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E2Gold Discovers Gold Mineralization Extending East from McKinnon
Video summary of this release here . Rock exposures extending 2.5 km to the east o...
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[{"type":"text","content":"E2Gold Discovers Gold Mineralization Extending East from McKinnonVideo summary of this release here.Rock exposures extending 2.5 km to the east of the McKinnon Zone, indicating a potential doubling of the strike length of the ZoneDiscovery of an extensive chain of gossan outcrops west of Goldfields, spanning an area 500 m long and up to 50 m wideTORONTO, ON / ACCESSWIRE / July 20, 2023 / E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) geologists have discovered mineralized McKinnon-like rocks in outcrops along 2.5 km, east of the McKinnon Zone.1 Early assay results of up to 2 Au g/t indicates the gold-bearing zone continues eastward beyond the current McKinnon Resource.Dr. Eric Owens, CEO, stated \"Remembering that outcrops are poorly exposed in the vegetation-covered Boreal Forest, grab samples reflect a small window into gold systems compared to drilling. A surface sample of 2 Au g/t is a significant value and warrants follow up work. Connecting these new outcrops with the historic Dubroy grab samples (with more than 30 Au g/t) reveals a surface expression of mineralization in McKinnon-like rocks over a total 3 km stretch to the east. We are therefore recognizing a potential doubling of the strike-length of the McKinnon Zone.\" In the KB claims, geologic mapping and prospecting have identified multiple gossan and sulphide-bearing outcrops tracing for almost 500 m from east to west, still open at either end, ranging from 15 m to 50 m width (Figure 2). Located 4 km to the west of Goldfields, this represents a potential significant new target at the Hawkins project. Gossan is a product of weathered sulphides and is a common indicator of potential gold or base metal mineralization. The continuity and significant width of the occurrence is a good indication of a large footprint. Major deposits such as the Borden Lake deposit, for example, was recognized from a single outcrop of gossan.Figure 3: Outcrop of gossan in sheared amphibolite and tonalite with quartz veins in the KB claims. During this year's expanded surface program geologists noted higher concentrations of quartz-carbonate veins, as well as chlorite and limonite, in the western part of the property, where the gossanous shear zones occur. These minerals are suggestive of regional hydrothermal fluid flow, which along with deformation, is an environment favourable to finding gold and b...