TSX: GGL.V $ vol.

 

Gold and copper (BC)

Project Status

In 2008, on behalf of GGL, Aurora Geosciences Ltd. carried out an exploration program consisting of line-cutting and 67.3 kilometers of Induced Polarization (IP) ground geophysical survey.  In addition:

  • Three diamond drill holes, totalling 1,073 meters, were completed.  
  • One drill hole, in the southeast section of the property, averaged 0.384% Cu over 4.45 meters.  
  • Two drill holes in the north-central area of the property tested the south and north edge of an IP conductor. 
  • Disseminated pyrite was encountered to explain the conductor, accompanied by some geochemically anomalous copper and gold values.   
  • A new copper showing, containing bornite, was located by GGL's geologist in the south-central part of the property.  
  • A sample from the outcrop assayed 4.79% Cu, 0.695 grams/tonne Au, and 37 grams/tonne Ag.  This is a high priority area for future exploration.The company raised funds through a private placement flow-through financing in December 2007 for this project and future activities will be based on recommendations from the 2007 NI 43-101 technical report on this property. 

The 100% GGL-owned McConnell Creek property was acquired by GGL Resources Corp., formerly named Gerle Gold Ltd., in 1981.

The McConnell Creek property includes a geological environment that has the potential for hosting both large porphyry gold-copper deposits and large gold deposits consisting of high grade shoots within complex reticulating shear zones up to tens of metres wide and contains over 30 km with the potential to host gold shoots.  Exploration work on the property has confirmed the presence of widespread gold and copper mineralization of two separate types.

The McConnell Creek property is 15 km long, and covers a roof pendant of metamorphosed basic volcanic rocks and related sediments which is about 600 m wide and is bounded by monzodioritic rocks. Ultramafic rocks occur in the area.  The rocks of the roof pendant have been metamorphosed to amphibolite gneiss, and host several shear zones including the one hosting the main gold showing. High-grade copper showings are exposed along McConnell Creek west of the roof pendant.  This combination of mixed volcanic and sedimentary rocks cut by regional structures plus the presence of ultramafic rocks in the area greatly increases the importance of any gold and copper showings on the property.

Since 1983, the band of amphibolite gneiss has been explored by geological, geochemical and geophysical surveys on widely spaced lines and by trenching and diamond drilling.  Zones of gold-bearing quartz veins were partially outlined and the veins continue to depth and along strike beyond the drilled area.  Soil geochemical surveys were done to extend the gold-bearing zones and to explore for new ones.  The geochemical surveys revealed extensive copper-in-soil geochemical anomalies that only partially coincide with the known gold mineralization.  The main quartz zone appears to be only one of several gold-bearing quartz zones in a branching quartz vein system several kilometres long.

The 1983 soil sample results outlined gold-in-soil anomalies spatially related to the quartz veins plus irregularly scattered single-sample anomalies elsewhere in the area of the gneiss.  The soil samples were analyzed for gold only. In 1989, a program of more closely-spaced soil samples was done.  These later samples were analyzed for Ag, As, Au, Cu, Pb and Zn, but not for Mo, a metal of increasing interest in porphyry deposits.  It was decided that additional work on the available soil sample pulp rejects could give valuable information about metal distribution on the property.  The program of doing additional analyses was begun in 2005 by recovering and analyzing 1,605 samples that had been collected on the Central and South grids in 1989.  The approach was cost-effective, and it was decided to do a similar program on the area north of Snowslide Creek for which stored soil pulps were also available. Additional analyses were performed on stored pulps from 1,713 soil samples that had been collected in 1983.  These results were plotted on a series of 1:10,000 maps in order to compare the amounts of the various elements with each other and with the geology and geophysics.  In 1991, GGL staked a high-grade copper occurrence with Cu-Au porphyry potential exposed along McConnell Creek west of the roof pendant.  The copper occurs in a series of branching, sulphide-rich veinlets cutting granodiorite.

With the development of the large Cu-Au Kemess mine 15 km northwest of the McConnell Creek property, road access to the McConnell area has been greatly improved and a power line, which passes eight km west of the McConnell Creek property, services the mine. With this improved access and with high-grade copper mineralization outcropping along McConnell Creek, plus several copper-in-soil geochemical anomalies associated with the extensive gold-bearing quartz vein system, the McConnell Creek property has become a good exploration target.

There are areas of copper and gold mineralization and geophysical and geochemical anomalies that have not yet been tested.  The Cu-in-soil and Au-in-soil anomalies only partially exhibit a spatial relationship.  The gold is related to a series of branching conductors within the roof pendant, but the copper is more closely related to east-west cross faulting in the vicinity of the gold showings.  A separate area rich in copper lies three kilometres west of the gold showing adjacent to McConnell Creek. 

 Additional geochemical surveys, IP surveys and diamond drilling will constitute future exploration programs.  The geochemical survey should investigate the area between the gold showing and the copper showing and other areas where geochemical anomalies are open.

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