Business
Commencement of 2014 Exploration Program on the Takla-Rainbow Property, B.C. Canada
(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / July 23, 2014 / Manado Gold Corp. ...
About this update from Insuraguest Technologies Inc
[{"type":"text","content":"Commencement of 2014 Exploration Program on the Takla-Rainbow Property, B.C. Canada(via Thenewswire.ca)\n\n \nVancouver, BC / TNW-ACCESSWIRE / July 23, 2014 / Manado Gold Corp. (\"Manado\") (TSX-V: MDO) (TSX-V: MDO) is pleased to announce that it has commenced the first phase of its 2014 exploration program on its Tackla-Rainbow Property to follow up on follow up on its successful 2013 drill program where hole number TR13-88 finished in a mineralised zone. \n\n\n \nThis program is a follow up to the 2013 drill program where the results of drill hole number TR13-88 indicated that there may be a porphyry-style copper and gold-bearing mineralized zone associated with pervasive siliceous and potassic flooding. The TR13-88 drill hole intersected 24.52 metres (66.0 to 90.52 m, end of hole) of mineralization grading 2.011 gpt gold, 2.0 gpt silver and 0.18% copper, including a 6-metre section (66.0 to 74.0 m) with an average grade of 4.225 gpt gold, 4.0 gpt silver and 0.35% copper (Note: these intercepts are drilling lengths, not true widths). \n\n \n \nThis phase will concentrate on re-logging and sampling the 8,000 metres of unsplit diamond drill core that remains on site originating from the pre-1992 Imperial Metals and Eastfield Resources drilling programs. This work will focus on identifying porphyry-style copper-gold mineralization that was not sampled during the previous exploration drilling. Manado will also carry out prospecting, geological mapping, and rock and basal till sampling within the known South and Red Zones. The South Zone has several large, untested copper-gold soil geochemical anomalies that may be reflecting a buried porphyry-style copper-gold mineralizing system. The Red Zone is situated 1.2 kilometres to the northwest and has known copper-gold mineralization typical of a calc-alkaline porphyry copper-gold system. Historic drill hole collars in these two zones have to be located and surveyed, plus the locations of reported geochemical and geophysical anomalies will be investigated for possible\n\n\n \nfuture drill testing.The program is expected to take approximately 10 days.\n\n \n \nDoug Blanchflower, P. Geo, is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and is responsible for the work program on the Takla-Rainbow Property. Mr. Blanchflower has rev...