Goldplay Mining Inc. (TSXV:AUC) (OTCQB:AUCCF) has discovered a vein system through its 2021 field programme on the Goldstorm South Project in British Columbia.
Formerly referred to as the Niut Mountain Project, Goldstorm South is located within four km from road access and 20 km southeast of White Saddle Air Services Ltd.’s permanent helicopter base in the western Chilcotin District of southwestern BC.
Highlights:
- discovery of Travler Gold vein system, assaying 21.8 grams per tonne (g/t) gold (Au) with 20.6 g/t silver (Ag) from grab sample
- three gold showings now known along a mostly unexplored, open 2.6 km extent of a subsidiary structure to the regional Tchaikazan fault system, an extension of the system associated with mineralisation in the Bralorne gold camp
- 0.44 to 1.77% copper (Cu) from six grab samples collected within a 260m area (yielding an average of 0.71% Cu), confirming mineralisation at Fly porphyry prospect
- anomalous copper ± molybdenum in talus fines suggests extension of the Fly prospect 750m to north
- drill permit application submitted.
“We are excited about our new gold-silver discovery along a mostly unexplored and highly prospective structure, and the confirmation of, and suggested continuity to, significant porphyry copper mineralisation at Goldstorm South,” President and CEO,Catalin Kilofliski, said.
“We are anticipating an exciting 2022 exploration programme on both our Goldstorm South and Big Frank Projects, based on the new discoveries made during our initial evaluation programs. A drill permit application for Goldstorm South has been submitted and a NI 43-101 Technical report has also been commissioned and will be available shortly.”
The Project was optioned by Goldplay in 2021 based on the presence of favourable alteration and extensive gossans with known porphyry copper style mineralisation (primarily the 1970’s era Fly prospect), and gold bearing vein type mineralisation (Harvey Gold, Fly Creek).
This was quickly followed by an early September two day field program consisting of an initial examination and evaluation of the Fly porphyry prospect, the Niut Mountain, Harvey Gold, Fly (Creek) and Downs showings and the northwest extension of the Harvey Gold showing with the collection of 63 rock and 100 soil (talus fine) samples by four geologists across the eight km long Project.
Orogenic Gold Zones (Harvey Gold, Fly Creek, new Travler Discovery)
The evaluation of the north-northwest extent of the Harvey Gold showing along the West Niut fault and follow up of quartz vein creek float, which returned from a 1987 sample, led to the 2021 discovery of the Travler showing, which comprises an open 70 by 50m zone of quartz vein and stockwork mineralization in talus blocks, host by potassically altered quartz diorite about 1.2 km north-northwest of the Harvey Gold showing.
Six rock samples (subcrop and float) collected from the showing ranged from 0.201 to 21.8 g/t Au, yielding an average of 6.16 g/t Au, accompanied by anomalous silver, lead and antimony.
Goldplay’s 2021 programme also outlined anomalous gold in talus fines extending for 700m along the banks of Travler Creek and as a 300m cluster approximately 300m to the northwest of the Travler showing.
The Travler, Harvey Gold and Fly Creek vein/stockwork/breccia showings on the Project are all located along an open ended 2.6 km long trend and appear to be related to the West Niut fault, much of which remains largely unexplored.
The West Niut fault is considered a subsidiary of the Tchaikazan fault, which represents the northwesterly extension of the fault system associated with mineralization within the economically important, orogenic type Bralorne gold camp (located about 140 km southeast of the Project and renowned as one of the highest grade, longest producing gold mines in British Columbia (https://taliskerresources.com/discover-bralorne-our-flagship/).
Porphyry Copper Molybdenum Zone (Fly Porphyry Prospect)
Samples by Goldplay along Fly Ridge in 2021 returned 0.44 to 1.17% Cu within a 260m area (yielding an average of 0.71% Cu) from the six rock grab samples collected and returned an average of 0.105% Cu over 400m from ten consecutive talus fines, confirming significant copper mineralization at the Fly prospect.
Anomalous copper of 395 to 698 ppm ± elevated molybdenum from Goldplay’s 2021 talus fine sampling also extends for 200m along the southern bank of Travler Creek, about 750m north of the Fly prospect. Additionally the private report from the only drilling completed on the Project (1973 diamond drilling of 679.7m in five holes) was located.
Previously only incomplete references to the programme were in the public record. It was found that the entire core from holes VF-2 and VF-3 intersected significant anomalous intercepts of 0.081% Cu over 134.1m and 0.065% Cu over 133.8m, respectively comprising a 75 by 150m north-northwest trending zone, open in all directions.
The discovery of the Travler showing, the confirmation of significant porphyry copper mineralisation and alteration at the Fly prospect (with evidence of continuity along trend) and the indication of additional porphyry style alteration (Niut Mountain) during the brief 2021 exploration programme, attests to the excellent potential for new discoveries on the Project.
For further information please visit: https://goldplaymining.ca/
