VANCOUVER, April 28 /CNW/ - Golden Harp Resources Inc. (TSXV: GHR) announces that it has been advised by Mineral Mountain Resources Ltd. of a 60 hole RC drill program at the Shining Tree Area.
Mineral Mountain Resources Ltd. issued a press release today - the verbatim text is included below:
Vancouver, British Columbia: Mineral Mountain Resources Ltd. (TSXV: MMV) ("Company") is pleased to report that the Company has engaged the services of Overburden Drilling Management Ltd., a world leader in the recovery of fine gold grains, to plan and supervise a 60-hole RC drilling program to begin immediately on the Main and Block A properties optioned from Golden Harp Resources Inc. (GHR-V:TSX) ("Golden Harp") and totaling 145 km², one of the largest land package in the Shining Tree gold district. Under two separate agreements, Mineral Mountain can earn a 60% interest in the Main Block which hosts the Golden Sylvia and the Copper Hill/Brunet gold zones and a 70% interest in Block A which hosts the Cook Zone, an emerging new gold discovery presently being drill defined by the Company.
RC Drilling Ideal for Exploring the Shining Tree Property
The gold-bearing Archean greenstone belt underlying the Shining Tree properties is covered by variable thicknesses of glacial overburden. Historically, prospectors focused essentially on outcrop exposures and relied on a variety of geophysical methods to search "under" the overburden. Although geophysics has proven to be an effective exploration tool in our industry, tracing pristine gold grains using RC Drilling is the ideal tool for locating "hidden" gold deposits under glacial overburden.
Generally, this overburden consists of lower and upper till horizons deposited during meltdown of the thick continental ice sheet 12,000 years ago. The lower till is stony and contains glacially liberated gold and gold-bearing pyrite grains that were scraped off the tops of mineralized zones in the underlying bedrock. High concentrations of these grains are used to pinpoint new mineralized zones. The upper till contains no gold or pyrite grains.
Despite the presence of significant pyrite in the gold zones, geophysical methods are ineffective for locating the zones due to the thickness and very clayey (conductive) character of the upper till. Nearly all of the gold discoveries (i.e. Rainy River Project and TPK Gold Project), in till-covered terrain, have been made by RC drilling. The RC drill the employed on the Company's Shining Tree Project, compared to previous rigs, is highly specialized and performs efficiently on dry or wet terrain in all seasons. This RC rig is not susceptible to the sample loss and inter-sample contamination problems associated with "standard" RC rigs. This rig efficiently delivers high-quality 10 kilogram till samples from every 1 to 1.5 m sample interval whether the till is clayey or stony. The holes are drilled vertically and typically advanced 1.5 m into bedrock where a sample of clean cuttings is collected for the assay. Samples of lower till unit are processed in the laboratory to extract a heavy mineral concentration (HMC) containing any glacially liberated gold and pyrite grains. Most of the gold grains are finer than human hair and up to 90% are still hidden in the pyrite grains. Total liberated + pyrite-encased gold is determined by assaying the HMC and the liberated component is calculated from the gold grain dimensions.
Nelson Baker, President and CEO of Mineral Mountain commented: "We are extremely fortunate to have been able to secure Overburden Drilling Management Ltd. ("ODM"), industry leaders in tracing gold grains and other heavy mineral concentrates to their sources, to carry out this important phase of our evaluation of the very large Shining Tree project. Major regional shear zones, especially if they mineralized with concentrations of pyrite are often recessive and not exposed. This RC till sampling will tell us if there's a "hidden" gold zone nearby!"
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in the forward looking statements. Although we believe that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.
The information contained in the press release is a verbatim extract of the press release issued by Mineral Mountain Resources Ltd. Although Golden Harp believes the information included in the press release to be generally reliable, the data has not been independently verified and Golden Harp does not assume any liability for the accuracy or completeness of such information.
Neither the 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.