This hole was drilled to test an electrical anomaly and a gold anomaly
detected by soil geochemistry. The cause of the electrical anomaly was a
fault zone found to be rich in graphite. Within 20 m of the fault, a
horizon was intersected consisting of graphitic argillite flooded with
quartz veins, and mineralized with pyrite (5-10%) and chalcopyrite. The
best assay results came from a 2.40-m-thick vein between 189.50 and
191.90 m along the drill core interval. From 185.50 to 193.00 m the drill
core interval averaged 517 PPB GOLD OVER 7.50M, INCLUDING A SUB-INTERVAL
THAT ASSAYED 911 PPB GOLD OVER 1.90 M.
- RLG-D14, located 400 metres south of RLG-D9, intersected a basement
conductor within an altered pelitic gneiss. The hole encountered a 40
metre wide graphitic zone, including several zones of massive graphite,
80 metres below the unconformity starting at a depth of 803 metres.
Previous downhole EM work on RLG-D9 indicated that another more
conductive zone might exist to the south - further analysis of the
ground survey data proved that interpretation to be correct. The NE
strike of the conductor appears to lead to an area where RLG-D8
intersected a graphitic conductor in 1999. An off-set in the basement
rocks of approximately 160 metres exists between the two graphitic
zones. Future exploration will attempt to locate the offset which could
be the focus of a hydrothermal event
Holes NK00-3, 4, 5 and 6 did not intersect mineralization. The targeted
geophysical anomalies are attributed to graphite or are unexplained.
Lots of companies have located graphite accidently. Their response is typically, NEXT.