Midex Gold Provides Geological Details Outlining the Potential of The
New Golden Hills Property
(Thomson Reuters ONE) - Midex Gold Provides Geological Details Outlining the Potential of TheNew Golden Hills PropertyDAR ES SALAAM, TANZANIA, October XX, 2009 - Midex Gold Corp.(MXGD-OTCBB www.midexgold.com), management provides an overview abouttheir recent purchase of 100% of the Golden Hills gold property. "Weare providing our shareholders with detailed geological informationto show the potential that our geologists believe this property hasto become a successful mining operation," stated Morgan Magella,president of Midex Gold.GOLDEN HILLS PROPERTYThe Masonka Greenstone Belt is part of the E-W to WNW-ESE-trendingUndewa-Mafulungu Corridor, which comprises of a 4 km wide by 12 kmlong belt of exposed and deeply weathered Neoarchaeangreenschist-amphibolites facies felsic, mafic and ultramaficigneous-sedimentary rocks. The Belt is part of the discontinuous,linear magmatic-sedimentary rocks whose geometrical setting iscomparatively analogous to the supracrustal belts of South West,Southern Cross and Murchison Gold Provinces in the Vilgarn Craton ofWestern Australia. Although the latter are characterized by lowproportions of greenstones, similar to Masonka, they host large golddeposits such as Boddington, Marvel Lock and Mount Magnetrespectively. Masonka Greenstone Belt displays terrane-scalegeological settings defined by relatively incompetent, bimodalvolcanic rocks, syn- to late-orogenic amphibole-granitoid and late-to post-kinematic K-feldspar granitoids. Competent belts of gneisses,migmatite and granulite bound the Masonka Greenstone Belt to thenorth and south.THE PROSPECTIVITY OF THE MASONKA GREENSTONE BELTThe Golden Hills License Area is situated in Masonka Greenstone Belt,which is part of the Undewa-Mafulungu Corridor; and is underlain bymigmatite and biotite-gneiss terrains, mafic-ultramafic igneous andsedimentary rocks. The Belt is underlain by bimodal-volcanic rocks,which evolved via tintra-cratonic plume-related extensional magmatismor subduction-related continental rifting processes.Apart from the local geological setting, the Masonka Greenstone Beltis comparatively similar in terms of setting, with well-researchedgold camps such as the:* Hemlo's >150 T Au deposits in the Wawa Belt; and Kirkland Lake in the Pontiac Belt Canada* Boddington, Plutonic, Day Down, Marvel Loch and Mount Magnet mines in Western Australia* Big Bell, in Arizona, United StatesGEOLOGICAL SETTINGThe Masonka Greenstone Belt is distinguished from high-grademetamorphic belts of the Dodoma Group of central Tanzania by itsspecific terrain geology, geometrical orientation and alterationminerals.The geology of the Golden Hills license area is defined by stronglydeformed greenshist to garnet-amphibolite-facies intermediate toultramafic igneous-sedimentary rocks, syn- to late- orogenicamphilbole-granitoids. The belt is traversed by networks ofNW-SE-trending higher-order brittle-ductile shears, myfonite zonesand fault splays bounded by relatively lower order major tectonicboundaries. These rocks are crosscut by NE-SW-trending cross-faultsand mafic dykes and late to post-kinematic potassic-feldspargranitoids.Apart from the basaltic to rhyolitic rocks, the Masonka GreenstoneBelt is underlain by horizons of gossan after massive sulphide,fuschitic / sulphidic chert and quartzite, interbands of peliticsedimentary / volcanic rocks and BIFs.STRUCTURE AND MINERALZATIONAt prospect-scale, tight to isoclinals and drag folds are preservedin pelitic-volcano-sedimentary rocks, extensive shear zones atcontacts between greenstones and amphibole-granite, betweengreenstones and internal granitoid and dolerite sills are locallyultra-mylonitic. The later is well-developed at the contract betweenfootwall basalts and intermediate volcanic rocks and between maficgreenstones and amphibole granitoids.MINERAL ALTERATIONMajor alteration minerals including stockwork and veins,silicification, epidote, actinolite-tremolite, chlorite andsulphidation are evident in the license area:* Extensively bleached zones of potassic alteration* Silicification / associated quartz-vein / stringers* Areas of very strong fracture filling and disseminated pyrite / arsenopyrite and pyrrhotite* White and smoky quartz veins with slivers of sheared country rocks with coarse-grained fracture filling and blebby pyrite* Sulphidation including arsenopyrite, pyrite and chalcopyriteDisseminated and fracture-filling pyrite, arsenopyrite andchalcopyrite are among the common sulphides occurring in stronglysheared dolerite and mylonitic mafic rocks. Abundant quartz stringersand stockwork quartz veins are common in andesitic to basalticandesite.GEOLOGICAL SUMMARYThe Masonka Greenstone Belt's greenshist-amphibolite faciesgreenstone lithologies survived tectonic burial, uplift and erosionin the high-grade metamorphic belts of the Ilangali-Undewa Corridorin the Dodoma Schist Belt. Major Au-Ag-As in soil geochemicalanomalies in the over 4 km wide by 12 km long Masonka Greenstone Beltis partly coincident with zones of multiple deformed greenshist toamphibolite facies greenstone belts. Networks of shear-foliated andmylonitic zones form part of the fault splays off the major terraneboundaries mapped and interpreted at the contacts between greenstonesand amphibolite-granitoid.About MIDEX GOLD CORP.Midex Gold is positioned to take advantage of Tanzania's rich mineralresources by developing a select portfolio of near-term gold anddiamond production projects. With the company's network of strategicrelationships with senior mining professionals and governmentofficials in Tanzania, it is poised to identify key mining concessiontargets that are ready to be developed.forward looking statementNo Exchange has either approved or disapproved of the informationcontained herein. This news release may contain forward-lookingstatements based on assumptions and judgments of management regardingfuture events or results that may prove to be inaccurate as a resultof exploration and other risk factors beyond its control and actualresults may differ materially from the expected results. The Companydoes not expect to update forward-looking statements continually asconditions change. Important factors that could cause actual resultsto differ materially from the Company's expectations are disclosed inthe Company's quarterly filings with the SEC and other periodicfilings.For further information please contact:Investor RelationsMidex Gold Corp.Email: info(at)midexgold.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 19.10.2009 - 21:57 Uhr
Sprache: Deutsch
News-ID 7082
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 472 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Midex Gold Provides Geological Details Outlining the Potential of The
New Golden Hills Property"
steht unter der journalistisch-redaktionellen Verantwortung von
Midex Gold Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
