VANCOUVER, BC, Feb. 23, 2021 /CNW/ - AUX Resources
Corporation (TSXV: AUX) (OTC: AUXRF) is pleased to report the
completion of the historic drill hole re-logging and sampling
program on the Georgia Project. These results are from previously
unsampled diamond drill core by a past operator whose focus had
been restricted to high-grade quartz veins. The majority of this
historic core was logged, but sampling was restricted to a subset
of quartz veins. Forty-six holes were recovered for the program,
covering a total of 5,016 metres.
Highlights
- Sampling of historic core extended previously reported
intercepts, including two holes that ended in
mineralization:
-
- 24.3 g/t gold over 4.4 metres (GR95-06)
- 10.7 g/t gold over 7.2 metres (GR95-09)
- Sampling of historic core returned new high-grade results,
including:
-
- 20.5 g/t gold over 1.0 metres (GR95-18)
- Improved model for the SW Vein based on combined historic
and 2020 data
- Identified a new parallel mineralized zone east of the SW
Vein
"We are extremely encouraged by
the results of our re-logging and sampling program. We were able to
recover over 5,000 metres of historic drill core, which was
essentially a second drill program, more than doubling the meterage
drilled during the 2020 field season," comments Ian Slater, Chief Executive Officer. "We are not
only excited about the high-grade gold results generated from this
program, but also about the opportunity to fill in some of the gaps
in our geological model and improve our understanding of the style
of mineralization at Georgia."
Click here to watch a video summary of today's news release
provided by AUX's Exploration Manager, Craig Stewart.
Historic core from exploration programs between 1979 and 1996
was left on site at the Georgia Project and recovered by AUX during
the 2020 field season. The majority of this core was unsampled,
providing an opportunity to better constrain the extent and
geometry of the mineralized zone without drilling additional
metres. Of the historic core on site, 5,016 metres was recoverable
and was re-boxed and sent to our facility in Stewart at the end of the 2020 field season,
where it was then re-logged and sampled in November 2020.
|
Program
|
Drill
Hole
|
From
(m)
|
To
(m)
|
Width
(m)
|
Gold
(g/t)
|
Silver
(g/t)
|
|
Historic intervals
extended by combining historic and re-log data
|
GR90-03
|
21.20
|
23.00
|
1.80
|
1.03
|
3.3
|
|
GR90-08
|
67.00
|
69.83
|
2.83
|
2.25
|
1.2
|
|
GR95-06**
|
35.20
|
39.60
|
4.40
|
24.32
|
n/a
|
|
including
(h)
|
35.20
|
37.14
|
1.94
|
42.64
|
n/a
|
|
and including
(r)
|
38.60
|
39.60
|
1.00
|
24.10
|
28.7
|
|
GR95-09**
including
(h)
|
76.00
80.50
|
83.20
81.66
|
7.20
1.16
|
10.73
58.87
|
n/a
|
|
GR95-16
|
102.30
|
103.93
|
1.63
|
1.66
|
n/a
|
|
Newly identified
zones from re-log program
|
GR90-15**
|
79.00
|
81.20
|
2.20
|
1.41
|
10.4
|
|
GR95-08
|
116.00
|
117.00
|
1.00
|
6.33
|
4.2
|
|
GR95-12
|
127.00
|
127.80
|
0.80
|
3.18
|
54.9
|
|
GR95-14
|
92.65
|
94.00
|
1.35
|
3.22
|
3.1
|
|
GR95-18
|
94.00
|
95.00
|
1.00
|
20.50
|
16.4
|
|
GR96-11
|
98.50
|
101.50
|
3.00
|
1.80
|
2.8
|
|
2020 Drill
program
|
GE20001
|
95.70
|
96.25
|
0.55
|
5.81
|
7.8
|
|
and
|
201.20
|
202.20
|
1.00
|
1.95
|
1.0
|
|
GE20003
|
133.65
|
134.75
|
1.10
|
7.54
|
16.5
|
|
GE20022
|
60.26
|
62.50
|
2.24
|
62.50
|
36.6
|
|
including
|
61.40
|
62.50
|
1.10
|
126.00
|
73.8
|
|
and
|
85.10
|
87.80
|
2.70
|
3.11
|
0.8
|
|
including
|
86.54
|
87.80
|
1.26
|
6.10
|
1.2
|
|
and
|
97.65
|
100.40
|
2.75
|
1.07
|
0.7
|
|
GE20023
|
66.30
|
70.44
|
4.14
|
69.10
|
35.5
|
|
including
|
67.70
|
70.44
|
2.74
|
103.60
|
52.7
|
|
and
|
93.50
|
95.00
|
1.50
|
2.16
|
1.0
|
|
Select historic drill
results (between 1977 and 2003)
|
GGP-5
|
34.30
|
35.75
|
1.45
|
33.70
|
30.0
|
|
including
|
34.30
|
34.90
|
0.60
|
78.40
|
0.6
|
|
GM-08
|
33.32
|
34.84
|
1.52
|
69.50
|
106.0
|
|
including
|
33.93
|
34.54
|
0.61
|
140.80
|
219.4
|
|
GM-12
|
69.36
|
72.26
|
2.90
|
28.10
|
24.0
|
|
GM-20
|
69.21
|
74.39
|
5.18
|
34.70
|
23.1
|
|
including
|
72.71
|
74.09
|
1.38
|
119.20
|
66.4
|
|
and
including
|
73.48
|
73.78
|
0.30
|
342.50
|
190.6
|
|
GR88-01
|
110.79
|
111.28
|
0.49
|
178.30
|
171.0
|
|
GR88-02
|
73.61
|
74.82
|
1.21
|
66.00
|
12.3
|
|
GR88-07
|
111.76
|
115.79
|
4.03
|
13.12
|
10.9
|
|
GR89-01**
|
71.6
|
73.5
|
1.90
|
20.60
|
14.7
|
|
GR89-04**
|
73.10
|
74.80
|
1.70
|
39.20
|
15.7
|
|
GR90-11
|
90.02
|
93.00
|
2.98
|
13.50
|
40.3
|
|
GR95-02
|
61.87
|
62.47
|
0.60
|
71.50
|
n/a
|
|
GR96-03
|
96.92
|
98.47
|
1.55
|
22.70
|
n/a
|
|
and
|
108.00
|
109.00
|
1.00
|
3.77
|
2.8
|
Table 1. Significant results from 2020 and historic
drilling at the SW Vein, Georgia Project (** indicates the hole
ended in mineralization; h and r indicate the interval is from
historic and re-log, respectively).
Re-logging was completed to refine the stratigraphy and classify
the host rocks to the mineralization according to the lithologies
used for the 2020 drill program to improve correlations between
historic and new drill holes. Sampling was completed for 3
purposes: 1) to sample prospective areas that had not been
previously sampled; 2) to sample the shoulders to veins that had
been previously sampled; and 3) to confirm results for select veins
that had returned anomalous gold grades in the past. Thirty
additional samples were collected for detailed petrographic work to
better characterize the host rocks and alteration styles associated
with mineralization.
Results from the re-logging and sampling program indicate that
the mineralization extends up to several metres outside of the
veins and the extent of the mineralized zone is consistent along
vein strike. These results combined with the results of the 2020
drill program significantly improve the understanding of the
orientation and extent of the mineralized zone. In some cases,
historic assay results are combined with those from the re-log to
increase the length of mineralized zones. For example, quartz veins
sampled towards the bottom of hole GR95-06 returned gold grades of
34.5 and 50.8 g/t gold, but the vein shoulders were not previously
sampled. Shoulder sampling of this zone during the re-log program
produced a 4.4-metre-long zone grading 24.3 g/t gold, which extends
mineralization to the end of the hole – the area below this
interval remains open at depth.
SW Vein and Georgia Zone
Mineralization at the Georgia Project was discovered in 1910 and
was worked and mined until 1939. Work was centered on the SW Vein,
which produced a head grade of 22.6 g/t gold. Historic mine
operations were focused approximately 150 metres SSW of the
high-grade zone intersected during 2020 drilling (the "Georgia
Zone"). One adit extends north from the main mine operations but
ends approximately 10 metres into the Georgia Zone. The zone that
has been targeted through drilling and exploration after mining
operations ceased (including the 2020 drill program) has produced
significantly higher grades than what was extracted at the historic
Georgia Mine.
Combined data from historic drilling and sampling, re-logging
and sampling of historic drill holes, and 2020 drilling and
sampling have now been integrated to provide new controls on the
orientation and extent of the Georgia Zone. The Georgia Zone is
interpreted to be the northern extension of the SW Vein; however,
all exploration drilling that has intersected this zone was
completed after mining operations ceased and additional drilling is
required to assess the continuity of this zone to the south. In
addition, 2020 drilling (GE20022) intersected anomalous grades that
cannot be correlated with the Georgia Zone, indicating that a
separate high-grade target may exist to the east of the Georgia
Zone.
Figure 1. Plan view of the Georgia Zone showing 2020
and historic drill results. Historic results are shown with a thin
black border, 2020 results are shown with a thick black border, and
combined historic and re-log results are shown with a thick dashed
black border.
Figure 2a. Cross section looking northeast showing
GE20022 and GE20023 (+/- 10 m view
window).
Figure 2b. Cross
sections looking north showing GM-10, GM-11, GM-12 (left) and
GR95-03, GM-07, GM-08, and GM-09 (right; +/-10 m view window).
Quality Assurance and Control
Samples were analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited
facility). The sampling program was conducted by the geological
team under the supervision of Dr. Craig
Stewart, Exploration Manager. A secure chain of custody was
maintained in transporting and storing samples. Gold was assayed
using fire assay with atomic absorption spectrometry and
gravimetric finish when required (i.e., >9 g/t gold). Analysis
by four acid digestion with 48 element ICP-MS analysis was
conducted on all samples with silver and base metal overlimits
being re-analyzed by emission spectrometry.
About AUX Resources
AUX holds more than 27,000 hectares of strategic claims in the
Stewart Mining Camp in the Golden Triangle of British Columbia, which is among the world's
most prolific mineralized districts, including the high-grade gold
Georgia Project centred on the past-producing Georgia River Mine.
The Georgia River Mine, which last operated in 1939 with a head
grade of 22.6 g/t gold, contains 1.2 kilometres of underground
access on three levels. AUX is actively consolidating the Stewart
Mining Camp.
The technical disclosures in this release have been read and
approved by Dr. Thomas Mumford,
Ph.D., P.Geo., a qualified person as defined in National Instrument
43-101.
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. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements
of historical fact, are to be considered forward looking. Although
AUX believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market
prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market
or business conditions and regulatory and administrative approvals,
processes and filing requirements. There can be no assurances
that such statements will prove accurate and, therefore, readers
are advised to rely on their own evaluation of such
uncertainties. We do not assume any obligation to update any
forward-looking statements.
SOURCE AUX Resources Corporation
