CENTRAL RESOURCES CORP.: SELWYN CREEK EXPLORATION RESULTS; ROCK SAMPLES RETURN UP TO 14.15 G/T GOLD


Central Resources Corp. has released results of the 2011 surface exploration program conducted at its LLL property located in the Dawson Range gold belt of southwestern Yukon. Highlights from the program include:

  • Discovery of highly prospective rocks grading between 0.697 and 14.15 grams per tonne gold from quartz veined samples;
  • Expansion of a 2010 soil geochemical anomaly — resulting in a 1,200-by-1,000-metre area of coincident, strongly elevated gold and arsenic values;
  • Identification of three new moderately to strongly anomalous areas of gold and arsenic soil geochemistry.

In 2011, prospecting at the LLL property identified a breccia zone that lies on the western edge of a broad ridge. This zone appears to be oriented subparallel to a geological contact between quartzite and gneiss, in an area where a porphyry dike cuts both units. Geologically favourable material typically ranges from weakly silicified fault breccia to strongly silicified hydrothermal crackle breccia. Visual mineralization includes arsenopyrite, minor stibnite and alteration minerals — scorodite, limonite and jarosite. This breccia zone has never been drilled or trenched and contains no outcrops. Limited sampling of mostly grass-covered talus returned encouraging values, including 0.697 g/t, 1.125 g/t and 14.15 g/t gold.

“These results are very exciting because we have discovered significant gold mineralization in rock samples located within a large gold-arsenic soil anomaly,” said Paul Reynolds, president and chief executive officer of Central. “These rock sample results range from anomalous to 14.15 g/t gold.”

Soil sampling expanded a zone of coincident, strongly anomalous gold and arsenic soil geochemistry, which encompasses the breccia zone and covers an area 1,200 metres long and 1,000 metres wide. Values from 2011 sampling in this anomaly range from 20 to 502 parts per billion gold in soil and 100 to 810 parts per million arsenic in soil. Antimony values within this zone were weak to strongly anomalous (five to 23 ppm). Gold and arsenic soil geochemical maps are posted on the company’s website.

Three additional soil geochemical targets comprising clusters of moderately to strongly anomalous gold and arsenic values have been identified elsewhere on the property. Values within these anomalies range from 20 to 391 ppb gold and 100 to 301 ppm arsenic. No follow-up prospecting has been done in the vicinity of these anomalies. The highest soil result on the property is an isolated gold value of 1,060 ppb.

Most of the LLL property is underlain by brittle graphitic quartzite, hornblende-biotite granite gneiss and two whitehorse suite granitic plutons. Quartz-feldspar porphyry dike swarms intrude all of these units. This geological setting resembles the setting at the nearby Coffee property of Kaminak Gold Corp.

Analytical work was done by ALS Chemex with sample preparation in Whitehorse, Yukon, and assays and geochemical analyses in North Vancouver, B.C. All rock samples were initially analyzed for gold by fire assay followed by atomic absorption and 35 other elements by inductively coupled plasma — atomic emission spectroscopy. Overlimit values for gold were determined by fire assay and gravimetric finish. All soil samples were analyzed for gold by inductively coupled plasma and atomic emission spectrometry, and the multielement analysis was done by ME-ICP41.

The 2011 program was conducted by Archer, Cathro & Associates (1981) Ltd. under the supervision of Heather Smith, PGeo. The technical information in this release has been reviewed by Ms. Smith, PGeo, and Mr. Reynolds, PGeo, president of Central, both of whom are qualified persons as defined by National Instrument 43-101.

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