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International Prospect Ventures Provides an Update on Its Gold Prospects in Western Australia
Val-d'Or, Québec--(Newsfile Corp. - June 19, 2023) - International Prospect Ventures Ltd. ...
About this update from International Prospect Ventures Ltd
[{"type":"text","content":"International Prospect Ventures Provides an Update on Its Gold Prospects in Western AustraliaVal-d'Or, Québec--(Newsfile Corp. - June 19, 2023) - International Prospect Ventures Ltd. (TSXV: IZZ) (the \"Company\" or \"IZZ\"), is pleased to provide an update on its gold prospects in the Eastern Pilbara of Western Australia. The Company, through its wholly owned subsidiary Valroc Ventures Pty Ltd. (\"Valroc\"), currently holds 12 tenements (6 Exploration and 6 Prospecting licences) totalling approximately 14,890 hectares in the Eastern Pilbara Craton (the \"Properties\"), of which 11 overlie prospective areas of the Mosquito Creek Basin, referred to as the \"Mosquito Creek Properties\".The Mosquito Creek Properties are located between approximately 22 km and 55 km northeast of Novo Resources' Nullagine Gold Project and cover regional gold-bearing structural trends (e.g., the Middle Creek Fault & Blue Spec Fault zones, and the Eastern Creek & Woods Creek areas) with historically reported gold-bearing quartz veins and shear zones (DMIRS, WA). The Mosquito Creek Properties are proximal to Novo Resources' exploration projects, including the Parnell-Venture Trend (near Valroc tenements P46/2101 and E46/1390) which, on 21 January 2022, reported Reverse Circulation (RC) drilling results of 7 m at 7.75 g/t Au, 4 m at 10.19 g/t Au, and 8 m at 10.02 g/t Au. The Parnell-Venture Trend is part of Novo Resources' Nullagine Gold Project which is targeting brownfields exploration opportunities northeast of its Golden Eagle processing facility. Tenement Exploration (2019-2023)Exploration activities during 2022 were limited due to the continuing effects of the COVID-19 pandemic. However, the Company used a network of independent local prospectors (\"fossickers\") to complete metal-detecting to identify prospective areas and to gather information about gold-bearing and potentially gold-bearing structures on its tenements. This is a low-cost, but effective way to target specific areas and conventional exploration programs are being planned as circumstances and financings permit.Gold Nuggets and Visible Gold in Quartz VeinsSince 2019, the Company has engaged third-party prospectors to explore and report on results found on tenements within the Mosquito Creek Formation. To date, third party prospecting has reported more than 1,766 gold nugg...