Gold Lake Property, Grant County, New Mexico

 
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

 

Project Highlights

  • Large surface geochemical and geophysical anomaly

  • Potential for large-scale discovery

  • Located within Porphyry District with active mines – Tyrone, Chino

  • Continuous copper/molybdenum mineralization over 610 meters in drilling

  • Ore grade copper drill intercepts

  Click on image to enlarge

 

Gold Lake Regional Setting GL-02 Drill Hole Log GL-05 Drill Hole Log  
       

 

Gold Lake 43-101 Report March 2008
4.6 MB

Gold Lake Drill
Location Map

Gold Lake
SP, IP & Geochem Anomolies

 

 

 


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