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Aura Announces Results from 2019 Program at Its Greyhound Property, Nunavut
Ottawa, Ontario--(Newsfile Corp. - May 27, 2020) - Aura Resources Inc. (TSXV: AUU) ("Aura" or ...
About this update from West Point Gold Corp.
[{"type":"text","content":"Aura Announces Results from 2019 Program at Its Greyhound Property, NunavutOttawa, Ontario--(Newsfile Corp. - May 27, 2020) - Aura Resources Inc. (TSXV: AUU) (\"Aura\" or the \"Company\") has received the results from the 2019 exploration program for the Greyhound project from the operating partner Agnico Eagle Mines Limited (\"Agnico Eagle\"). The 2019 target area, defined in Aura's press release dated April 30, 2019, contains conductive zones identified by the induced polarization (\"IP\") geophysical survey conducted in 2018 and are further supported by a review of data from a horizontal loop electromagnetic (EM) geophysical survey conducted by Aura in 2011 located just to the north. Three holes were drilled, GHD19-30, 31 and 32A, in 2019 (Figure 1) to test a series of sub-parallel IP anomalies that might represent the source of the volcanogenic massive sulfide (VMS) -style mineralized boulders that occur about 1 km to the west. These boulders, shown in Figure 1, contained up to 9.2% Cu and 18.4% Zn and are were glacially transported from east to west. The 2019 holes intersected subequal amounts of graphitic mudstone and intermediate volcaniclastic strata. The maximum gold value from this drilling was 1.09 g/t Au over 0.9 meters. Figure 1: Geology map illustrating most anomalous surface samples for Au, Ag and base metals, VMS-related geophysical conductor and potential drill sites. Geology modified from Zaleski, E., et al., 2003. Geology, Half Way Hills and Whitehills Lake area, Nunavut; Geological Survey of Canada, Map 1234A, scale 1:50,000.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5717/56611_3f33832bb4d5ca63_001full.jpgDr. James M. Franklin has reviewed the 2019 results and concludes that the sequence intersected in these holes probably represents a hiatus in volcanism, possibly related to the hanging wall of a VMS system. Aura DDH G11 - 31 (Figure 1) contains both base metal contents and alteration characteristics of a VMS footwall. Thus, the most prospective area for VMS mineralization may correspond to the untested Max-Min EM survey that is largely under the small lake to the north of these drill holes shown in Figure 1. Based on the data from DDH G11-31 and very limited outcrop data, this prospective area (VMS1; Figure 1) lies immediately to the west of the extensive fel...