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Golden Odysseys's Surface Trenching of Peggy Structure Yields Encouraging Results
Golden Odysseys's Surface Trenching of Peggy Structure Yields Encouraging Results
About this update from Gunpoint Exploration Ltd.
[{"type":"text","content":"\nGolden Odysseys's Surface Trenching of Peggy Structure Yields Encouraging Results\n\n\n Aug. 11, 2009 (Filing Services Canada) -- Golden Odyssey Mining Inc. (GOE - TSX Venture), is pleased to announce that it has received positive geochemical results from its surface trenching program on the Peggy Structure at its Dome South Property in north-central, British Columbia. The Dome South property is centered approximately 45 km east of Smithers, British Columbia, adjacent to the former Dome Mountain gold-silver mine.The Peggy showing, a prospecting discovery made in 2007 by Christopher James Gold Corp., consists of silver-copper mineralization in a zone of altered limestone cut by numerous stringers of quartz-sulphides. Chip samples collected that year from a hand-dug trench graded up to 83.9 ppm Ag and 9620 ppm copper over 1 m. In 2009, an assessment of the mineralization exposed in the hand trench identified that the zone is subvertical and strikes at approximately 010 degrees. The Peggy showing is marked by malachite and azurite and consists of silicified grey limestone cut by numerous quartz stringers containing traces to less than 1% tetrahedrite, chalcopyrite, sphalerite, galena and pyrite.A limited mechanized trenching program along two short segments of existing nearby logging road successfully traced the continuation of the zone to the north and to the south. The mineralized structure has a defined strike length of more than 125 m and the zone is open in both directions. Channel sampling across the Peggy showing and across its extensions to the north (Upper Trench) and to the south (BQ Trench) are presented in Table 1. They characterize a well-mineralized silver-copper replacement zone within silicified limestone near the transition between intermediate flows and underlying felsic volcanics and siliciclastics. The Peggy structure is up to 2.27 m wide where exposed by hand, and appears to widen where sampled in the upper trench. The Peggy structure is also anomalous in arsenic, barium, lead and zinc. Gold is typically below detection, but samples from the BQ (barite-quartz) trench returned values up 0.021 ppm Au. While the results may not be considered ore grade, they do outline a new precious and base-metal mineralized structure near the well-known Dome Mountain gold-silver vein camp.Table 1.------------------------------...