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Essex Defines Large Drill-Ready Gold Targets at MT Turner and Compass CK. Plans for Second Stage of Option and Earn-In JV
Essex Defines Large Drill-Ready Gold Targets at MT Turner and Compass CK. Plans for Secon...
About this update from Optegra Ventures Inc.
[{"type":"text","content":"\n \n \n \n Essex Defines Large Drill-Ready Gold Targets at MT Turner and Compass CK. Plans for Second Stage of Option and Earn-In JV\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 4, 2021\n \n /CNW/ - Essex Minerals Inc. (the \"Company\" or \"Essex\") (TSXV: ESX) is pleased provide an update on Australian gold exploration earn-in joint venture with KNX Resources Ltd (\"KNX\").\n \n \n \n Highlights\n \n \n \n \n Integration of historical exploration data with initial surface sampling from the Mt Turner project area has defined drill-ready targets in the eastern Drummer Fault zone with the potential to host a >1,000,000-ounce gold resource with associated high-grade silver.\n \n \n \n \n In addition, re-interpretation of historical aeromagnetic and ground magnetometer data has highlighted the importance of E-W structures in controlling the precious metal mineralization in the entire Cumberland-Mt Turner region.\n \n \n \n \n This reinterpretation is considered of particular significance as:\n \n \n \n E-W structures played a key role in gold mineralization mined at the historical Cumberland Mine.\n \n \n The Drummer Fault zone is a major E-W structural zone hosting uranium and gold mineralization.\n \n \n E-W structures also appear to play an important role at the RBZ South Zone (Cumberland Project) where Hole 1 encountered 18.8 g/t gold and 160 g/t silver over\n \n 6.4m\n \n from\n \n 139.5m\n \n downhole, and follow-up Holes 7 & 8 intersected 12.2 g/t gold and 13.4 g/t silver over\n \n 0.5 m\n \n and 3.2 g/t gold and four g/t silver over\n \n 0.5 m\n \n respectively.\n \n \n \n \n At the Cumberland Project, additional detailed structural analysis and geophysics will be undertaken to better define fluid flow and the best trap sites for significant economic gold and silver mineralization.\n \n \n \n \n At the Compass Creek Project, integration of last year's airborne LiDAR survey with data from previous ground and airborne geophysical surveys has def...