Business
TIEX - Concludes drilling for 2011 on Gold Creek and Viewland projects, British Columbia, Canada
KELOWNA, BC, Dec. 21, 2011 /CNW/ - Tiex Inc. ("Tiex" or the "Company") (TSX-V: TIX), furthe...
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":"\n\n\n\n\n\nKELOWNA, BC, Dec. 21, 2011 /CNW/ - Tiex Inc. (\"Tiex\" or the \"Company\")\n (TSX-V: TIX), further to its December 1st, 2011 news release, is pleased to announce that its 2011 drilling\n campaign has concluded on the Gold Creek and Viewland projects. The\n Gold Creek and Viewland projects, located within the Quesnel Terrane of\n central British Columbia, represent bulk-tonnage, sedimentary-hosted\n gold and porphyry copper-gold targets, respectively. Currently only\n about 5% of the samples collected and sent for assay from the 2011\n drilling have been reported on by the laboratory. Tiex expects to have\n all the assay result back and its QA/QC check program completed in\n January, 2012.\n\n\nTiex Inc. President & CEO Ken Faulkner states, \"Having completed the\n first round of diamond and reverse-circulation drilling on the\n projects, I look forward to receiving assays results and geological\n interpretation. Initial assays from Gold Creek contain anomalous gold\n concentrations and initial assays from Viewland contain anomalous\n copper concentrations with abundant pyrite and chalcopyrite in cuttings\n of diorite to monzodiorite - good indications that we are in a porphyry\n system. We are very encouraged by these initial drilling results;\n however we require more results to make a more definitive statement on\n the geological potential on Gold Creek and Viewland. Over the short\n term we expect this to take shape as more assays results are disclosed\n to us.\"\n\n\nGold Creek\nGold Creek drilling totalled 2530.4 metres in 2011, Diamond Drilling\n (\"DD\") was used for 1037 metres, two twined holes from previous drill\n programs and three new locations to test selected drill targets. The\n remaining 1,493.4 metres were drilled using Reverse-Circulation\n Drilling (\"RC\").  These two methods were intended to improve rock\n recovery in intensely faulted zones which are known to contain gold\n mineralization.  Methodical diamond drilling proved to be very\n successful in recovering core from highly friable fault zones and\n initial assay results show that these intensely carbonate-altered fault\n zones contain gold.\n\n\nViewland\nIn the Viewland porphyry Cu-Au target area, a total of 1,043.9 metres\n from seven widely spaced reconnaissance RC drilling was completed.  The\n RC drill holes tested...