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ArcWest Exploration Inc. Discovers High-Grade Epithermal Gold and Extends the Footprint of the Porphyry Copper-Molybdenum-Gold System, Teeta Creek Project
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2019) - ArcWest Exploration Inc. (TSXV...
About this update from Arcwest Exploration Inc.
[{"type":"text","content":"ArcWest Exploration Inc. Discovers High-Grade Epithermal Gold and Extends the Footprint of the Porphyry Copper-Molybdenum-Gold System, Teeta Creek ProjectVancouver, British Columbia--(Newsfile Corp. - June 20, 2019) - ArcWest Exploration Inc. (TSXV: AWX) (\"ArcWest\") is pleased to announce results of reconnaissance geological mapping and rock geochemical surveys on its Teeta Creek porphyry copper-molybdenum-gold project, northern Vancouver Island, British Columbia. The rocks collected were select grab samples from various outcrops spanning the property. Complete geochemical results for the 2019 program are included in Appendix A. Highlights of program results include:Mapping and sampling (45 rock samples) has now outlined a 900 by 500 meter zone of intensely altered porphyry dykes, multistage breccias and well-mineralized porphyry-style quartz-sulfide veins and stockworks. Copper (Cu) values range up to 0.473% (352-4730 ppm, averaging 0.16%) with molybdenum (Mo) values up to 310 ppm (1-310 ppm, averaging 61 ppm).Quartz-limonite veins within argillic altered porphyry returned gold (Au) values up to 21.1 grams per tonne (g/t) and silver (Ag) values up to 15 g/t.Newly exposed clay-pyrite altered breccias on recently staked claims at the north end of the property returned Au values up to 1.9 g/t and Ag values up to 3.7 g/t.Extensive, previously unsampled silica-pyrite-clay altered hydrothermal breccias along new logging roads at higher elevations south of the known porphyry system returned assays up to 1.035 g/t Au.The new discoveries of epithermal gold mineralization both north and south of the known porphyry suggest that the footprint of the system is significantly larger than previously recognized and now spans at least 3 kilometers north-south and 2 kilometers east-west. Furthermore, the discovery of chalcopyrite bearing, intensely quartz-sericite-pyrite altered porphyritic intrusions with remnant hydrothermal biotite at the lowest elevations on the property suggest potential for increasing copper grades at depth.ArcWest Exploration President Tyler Ruks comments:\"Our 2019 field program at Teeta Creek has delivered encouraging results, including the discovery of high-grade gold-silver mineralization, and the recognition that the footprint of the porphyry copper system on the property is far greater than previously thought. Disc...