Bonaparte IP Survey Indicates Extension of Discovery Zone, Enhances Bulk-Tonnage Porphyry Potential
03 Dezember 2013 - 2:00PM
Marketwired
Bonaparte IP Survey Indicates Extension of Discovery Zone, Enhances
Bulk-Tonnage Porphyry Potential
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 3, 2013) -
WestKam Gold Corp. (TSX-VENTURE:WKG) ("WestKam" or the "Company")
announced today that a 3D induced polarization (IP) survey on the
company's Bonaparte Property near Kamloops, BC was successful in
identifying a possible extension of the Discovery Gold Zone. The
program also located a large intrusive structure and related
anomalies that reinforced Bonaparte's bulk-tonnage, porphyry
copper-gold potential (as inferred by recent studies from the
British Columbia Geological Survey*).
The IP program, conducted in September and October, consisted of
chargeability, resistivity and magnetic surveys on a grid measuring
800 meters north-south and 2250 meters east-west. The goal of the
program was to advance and test two key deposit types:
- Shear-hosted, high-grade gold mineralization in quartz
veins
- Bulk tonnage porphyry copper-gold mineralization
Apparent Extension of the High-Grade Discovery Zone
The surveys delineated a chargeability response over the
Discovery Zone which extended through the grid 800 meters
south-southeast and remains open. The results present an
encouraging target to test the extension of the high-grade gold
zone where drilling, trenching and bulk sampling have confirmed
high-grade gold in quartz veins. The two bulk samples, completed in
1994 and 2010, averaged 26.5 g/t Au and 16.28 g/t Au
respectively.
Possible Multi-Phase Intrusive Body Adds Further Support to
Porphyry Potential
A large magnetic anomaly, comprising extreme highs and lows with
coincident chargeability anomalies, occurs beneath the basalt cap
southwest of the Discovery Zone. The results are indicative of a
multi-phase intrusive body normally found associated with
copper-gold porphyry deposits. The anomaly increases in size and
strength from the Discovery Zone to the south of the grid and
remains open at depth to the west, south and east. These results
reinforce the BC Geological Survey's premise that mineralization on
the Bonaparte Property "represents an upper level of a buried
porphyry system*."
More Anomalies East of Discovery Zone
Resistivity and chargeability anomalies also occurred east and
southeast of the Discovery Zone, along Cooler Creek, where
historical soil sampling identified a 2-kilometer long anomalous
copper, gold and molybdenum geochemical trend. Prospecting and
sampling in this area previously encountered quartz vein float
grading 74 g/t Au.
Another high chargeability anomaly, open to the south, east and
at depth, occurred on the far southeast limit of the grid. Readings
indicate the zone could be strongly mineralized.
"The results of this survey exceeded our expectations and
answered a number of key questions," said WestKam CEO Matt
Wayrynen. "Not only are we seeing a sizeable expansion of the
Discovery Zone target, we have taken a great leap forward in
establishing the presence of a gold-copper porphyry."
Coast Mountain Geological Ltd., who managed the induced
polarization survey for WestKam Gold, is evaluating the results of
the program and will recommend the next phase of exploration at
Bonaparte.
* "Bonaparte gold: another 195Ma porphyry Au-Cu deposit in
Southern British Columbia?"
About WestKam Gold Corp.
WestKam Gold Corp. is a Canadian gold exploration company
focused on developing the Bonaparte Gold Project near Kamloops,
British Columbia. Additional information can be found on the
company's website at www.westkamgold.com
ON BEHALF OF THE BOARD OF DIRECTORS
Matt Wayrynen, President
WestKam Gold
Corp. |
Suite 900, 570
Granville Street |
Vancouver, BC
V6C 3P1 |
www.westkamgold.com |
Forward looking statements: 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. This
release contains statements that are forward looking statements and
are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with Canadian
securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on
information currently available. The Company does not assume the
obligation to update any forward looking statements.
WestKam Gold Corp.John UlmerInvestor
Relations778.994.6453www.westkamgold.com
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