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XAU Resources Inc. Announces Positive Results from Stream Sampling on Noseno Property, Guyana
Toronto, Ontario--(Newsfile Corp. - April 12, 2023) - XAU Resources Inc. (TSXV: GIG) (" XAU " or ...
About this update from Xau Resources, Inc.
[{"type":"text","content":"XAU Resources Inc. Announces Positive Results from Stream Sampling on Noseno Property, GuyanaToronto, Ontario--(Newsfile Corp. - April 12, 2023) - XAU Resources Inc. (TSXV: GIG) (\"XAU\" or the \"Corporation\"), is pleased to announce that it has received positive results from the bulk leach extractable gold (BLEG) stream sediments sampling program conducted on its Noseno property in northwest Guyana. The sampling program was successful in highlighting several areas with significant gold anomalism corresponding to favourable geology which warrants follow up exploration (Figure 1).Results HighlightsThe field sampling team collected 142 samples from early fall through to December of which 9 samples (95th percentile) returned BLEG values greater than 60ppb up to a high of 141ppb gold, and 27 samples (80th percentile) returned values greater than 45ppb gold. (Figure 1).\"We are pleased with the encouraging results of our BLEG program as the anomalous samples confirm geologically prospective areas (target areas 1 to 3). We look forward to continuing our sampling in the southeast and southwest corners of the Noseno property as well as first-pass soil sampling over the most prospective target areas identified by the recent BLEG program in our next exploration campaign,\" stated Peter Hambro, Chairman of XAU Resources.XAU BLEG Stream Sediment Sampling ProgramThe program's goal was to obtain stream sediment samples from stream drainage channels across the Noseno property as a first-pass assessment of the geological potential of the property to host significant gold mineralization. The survey method chosen, the \"bulk leach extractable gold\" also known as \"BLEG\"- style of stream sediment sampling and analysis was selected because the method is an extremely sensitive gold detection technique that can detect gold values down to one part per billion and can distinguish traces of gold in stream sediments up to 10 kilometres downstream of mineralization. Subsamples were also submitted for ICP multi-element analysis to determine enrichment in other economic and pathfinder elements potentially associated with gold. The results and methodologies are explained below. ResultsThe anomalous sample results are clustered in several parts of the property validating perceived areas of geological prospectivity (Figure 2). The strongest anomalism occurs...