Green
Springs - Potential
There is good potential to discover one or more economic gold deposits
within the Green Springs project area. Several factors point to this
conclusion:
- The gold-bearing hydrothermal system that generated previously
mined gold deposits at Green Springs is quite likely to have generated
more gold deposits that remain to be discovered.
- The project area displays a large area of hydrothermal alteration
with local strong geochemical anomalies.
- Very favorable host rocks, such as the Pilot Shale and portions
of the Chainman Formation, occur at depths amenable to open pit
mining over the majority of the property area. These stratigraphic
zones are yet largely untested.
- In drill holes and in separate isolated outcrops, it has been
demonstrated that the Pilot Shale carries ore-grade gold values.
- Ore-controlling faults not previously recognized have been identified,
and others are likely to be discovered. These faults may control
ore-grade mineralization at depth in the Pilot Shale.
- Land status and infrastructure are supportive of a mining operation.
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