Driven Capital reports on first-phase drilling at White River
16 Août 2012 - 5:41AM
PR Newswire (Canada)
TSX Venture Exchange: DVV Frankfurt Stock Exchange: DV1 VANCOUVER,
Aug. 16, 2012 /CNW/ - Driven Capital Corp. ("Driven" or the
"Company") has completed first-phase drilling at its 60% optioned
White River gold-copper-silver property ("White River") in the
Yukon Territory, Canada. White River covers a large area of
hydrothermal alteration and mineralization, showing characteristics
of both intrusion related gold and bonanza grade, structurally
hosted gold-copper-silver mineralizing systems. Property
optionor Tarsis Resources Ltd. ("Tarsis") identified five zones of
gold-copper-silver mineralization at surface in the Western Target
Area of the 7,002-hectare claim block. That area's HG and
Cool Zones are the focus of Driven's 2012 diamond-drilling
campaign. HG Zone The HG Zone is the site of the first discovery of
high-grade gold-copper-silver mineralization on the property by
Tarsis. It is defined by a series of recessive east and
northwest trending lineaments within an extensive
gold/arsenic/copper-in-soil geochemical anomaly approximately 3
square kilometres in area. The width of the recessive
lineaments varies from 10 to 30 metres. Prospecting by Tarsis in
2010 within the higher elevation portions of the HG Zone documented
numerous locally derived mineralized talus specimens returning from
below detection to 39.8 g/t gold, below detection to 521 g/t silver
and 4 ppm to 1.3% copper. Highlights from Tarsis' 2011 hand
trenching program included a channel sample returning 82.2 g/t gold
across 1.0 m from TR-HG11-02 within the HG Zone. A grab and
an auger sample from the core portion of the exposure returned
214g/t and 129g/t gold, respectively. Four diamond drill holes,
WRDH-01 through WRDH-04, were drilled by Driven from two drill pads
on either side of the HG Zone lineament at -45 degree angles,
fanned at roughly 40°, to depths ranging from 126 to 210 m.
The holes tested a relatively small, 130 m long portion of the main
east trending lineament in the area where it is best exposed near
the ridge top. All drill holes encountered multiple, well-developed
shear zones from 1 m to 40 m in drill thickness and mineralized by
combinations of quartz-feldspar veining,
pyrite-arsenopyrite-chalcopyrite veining and breccia, carbonate ±
sulphide veining and breccia, limonitic fracture networks and
gossans, present in complex, multiple cross cutting
relationship. These shear zones are believed to be steeply
dipping with an en-echelon geometry showing good continuity along
strike from hole to hole. Vein density increases dramatically
where these high angle shear zones intersect brittle cherty
metasediments, providing potentially large volume host units at low
angle geometries. About half of the shear zone intercepted by
drilling can be correlated with trench exposures and surface
lineaments, while the other half are blind discoveries with no
surface geologic or geochemical indications. The presence of
these blind zones is very encouraging and suggests that the degree
of structural preparation and hydrothermal fluid flow is greater
than initially thought. Poor core recovery to total loss of core,
in intervals from 1.0 to 3.0 m in drill thickness, was encountered
within one or more shear zones in each drill hole due to the high
degree of fracturing, strong surface oxidation/weathering and
presence of clay rich gouge. Since these intervals of missing
geologic and assay data occur within some of the mineralized shear
zones, drilling was not completely successful in testing the near
surface mineralized zones. Although a high density of veining is
present in drill core, only three holes contain strongly elevated
gold values within five separate shear zones, ranging from 1.16 to
3.68 g/t gold restricted to single intervals 0.38 m to 1.41 m in
thickness. Hole WRDH-3 contains an average of 0.36 g/t gold over
15.60 m with numerous missing intervals resulting in approximately
70% core recovery overall. All gold mineralized zones contain
highly elevated arsenic in excess of 10,000 ppm and bismuth up to
1,250 ppm. This arsenic-bismuth signature occurs as a halo up
to 7.85 m thick around anomalous gold and resembles that observed
in surface sampling and soil geochemistry. Elevated silver up to 30
g/t and copper up to 0.42% are also present. Results for one
additional drill hole located 100 m west along the trace of the HG
Zone are pending. Although bonanza grade gold was not intercepted
within the small portion of the HG Zone tested by this phase of
drilling, Driven management remains encouraged by the size and
character of the gold mineralized system present on the property as
indicated by surface sampling, trenching and now drilling.
The Western Target Area (HG, Cool, MB, MS1 and MS2 Zones) is about
3 square kilometres in size, poorly exposed at the surface and in
management's opinion has good potential for concealed gold
deposits. The presence of a high density of complex, multi-episodic
veining, well-developed structural preparation and the abundance of
blind mineralized zones in drilling indicate the presence of a
large and vigorous hydrothermal system. Near surface
mineralization can be characterized as lower epithermal. The
geologic environment and the distinct gold-arsenic-bismuth
geochemical signature present in the Western Target Area,
characteristic of most gold deposits within the Tintina gold belt,
suggest good potential for similar mesothermal deposits at
depth. Surface geologic mapping shows a large-scale,
low-angle thrust faults underlie the target area at depth, which
could provide a potentially significant host structure for gold
mineralization in conjunction with the abundance of high-angle
feeder structures. Driven will await final assay results from one
additional hole drilled in the HG Zone, and two holes drilled in
the Cool Zone, to complete its evaluation of the 2012 program and
to plan future strategies which may include deeper exploration.
"While the results of our first pass were unexpected, our intrigue
with White River has only deepened," stated Toma Sojonky, President
& CEO. "The lack of correlation between prior surface
exploration results, our very favourable observations down-hole and
our assays warrant consideration of all data and possible new
approaches for this apparently large, well developed alteration
system." All assays were carried out by ALS Canada Ltd., with
sample preparation in Whitehorse and analysis in North Vancouver.
Gold and silver were analyzed by 30 g fire assay with gravimetric
finish; thirty-five-element ICP analysis with four-acid digestion
was also conducted. The Company plans to carry out check-assays of
certain core samples using method fire assay with AA finish, and in
some cases using Acme Analytical Laboratories (Vancouver) Ltd. U.
Peter Kurisoo, CPG, Chief Geologist and a Director of the Company,
is the Qualified Person as defined under National Instrument
43-101, who has reviewed the technical information in this news
release. Driven Capital Corp. is deploying its accomplished
technical and management team toward the exploration of its
portfolio of highly prospective precious metals projects in the
Yukon and British Columbia. On Behalf of the Board of Directors of
Driven Capital Corp. "Toma Sojonky" Toma Sojonky, President &
CEO 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. Cautionary Statement Regarding
Forward-Looking Information: All statements, trend analysis and
other information contained in this press release relative to
markets about anticipated future events or results constitute
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "believe", "plan", "estimate", "expect" and "intend"
and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
date the statements are made. The Company does not undertake any
obligation to update forward-looking statements even if
circumstances or management's estimates or opinions should change.
Investors should not place undue reliance on forward-looking
statements. Driven Capital Corp. CONTACT: please contact Toma
Sojonky, President & CEO, at (604) 569-0799,orvisit
www.DrivenCapital.ca.
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