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Au Gold Corp Announces Completion of Trench Sampling Program at its Ponderosa Gold Property in the Spences Bridge Gold Belt, British Columbia
(TheNewswire) Vancouver, British Columbia - TheNewswire - January 13, 2021 - ...
About this update from Au Gold Corp
[{"type":"text","content":"Au Gold Corp Announces Completion of Trench Sampling Program at its Ponderosa Gold Property in the Spences Bridge Gold Belt, British Columbia\n \n \n (TheNewswire)\n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n January 13, 2021 -\n \n \n Au Gold\nCorp\n \n \n (TSXV:AUGC) (“\n \n \n AUGC\n \n \n ” or the\n“\n \n \n Company\n \n \n ”)\n \n \n is pleased to announce the\nsubmission of a series of comprehensive channel and chip samples\ncollected from the Tomahawk Zone in late October, 2020 to ALS Global\n– Geochemistry Analytical Lab in North Vancouver B.C.  This work\nformed part of the recommendations presented in the Company’s\nrecently filed October 6, 2020 NI 43-101 compliant “Technical Report\non the Ponderosa Property”.\n \n \n \n \n Tomahawk Zone\n \n \n \n \n The\n \n \n Tomahawk Zone\n \n \n is the most\nadvanced and highest priority showing on the Property.  The area was\nidentified through historical prospecting as a quartz rubble pile\nroughly 3 m in diameter.  Six historical grab samples reportedly\nreturned from below detection to 0.54 g/t gold but no additional\nfollow-up work was conducted.  In 2019 the Company expanded the\ntarget scope by prospecting an additional six grab samples of\nepithermal quartz material further afield that returned values ranging\nfrom below detection limits to 2.96 g/t gold.  Subsequent hand\ntrenching identified in-situ epithermal style mineralization and\nalteration along a 55 m strike length and 15 m across the widest\ncontinuous exposure.  The vein zone remains open along strike and the\nfootwall contact has not yet been delineated.\n \n \n \n \n Mineralization and alteration assemblages are\ncharacterized by varying degrees of silicification, brecciation\n(silica cementing strongly clay altered and oxidized volcanic clasts),\nquartz flooding (resembling sheeted veinlets and narrow veins) and\nmassive silica exhibiting cryptocrystalline to weak crustiform banded\ntextures.\n \n \n The Company\ninterprets these textural characteristics as high-level epithermal\nindicators and is encouraged by the significant widths defining the\nzone.\n \n \n \n \n The Tomahawk vein zone strikes north-northeast and dips\nmoderately westward between 45 and 70 degrees.  Interpreted dips\nsu...