Open Gold Corp.: Mobilization Regarding Drilling Program
(firmenpresse) - Open Gold Corp.: Mobilization Regarding Drilling Program
Vancouver, British Columbia – February 10, 2011 - Open Gold Corp. (TSX-V: OPG; Frankfurt: 5OG) ("Open Gold" or the "Company") is pleased to announce that crews have mobilized onto the Eholt Property located in the Boundary District near the communities of Grand Forks and Greenwood in Southern British Columbia in preparation for a 1500 metre diamond drilling program.
The Eholt Property consists of 16 claims covering 3000 hectares. Open Gold Corp. holds a 100% interest in the property, which hosts numerous mineralized zones. The most significant known showings on the property consist of copper-gold zones associated with sulphide mineralization in areas of skarn alteration (i.e. Dead Honda and Seattle showings). The Eholt Property is also host to mineralized shear zones (i.e. A-Zone), massive sulphide mineralization (i.e. Senator showing) and epithermal-style mineralization, veining and brecciation (i.e. Seattle epithermal).
Most of the previous exploration on the property has concentrated on the Dead Honda showing. Previous trenching and diamond drilling programs have returned intercepts of 2.70 g/t Au and 0.28% Cu over 27.82 metres (DDH 95-4) and 6.07 g/t Au and 0.35% Cu over 4.48 metres (DDH 95-6). Previous trenching intercepts have returned 10.25 metres grading 5.31 g/t Au and 0.21% Cu (TR 07-17) and 6.00 metres grading 5.20 g/t Au and 0.29% Cu (TR 96-1).
Skarn mineralization on the Dead Honda showing has only been tested over a strike length of less than 100 metres along strike, and the zone remains open in all directions. The 2011 winter drill program will be conducted to test the orientation of the mineralization in the Dead Honda showing and test the continuation both on-strike and at-depth. Mineralization at both the Senator and Seattle showings will also be tested during this program.
Diamond drill equipment is expected to mobilize onto the property by February 12th after road clearing with drilling to commence shortly thereafter.
About Eholt Property
The Eholt Property is a large (3,000 ha – 7,413 acre) gold and copper exploration property located near the communities of Grand Forks and Greenwood in the Boundary District of south central British Columbia. It lies 4 km northeast of the historic Phoenix Copper Mine which produced more than one million ounces of gold and 460 million pounds of copper during two separate 19 year periods of production. The district has also produced over 2.5 million ounces of gold from the Republic and Curlew areas in Washington State respectively 30 and 50 kilometres south of the Eholt property. The geological environments and styles of mineralization sourcing all this production are present on the Eholt property.
At the Dead Honda in the northwest part of the property mineralized skarn yielded drill intercepts of 27.82 metres grading 1.5 g/t gold and 0.28% copper and 6.0 metres grading 5.2 g/t gold and 0.29% copper and 10.25 metres grading 5.3 g/t gold and 0.21% copper. Mineralization remains open for testing in both directions along the recently interpreted strike and to depth.
At the Senator Showing in the central part of the property a series of massive sulphide lenses yielded surface trench assays of 7.5 metres grading 1.5 g/t gold, 0.29% copper, 5.4 g/t silver, 2.32% As and 2.0 metres grading 3.4 g/t gold, 4.2 g/t silver, 7.6 % arsenic. Extensions of this mineralization are hidden beneath over burden and the zone is untested by drilling.
The Seattle Showing in the eastern part of the property small historic workings tested skarn type mineralization around the periphery of a diorite intrusion. Previous surface drilling did not return significant grades but the program was poorly designed to test the zone. Recent surface grab samples returned gold values ranging from 5 g/t to 40.9 g/t gold. Further drilling is warranted.
Qualified Person
Jim Kermeen, M.SC., P.Eng., a Director of Open Gold Corp. is the Qualified Person for the Company, as defined by NI 43-101, and is responsible for the technical information contained in this release.
OPEN GOLD CORP.
For further information, please contact:
Hari Varshney, Director
Telephone: 604-684-2181
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leseranfragen:
OPEN GOLD CORP.
Suite 2050-1055 West Georgia Street
PO Box 11121, Royal Centre
Vancouver, British Columbia
Canada, V3E 3P3
Tel: +1 (604)684-2181
Fax: +1 (604)682-4768
Email: info(at)opengoldcorp.com
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Datum: 11.02.2011 - 13:59 Uhr
Sprache: Deutsch
News-ID 27921
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