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Tyrrell property page
Goldeye Explorations Limited
27 Blue Spruce Lane, Thornhill, ON, L3T 3W8, Canada
August 10, 2000
CDN trade symbol: GEYE
Shares issued: 8,365,205
Goldeye's Tyrrell township property consists of the "Main Zone" (0.6MT @ approximately 0.2 opt Gold) and the Big Dome Zone to the southwest. The following results pertain solely to the "Big Dome Zone":
A major new auriferous quartz stockwork was discovered with up to 194m in thickness grading 0.3 g/t gold with zones of up to 9.3 g/t Au / 0.9m. A step-out hole G-17, 1500 metres south of the Big Dome was discovered to contain a new mineralized zone with 7.8 metres of 0.6 g gold. A shear structure intersected in holes G14, G-15 and G07 with grades up to 4.8 g/t gold correlates with identical structures in G-9 which yielded 149 g/t Au over 1.4m. An industry accepted standard states that a high-grade vein invariably returns grades greater than 10 g/t Au in only 1/3 of the holes.
When these positive results are integrated with other known mineralized zones in the area and associated geology, it may be inferred that there is the potential in Tyrrell to host a major gold camp containing both low- and high-grade deposits.
Details:
Hole G-14 was drilled on section 12100E as an overcut to hole G-9 to test the high-grade structure. G-14 intersected a well mineralized fault which assayed 0.7 g/t Au / 1.2m. The key zone had only 75% core recovery.
Hole G-15 tested the #9 structure and IP anomalies on Section 12150E. This overcut of G-14 intersected a 7.3m zone, apparently representing the #9 structure, of white quartz breccia veins and stockwork in carbonate rock from 130.3m to 127.6m. The lower part of the vein assayed 0.59 g/t Au over 4.88m including 4.8 g/t Au over 0.4m at the bottom of the zone.
Hole G-07 extension: DH#7 on section 12200E was deepened from 242 to 374 metres. A quartz stockwork cut by fine-grained felsic and feldspar porphyry dykes intersected from 302 to 316.7m can be projected to the high-grade structure. The hole contains a 194 metre section of 0.3 g/t Au; between 151.2 to 317 it averages 0.3 g/t Au over 166 metres. The interval contains 0.9 metres of 10.6 g/t Au and 6.4 g/t Au / 0.6m. There is a further 28 metres of similar mineralization in the upper part of a hole south of a large intervening diabase dyke. The increased width of gold is more than is seen in the overcut hole #16 indicating that the gold content is increasing in grade and width with depth.
DH-16 was drilled on section 12200 E, 130m up dip from hole #07. A quartz stockwork structure assayed 0.49 g/t Au / 3.7m.
DH-17 was drilled on Section 13200E, east of Cigar Lake, to test the Tyrrell shear and footwall rocks. It passed through 9m of quartz-chlorite -calcite schist that assayed 0.59 g/t Au / 7.8 metres incl. 1.45 g/t Au / 0.7m. Northward the sequence consists of feldspar porphyry intrusive, sheared ultramafics and green carbonate rock and about 100m of graphitic, pyritic, argillite-siltstone. No significant gold values were returned from the argillite-silstone section in DH#17.
The drilling results indicate the presence of a second large zone of composite quartz-gold mineral emplacement in the vicinity of the Tyrrell shear zone. The Spectral IP data have defined other high priority geophysical targets on other areas on the property.
After a review of the chemical and geological data a trenching program has been recommended designed on the newly discovered gold zone.
Goldeye will start its basemetal/gold project located south of Dryden in late August.