The Gold Lake property is located in Grant County, New Mexico in the White Signal Mining
District near the small community of White Signal. The property is
approximately 10 km south-southeast of the Tyrone porphyry copper deposit
and 23 km west-southwest of the Chino and Santa Rita porphyry copper
deposits.
Gold Lake is situated in the southeastern portion of the Big Burro Mountains, which are a
block-faulted remnant of an east-west trending structural high known as the
Burro Uplift. The Big Burro Mountains are composed primarily of Precambrian
granite of the Burro Mountain batholith which has been intruded by numerous
Precambrian diabase dikes, the Tyrone quartz monzonite stock of early
Tertiary age and early Tertiary and rhyolite dikes and plugs. The Company
has identified a quartz monzonite intrusive phase within the Gold Lake
project area that intrudes the Saddle Mountain rhyolite plug suggesting a
possible Tyrone-age equivalent intrusive event within this area
The porphyry copper-molybdenum-gold target at Gold Lake is expressed through
surface geochemistry, strong porphyry-style alteration and a large Self
Potential (“SP”) geophysical anomaly. The Gold Lake property represents the
upper-level expression of a porphyry copper-molybdenum-gold system, with an
area of leached cap having been identified with elevated
copper-molybdenum-gold geochemistry over an area of approximately 2.9
kilometres by 1.0 kilometre. The first phase drill program was completed in
May, 2008 with positive results for copper and molybdenum.
Rock chip, and soil geochemistry identified areas of copper, gold and molybdenum enrichment
covering areas of over 4 square kilometers and supports the drill; targets
identified through mapping, rock chip sampling and IP and SP geophysical
work.
HDG completed a 6 hold, 2,100 meter drill hole program at Gold lake with
positive results for copper and molybdenum. Drill hole 2 intersected a long
section of molybdenum mineralization, and hole 5 encountered a zone of
copper enrichment. Results are summarized below.
|
Drill
Hole |
From
(meters) |
To
(meters) |
Thickness (meters) |
Copper
|
Molybenum |
Gold |
|
GL-2 |
360 |
610 |
250 |
190 ppm |
308 ppm |
|
|
GL-5 |
30.5 |
73 |
42.5 |
0.42% |
|
0.104
g/t |
|
Including |
61 |
73 |
12 |
1.18% |
|
0.016
g/t |
|
|
Gold Lake 43-101 Report March 2008
4.6 MB |
Gold Lake Drill
Location Map |
Gold Lake
SP, IP & Geochem Anomolies |
|
