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ST. ELIAS MINES LTD. TESORO GOLD PROJECT, PERU, 3D Geological Model Derived From Titan 24 Geophysical Survey
ST. ELIAS MINES LTD. TESORO GOLD PROJECT, PERU, 3D Geological Model Derived From Titan 24 Geophys...
About this update from Fnx Inc.
[{"type":"text","content":"\nST. ELIAS MINES LTD. TESORO GOLD PROJECT, PERU, 3D Geological Model Derived From Titan 24 Geophysical Survey\n\n\n Feb. 22, 2010 (TheNewswire.ca) -- Lori McClenahan, President of St. Elias Mines Ltd. (TSXV:SLI) (\"St. Elias\" or the \"Company\"), is pleased to announce that the Company has received the 3D DCIP Inversion Results (\"3D Model\") from Quantec Geoscience Limited (\"Quantec\") based on the recent Titan 24 Geophysical Survey conducted at the Tesoro Gold Project located in southwestern Peru. The 3D Model includes the five (5) Titan survey lines covering the northern portion of the property over Zona Canchete and Zona Central and identifies an ovoid (egg shaped) anomaly beneath Zona Central that is between approximately 300 - 500m thickness x 1,450m x 400m wide (open to the south.)The 3D Model can be viewed at the Company's website www.steliasmines.com under the \"Tesoro Gold Project\" section or by clicking on the following link http://www.steliasmines.com/titan24/3D_DCIP_Inversion.pdf..The 3D Model was derived from the results of the recent Titan 24 Geophysical Survey which successfully identified twelve (12) high priority targets and eight (8) zones second priority targets for follow up at the Tesoro Project. Several of the Titan 24 anomalies successfully correlate with areas where gold mineralization was previously discovered at Tesoro, particularly within the \"Tesoro Structural Corridor\", Zona Canchete, Zona Central, Zona Sur, Zona Incognito and Zona Este. The interpreted deep anomalies suggest the presence of significant mineralization and/or alteration zones at depth.About 3D Geological ModellingThe Titan 24 Geophysical Survey has provided a means to see deep targets in highly prospective terrain where the targets can be fully incorporated into sophisticated three-dimensional models. 3D subsurface earth models significantly increase the chances for drill success. Quantec and the Company can take Titan 24 results together with historical data and compile them into one up-to-date 3D model that allows for quick and decisive decisions about what to do next.Advanced explorers such as Barrick Gold (NYSE:ABX) (TSX:ABX) , Goldcorp Inc. (NYSE:GG) and FNX Mining Co. Inc. (TSX:FNX') (OOTC:FNXMF) (TSX:FNX) are all making use of the 3D models on a regular basis. Mining companies can choose the most prospective areas by int...