone exposed in trench
19NKT03 (6 m @ 2.02 g/t) and
completed to a depth of 29.0m.
Gold mineralization was intersected in the top of the hole from
0m to 1m depth grading 1m
@ 1.2 g/t Au in jasperoids. Anomalous pathfinder elements of
arsenic, thallium and antimony are present in this mineralized
interval with grades over the interval of; 1,756 ppm As, 9 ppm Tl
and 850 ppm Sb. From 0m to
6m, a zone of weakly anomalous gold
mineralization returned 6m @ 0.6 g/t
Au. Anomalous pathfinder elements of arsenic, thallium and
antimony are present in this mineralized interval with grades over
the interval of; 1,525 ppm As, 7.5 ppm Tl and 647 ppm Sb.
DH-NK-3-19
DH-NK-3-19 was an angled hole
designed to confirm the mineralized zone exposed in trench 19NKT02
(3 m @ 5.48 g/t) completed to a depth
of 38m. Gold mineralization was
encountered in a zone of tectonic breccia with fragments of
siltstone and sandstone and limonitization in fractures within
fault gouge in an interval of 2m @
6.2 g/t Au (0.0m to 2.0m depth). Anomalous pathfinder elements
of arsenic, thalium and antimony were elevated in this zone with
grades of; 2,249 ppm As, 11.5 ppm Tl and 58 ppm Sb.
DH-NK-4-19
DH-NK-4-19 was an angled hole
designed to confirm the mineralized zone exposed in trench 19NKT04
(14 m @ 7.79 g/t), terminated at a
depth of 5.7m due to problems with
the drill. Gold mineralization was encountered in a
narrow interval 0f 0.7m @ 4.6 g/t Au
within jasperoid. Anomalous pathfinder elements of arsenic,
thalium and antimony were encountered in this interval with
interval grades of; 2,391 ppm As, 12 ppm Tl and 92 ppm Sb.
The entire interval consisted of tectonic breccia with blocks and
fragments of jasperoid.
DH-NK-4bis-19
DH-NK-4bis-19 was an angled hole
designed to confirm the mineralized zone exposed in trench 19NKT04
(14 m @ 7.79 g/t) and completed to a
depth of 50.6m. The hole was a
redrill of DH-NK-4-19. Two intervals of gold mineralization
were encountered in this hole. Gold mineralization was
intersected from 4.0m to 9.0m grading 5m @
2.7 g/t Au in a tectonic breccia with jasperoid. Within this
interval, elevated pathfinder pathfinder elements of arsenic,
thallium and antimony graded; 758 ppm As, 5 ppm Tl and 21,543 ppm
Sb . Stibnite was found throughout this interval (as
pockets and veinlets and also disseminated). A second zone of
gold mineralization was intersected from 36m to 38m grading
2m @ 1.6 g/t Au within a limonitized
tectonic breccia consisting of sandstone and siltstone
fragments. Within this interval elevated pathfinder elements
of arsenic, thallium and antimony graded; 2,669 ppm As, 12.5 ppm Tl
and 105 ppm Sb.
DH-NK-5-19
DH-NK-5-19 was collared as a
vertical hole designed to confirm the mineralized zone intersected
by historic Soviet-era DH 46 (7.83 g/t Au @ 7.95 m) and DH46а (7.4 g/t Au @ 15.3 m). The hole was terminated at 164.0m due to drill breakdown. No downhole
survey data exists for these historic Soviet holes, so positioning
of historic mineralization is unknown. Gold
mineralization was encountered in a 3m wide interval from 148m to 151m
(3.0m @ 1.1 g/t Au) hosted in a
brecciated black, carbonaceous and pyritized shale above
jasperoids. Within this interval elevated pathfinder elements
of arsenic, thallium and antimony graded; 1,035 ppm As; 8 ppm Tl;
and 75 ppm Sb.
DH-NK-5bis-19
DH-NK-5bis-19 was collared as a
vertical hole designed to confirm the mineralized zone intersected
by historic Soviet-era DH 46 and DH46а. No downhole survey data
exists for these historic Soviet holes, so positioning of
mineralization is unknown. The hole was completed to a depth
of 184.8m. Three zones of gold
mineralization were encountered ranging in widths from 2m to 3m in this
hole. An upper zone was intersected in jasperoid breccia
above limestone from 138m to
140m grading 2m @ 2.6 g/t Au and with elevated pathfinder
elements of arsenic, thallium and antimony grading; 1,230 ppm As, 9
ppm Tl, and 1,857 ppm Sb. A unit of tectonic breccia with
fragments of black, silicified, carbonaceous and weakly pyritized
shale, jasperoid and sandstone was encountered from 149m to 166m with
elevated pathfinder elements of arsenic, thallium and antimony
grading; 929 ppm As, 6.35 ppm Tl, and 2,059 ppm Sb over the
interval. Two gold mineralized zones were encountered in this
interval with the upper zone (149m to
152m) grading 3m @ 5.3 g/t Au and the lower interval
(163m to 166m) grading 3m @
1.4 g/t Au.
Slantsevyi Klin
The Slantsevyi Klin area is
part of the Karabiy area of the Alai group. Slantsevyi Klin is
located on the western region of Karabiy.
In 2019, a total of six core holes were completed on North
Karabiy, which included 1 restart where the hole was prematurely
terminated due to technical issues with drilling. Results of
the drill holes are detailed in Table 3.
Composite Parameters
- Minimum Width: No minimum width
- Interval Grade Cut-Off: 1 g/t Au
- Maximum Interval Internal Dilution: Maximum of 1 sample <1
g/t Au
Hole by Hole Summary
DH-SK-1-19
DH-SK-1-19 was an angled hole
designed to confirm the mineralized zone exposed in trench 18SKR02
(29 m @ 2.95 g/t) and completed to a
depth of 46.2m. The hole
encountered jasperoid from surface to 9.15m and followed by limestone from 9.15 to the
end of hole. Anomalous gold values of 10m @ 0.3 g/t Au in jasperoid were encountered in
the top of the hole. Anomalous important pathfinder elements
including arsenic, thallium and antimony are present within this
mineralized interval with average interval grades; of 1,023 ppm As,
13.7 ppm Tl, 79.3 ppm Sb.
DH-SK-2-19
DH-SK-2-19 was an angled hole
designed to confirm the mineralized zone exposed in trench 18SKR02
and completed to a depth of 23.5m. The hole was drilled south to north
towards hole DH-SK-1-19. The hole encountered jasperoid from
surface to 13.4m and followed by
limestone from 13.4m to the end of
hole. A mineralized interval of 3m @ 1.3 g/t Au was intersected in jasperoid at
the top of the hole. Anomalous important pathfinder elements
including arsenic, thallium and antimony are elevated within this
interval with average grades of; 1,372 ppm As, 15.7 ppm Tl; and
1,936 ppm Sb.
DH-SK-3-19
DH-SK-3-19 was an angled hole
designed to confirm the mineralized zone exposed in trench 18SKR10
(71 m @ 2.74 g/t) and completed to a
depth of 80.0m. The hole intersected
jasperoid from the top of hole to 43m
and followed by limestone from 43m to
end of hole. Multiple zones of gold mineralization were
encountered in the jasperoid between 3.0 to 43.0m depth with interval widths ranging from
4.0m to 15.0m wide. Anomalous pathfinder elements
of arsenic, thallium and antimony were present throughout the
entire jasperoid unit with grades over a 40m interval (from 3.0m to 43.0m) of;
1,767 ppm As, 13.86 ppm Tl, and 1,049 ppm Sb.
DH-SK-4-19
DH-SK-4-19 was an angled hole
designed to confirm the mineralized zone exposed in trench 18SKR10
and completed to a depth of 55.0m.
The hole was drilled from south to north towards DH-SK-3-19. The
hole intersected jasperoid from 1.55m
to 9.2m and limestone from
9.2m to end of hole. Anomalous
gold values of 9m @ 0.13 g/t Au
within the jasperoid at the top of the hole was encountered.
In addition, pathfinder elements of arsenic, thallium and antimony
were elevated in this interval with average grades of; 791 ppm As,
7.1 ppm Tl and 127 ppm Sb.
DH-SK-5-19
DH-SK-5-19 was an angled hole
designed to confirm the potential of a north-south trending feeder
structure, located west of the mineralized zone exposed in trench
18SKR10 and terminated at a depth of 16.0m due to technical problems with the
drill. Jasperoid was encountered at the top of hole to the
end. A narrow zone of gold mineralization of 1m @ 1.2 g/t Au was encountered at the top of
hole. Anomalous pathfinder elements of arsenic, thallium and
antimony were elevated in this interval, with grades of; 1,626 ppm
As, 7 ppm Tl, and 872 ppm Sb.
DH-SK-5bis-19
DH-SK-5bis-19 was an angled hole
designed to retest the target from DH-SK-5-19 and terminated at a
depth of 18.9m due to technical
drilling problems. Jasperoid was encountered at the top of hole to
the end. Gold grades did not exceed 0.096 g/t.
DH-SK-6-19
DH-SK-6-19 was a vertical hole
designed to confirm the mineralized zone exposed in trench 18SKR18
(17 m @ 1.86 g/t) and completed to a
depth of 45.3m. The hole intersected
jasperoid from the top of hole to 8.7m and followed by limestone from 8.7m to end of hole. Gold mineralization was
encountered in jasperoids near the top of the hole from
1.2m to 3.0m depth (1.8m @
1.8 g/t Au). Anomalous pathfinder elements of arsenic,
thallium and antimony were elevated within this interval with
grades of; 1,638 ppm As; 12 ppm Tl; and 183 ppm Sb.
Surface trenches were exposed and sampled on both the North
Karabiy and Uluktau areas, with strongly mineralized results
encountered on both properties. Results of trenching are
detailed below in Tables 3 and 4.
Uluktau Group
The Uluktau area covers 6,147 ha. The property is located
38 km west southwest of the provincial capital city Osh. Access to
the area is via national highway and provincial roads. The area is
largely rolling hills with the steeper parts associated with
limestone outcrops.
Uluktau contains the abandoned Chonkoi mercury mine in the
eastern part of the license. The mine operated during Soviet times,
which in turn led to an extensive drilling campaign in the
surrounding district in search of other mercury deposits by the
Soviets. This work included geologic surface and underground
mapping at various scales and drilling (485 diamond drill holes
within or nearby the Uluktau license area).
In 2019, a total of 4 surface trenches were exposed, mapped and
sampled. Results of trench sampling is detailed in Table
4.
Composite Parameters
- Minimum Width: No minimum width
- Interval Grade Cut-Off: 1 g/t Au
- Maximum Interval Internal Dilution: Maximum of 1 sample <1
g/t Au
All core measurements reported in this news release are
down-hole, and not representative of true-thickness. At this
early stage of exploration, true thicknesses are unknown.
Quality assurance / quality control (QA/QC) measures included
samples from the drill core are cut in half by core saw in half
sections on site and where possible, samples are standardized at
1.0m down-hole intervals. One-half of
the split sample is sent for assaying and half remains on site for
reference. Channel samples in trenches are continuous
samples, and where possible are standardized at 1.0m intervals. All samples were sent to
Stewart Assay and Environmental Laboratories LLC in Kara Balta, Kyrgyz
Republic (which is independent of Rockwealth and Realgold)
for analysis which includes fire assay for gold, Au-AA25, 30g fire
assay-lead collection with AA finish, with a detection range of
0.01-100ppm. The internal QA/QC program at this independent
laboratory includes routine duplicate, blank, and certified
reference standard analysis throughout the sample preparation and
analysis. Realgold did not detect any significant QA/QC issues
during its review of the data.
Qualified Person
The scientific and technical
information contained in this news release as it relates to
Realgold and its properties has been reviewed and approved by
Doug Kirwin, CEO of Realgold and a
"Qualified Person" as defined in National Instrument 43-101 –
Standards of Disclosure for Mineral Projects. Mr. Kirwin
verified the data disclosed which includes a review of the
analytical and test data underlying the information and opinions
contained therein.
About Realgold Resources
Corp.
Realgold has assembled an extensive land portfolio in the
Kyrgyz Republic with Carlin type
potential. The 16 properties in 28 licenses covering 274,124 ha is
situated within the prolific Tien Shan gold belt and was acquired
by staking. The orogenic gold deposits of the Tien Shan Mineral
Belt include some of the largest economic gold accumulations in the
world. The region is host to several giant gold deposits, including
the world's single largest operating gold mine (Muruntau in
Uzbekistan) to the west and the
giant Kumtor mine in eastern Kyrgyzstan to the east end of the belt.
Carlin type deposits are the most important source of gold in
the United States and the Tien
Shan belt within the Kyrgyz
Republic is now recognized as hosting the 2nd largest
confirmed Carlin terrain in the world. Realgold licenses
cover 90% of newly recognized and unexplored Carlin type gold
belt.
Qualified Person
The scientific and technical information contained in this news
release as it relates to Rockwealth has been reviewed and approved
by Ross McElroy, a director of the
Company and a "Qualified Person" as defined in National Instrument
43-101 – Standards of Disclosure for Mineral Projects.
ON BEHALF OF THE
BOARD
Realgold Resources Corp.
Douglas Kirwin
Chief
Executive Officer
Rockwealth Resources Corp.
Dev Randhawa
Chief Executive
Officer
Phone: 1-250-868-8177
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 news release.
Cautionary Statement:
Certain information contained in this press release
constitutes "forward-looking information", within the meaning of
Canadian legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur", "be
achieved" or "has the potential to". Forward looking
statements contained in this press release may include statements
regarding the potential of the properties, the future operating or
financial performance of Realgold which involve known and unknown
risks and uncertainties which may not prove to be accurate. Actual
results and outcomes may differ materially from what is expressed
or forecasted in these forward-looking statements. Such statements
are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. Among those factors
which could cause actual results to differ materially are the
following: market conditions and other risk factors listed
from time to time in our reports filed with Canadian securities
regulators on SEDAR at www.sedar.com. The forward-looking
statements included in this press release are made as of the date
of this press release and the Company and Realgold disclaim any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable
securities legislation.
SOURCE Rockwealth Resources Corp.
