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Aura Silver Reports Complete Significant Grab Sample Assay Results Taken Over Past Four Years on Greyhound Project, NU
Manotick, Ontario--(Newsfile Corp. - February 5, 2018) - Aura Silver Resources Inc. (TSXV: AUU...
About this update from West Point Gold Corp.
[{"type":"text","content":"Aura Silver Reports Complete Significant Grab Sample Assay Results Taken Over Past Four Years on Greyhound Project, NUUp to 103 Grams Au per TonneManotick, Ontario--(Newsfile Corp. - February 5, 2018) - Aura Silver Resources Inc. (TSXV: AUU) (\"Aura Silver\" or the \"Company\") is pleased to report that grab sample assays for 2017 have been completed for the Greyhound property located in Nunavut, Canada. This project has been optioned to and operated by Agnico Eagle Mines Limited (\"Agnico Eagle\") since 2014. The following sections discuss the prospecting results from 2017 field work as well as the more significant surface results sampled by Agnico Eagle since the inception of the option agreement on June 1, 2014.Northwest Aura Lake OverviewThe 2017 rock sampling program, as shown on map 1, was conducted on a small area to the northwest of Aura Lake and confirmed the presence of the gold anomaly found in previous prospecting campaigns. Samples taken in this area have returned anomalous Au values with one sample returning 2.1 ppm Au and two samples returning 0.55 ppm and 0.59 ppm Au respectively. An iron formation has been mapped in the area which has been affected by the presence of a major fold hinge and faulting. This is highly encouraging for the program going forward. This northwest zone deserves more work during 2018 such as, detailed mapping and an Induced Polarization geophysical survey, followed by drilling if warranted.Map 1: Grab Samples Northwest of Aura LakeCannot view this image of Map 1: Grab Samples Northwest of Aura Lake? Please visit [http://orders.newsfilecorp.com/files/5717/32559_a1517763629945_19.jpg] to view this imageGreyhound Historic Results 2014 to 2017Quartz veins/breccias and silicified zones have been mapped across the property and are associated with ankerite veinlets within altered zones. The reported mineralization is open laterally at surface and close to the Meadowbank road. There is a potential for good grade and near surface tonnage because of the continuous and wide mineralized envelopes identified.Tables 1, 2 and 3 show all samples assaying better than 3 grams per tonne Au (being equivalent to 3.0 ppm Au) (2.9 ppm Au to 103.04 ppm Au), 300 grams per tonne Ag (up to 852 ppm Ag) and better than 1% Cu/Zn (up to 9.26% Cu and 18.48% Zn), all of which have been interpreted as anomalous. Many grab ...