Business
High grade zinc discovery by Goldstake on McGarry project, Ontario, Canada
High grade zinc discovery by Goldstake on McGarry project, Ontario, Canada.
About this update from Greenridge Exploration Inc
[{"type":"text","content":"\n\n\n\nTORONTO, July 13 /CNW/ - Goldstake Explorations Inc. (Goldstake), TSX\nSymbol GXP, has received a report from consulting Geologist, Robert Dillman,\nP. Geo., which describes the results of his sampling of a section of the\nMcGarry, Ontario, Canada gold and diamond project, of Goldstake and\nTranspacific Resources Inc.\n\n\nThe highlight of this report is the discovery of a zone containing,\nhitherto unknown, high grade zinc of up to 11% Zn. The report is attached in\nfull herewith;\n\n\n"July 11, 2007\n\n\nRock Sample Results\n\n\nMcGarry Property, Ontario\n\n\nAnalyses of 15 rock samples have been completed by SGS Lakefield Research\nLimited. The rock samples were collected on the McGarry Property between June\n2nd and June 8th, 2007 during the final phase of the heavy mineral survey. The\nsamples were submitted to SGS on June 13, 2007.\n\n\nLow gold values were detected in eight rock samples, taken in various\ndiscrete sulphide zones discovered during the heavy mineral survey. Sample\nMC-3 which assayed 0.15 g/t Au and returned the highest value came from a\ncalcite vein in a pit located east of Stump Pond. The remaining seven samples\nassayed (less than)0.02 to 0.05 g/t Au.\n\n\nAu + 31 multi-element analyses were completed on seven rock samples\ncollected in a series of pits in heavy sulphide + sphalerite mineralization\noccurring on claim 3018239 located in the northwest corner of McGarry\nTownship. All seven rock samples showed good zinc values. Sample MC-9 returned\nthe highest value assaying 11% Zn (111,000g/t). Five samples assayed: 8%,\n5.4%, 2.9%, 2.8% and 1.9% Zn. Sample MC-14 which assayed 0.35% Zn showed the\nlowest value. All samples returned low but persistent copper values the best\nfound in MC-10 which assayed 0.42% Cu (4,200 g/t). Copper values for five\nsamples ranges 0.16 to 0.31% Cu. No significant concentrations of gold, silver\nor other base metals were detected in the seven samples.\n\n\nThe sulphide zone occurs in fragmental metavolcanic lavas and forms a\nzone of unknown dimensions. It is marked by a series of old pits and a shallow\nshaft excavated deep enough to require dewatering. The historic workings are\nfocused in an area measuring approximately 50 m x 25 m in size. Most of the\npits are collapsed and mineralization in outcrop is poorly exposed. The\norientation of the work suggests...