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DeepRock Minerals Acquires Golden Gate Gold Project
VANCOUVER, BC / ACCESSWIRE / August 7, 2019 / DeepRock Minerals Limited (the “Company”) (CSE:DEEP), is pleased to announce the purchase by way of Option the Gol
About this update from Allied Critical Metals Inc.
[{"type":"text","content":"VANCOUVER, BC / ACCESSWIRE / August 7, 2019 / DeepRock Minerals Limited (the “Company”) (CSE:DEEP), is pleased to announce the purchase by way of Option the Golden Gate Gold Project in Eastern Canada. The Golden Gate Project is in Gloucester County about 11 km NW of Bathurst locally known as the Falls Grid. Access to the gold project is very easy via paved road off Highway #11. Likewise, access to the historic work undertaken on the project is in close proximity, within 1 km north of the main access road. The Golden Gate Project exemplifies Deeprock’s criteria for ideal gold exploration opportunities in eastern Canada. The project is comprised of three exploration blocks comprising 13 claim units totaling 270 ha. (668.11 acres). Autumn 2002, the project underwent a program of works consisting of the establishment of a grid of cut lines, geologic, soil geochemical surveys, lithogeochemical and geophysical surveys (Mag and VLF). This work was a success, thanks to the discovery of the mineralized erratic blocks (12% Zn, 4.03% Pb, 0.07% Cu, 280 g/T Ag and 1.18 g/T Au) and of gold anomalies in soil (up to 100 ppb Au). A trenching program executed during autumn, 2003 exposed brecciated rocks containing sulphides and containing up to 8 g/T Au, in association with altered mafic volcanic rocks of the Little River Formation. In 2004, the property was optioned by Acadian Gold Corporation which carried out additional trenching, executed Mag, VLF and P.P. surveys and undertook some drilling for a total length of 635 m (11 holes). The trenches revealed the presence of an altered, silicified, carbonatized (Fe-Carbonate) mafic volcanic lava flows, brecciated and sulphurized. Sulphides (mainly Py and Arsenopyrite) are visible in dissemination or concentration in veins and veinlets in filling of fractures. In 2004-2005, a second drill program of 8 holes totalling 579.80 m was executed in the same area. The zone bounded by the drilling holes and trenches measures approximately 100 m in length by 30 m in width. The drilling intercepted sedimentary and volcanic rocks. Gold is present in zones rich in Py-Asp. The best intersections obtained are 0.41 g/T In on 52.5 m, 1.52 g/T Au over 13.6 m and 2.54 g/T Au over 0.60 m. An alteration in hematite is strongly associated with the mineralization. Grab Samples of hematized rock taken in the trenches return...