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Desert Star Resources Signs LOI to Acquire Iron Butte Oxide Gold-Silver Project, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Desert Star Resources Ltd. (TSX VENTURE:DSR) ("Desert Star" or the "Company") is pleased to announc
About this update from Kutcho Copper Corp
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Desert Star Resources Ltd. (TSX VENTURE:DSR) (\"Desert Star\" or the \"Company\") is pleased to announce that it has entered into a Letter of Intent whereby it can earn 100% interest in the Iron Butte oxide gold-silver project located in Ladner County, north-central Nevada, approximately 60 kilometres south of Battle Mountain. Access and infrastructure to the project is excellent with power lines and State maintained roads within 4 kilometres of the property. Geology and Mineralization. Mineralization at the Red Ridge zone is outcropping at surface and contributes to the majority of the historically estimated oxide gold-silver resources. Three additional zones called the North Zone, South Zone and East Zone have all intersected similar styles of mineralization. Gold-silver mineralization is believed to be controlled by a series of north-south, north-northeast and east-west structures that host silicification and epithermal quartz-pyrite-gold-silver mineralization within Pennsylvanian to Permian siltstones and argillites of the Cedars Sequence and Tertiary felsic volcanic rocks. Mineralization is completely oxidized from surface up to 175 metres depth and continues as sulphides to depths beyond 250 metres. Mineralization is also disseminated between veins, silicified structures and brecciated zones, and can occur as silicified breccia zones at the contact between volcanic and underlying sedimentary rocks. Mineralization is thought to be epithermal in nature with some similarities to sediment hosted Carlin type gold systems with jasperoids and opaline silica present. Historical Work. Historical drilling was conducted between 1980 and 2009 by Homestake, Cameco, Newmont, Newcrest and C3 Resources, and included 211 reverse circulation (RC) drill holes totaling 31,614 metres. The results of the drilling indicate that a broad zone of gold-silver mineralization exists over an area 2,900 metres long, parallel to the range front, and 1,300 metres wide. Drilling to date has not delineated the full extents of the mineralized zones nor has it tested the potential for sediment-hosted mineralization at depth. Preliminary metallurgical work carried out by Aurelio Resources in 2009 consisted of simple bottle roll tests conducted by ALS Chemex labs and indicate that the oxide material l...