TSX.V: IXI
moule geology
Moule Geology

 

moule zelingpe grid
Moule Zelingpe Grid

 

L-Moule-Vein3-Plan-Oct2011NewsRelease
Follow-up Core Drilling at Vein 3

 

The Moule Gold Permit covers 185 square kilometres of prospective Birimian greenstone geology. Previous explorers conducted property wide mapping and sampling of quartz veining and quartz float and subsequently focused their efforts on a 7 kilometre by 6 kilometre area, the Zelingpe Grid, with a geochemical soil grid, detailed mapping, and local IP survey resulting in the identification of multiple gold anomalies.

Sampling on the permit has encountered mineralization as high as 38.6 g/t Au to date. Company management believes the Moule permit has the potential to host both a large near-surface, bulk tonnage gold deposit and a shear-hosted vein deposit. There are currently five target areas: Zelingpe 1, Radiometric, Vein 3, Zelingpe 2 and Vein 2. The first ever drill program was completed in February 2011, testing the Zelingpe 1, Zelingpe 2 and Vein 3 targets.


Vein 3

The Vein 3 target lies approximately 4.7 kilometres to the west of Zelingpe 1. It is a shear-hosted vein zone that has been traced in excess of 1500 metres by widely spaced soil geochemical lines. 500 artisanal miners are currently working a 400 metre long portion of this vein. Grab sampling from the tailings of the artisanal activity has returned a high of 16.5 gpt Au, with 21 of the 42 samples taking returning values in excess of 1 gpt Au.

 

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Moule Vein 3 Plan

 

 

Three drill transects were completed early 2011 at Vein 3 spaced 120 metres apart (plan map above). Transects consisted of 2 holes scissoring the vein (cross-sections below). Gold mineralization was intersected in four of the 6 holes, including both holes on section 10 and on section 11. Vein 3 was traceable by this drilling for over 200 metres and was open in both directions. Highlights from Vein 3 drilling include: 29.67 gpt Au over 7 metres and 10.86 gpt Au over 3 metres.

 

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The Company followed up Phase 1 RC drilling at Vein 3 with a core drilling program and reported results in October 2011 from 10 angled holes. Indigo intersected 11.02 gpt Au across 1.77 metres, approximately 40 metres below the previously reported drill intersection of 29.67 gpt Au across 7 metres, confirming continuity to depth. Vein 3 shows lateral continuity for 350 metres and is open northward. Indigo intersected 6.16 gpt Au across 3.10 metres at the southern end of Vein 3, approximately 1,400 metres south of the 1.77 metre intercept of 11.02 gpt Au.

 

Zelingpe 1

The 1.0 kilometre long by 120 metre wide Zelingpe 1 anomaly is covered by a resistant laterite plateau. The IP Survey penetrated the hardcap plateau and identified a strong coincident IP chargeability high and resistivity low, a geophysical signature suggestive of disseminated sulfide and quartz veins. The edges of the laterite plateau have eroded near the fringes of the anomaly, casting anomalous gold values into soils to the east, west and south. An area of eluvial workings and artisanal pits is located immediately west and on the southwest fringe of the Zelingpe 1 anomaly. There are also soil values to the east and south of the plateau edge with anomalous values to 1,865 ppb Au.

Moule Zelingpe 1 Plan
Moule Zelingpe 1 Plan

Three drill transects were completed at Zelingpe 1 spaced 200 metres apart. Each transect consisted of three holes. A new mineralized gold system was identified at Zelingpe 1, traceable for 500 metres and open in both directions. Drill intercept highlights include: 1.12 gpt Au over 28 metres; 0.47 gpt Au over 11 metres; 0.24 gpt Au over 30 metres; 0.24 gpt Au over 32 metres; 0.20 gpt Au over 35 metres and 4.53 gpt Au over 5 metres.

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Moule Zelingpe 1 Section 1

The Zelingpe 2 Target

The Zelingpe 2 anomaly lies approximately 500 metres southeast of the Zelingpe 1 anomaly and consists of two parallel northeast-trending quartz vein swarms 500 metres apart, both with associated strong coincident IP chargeability high and resistivity low geophysical signatures. Each trend is traceable for 1.4 kilometres by elevated gold values in soils, rock sampling and geophysical anomalies. Recent artisanal workings have appeared on one trend. A 1.1 kilometre by 700 metre grid over the Zelingpe 2 target showed significant multiple anomalous gold trends that range from 25 metre to 150 metres wide. Sixty-eight grab samples within the trends returned values between 1 gram/tonne (g/t) gold and 38.6 g/t gold.

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Moule Zelingpe 2 Plan

Six drill transects were completed at Zelingpe 2 spaced 100 to 150 metres apart. Transects consisted of 4 to 6 holes. Plus one gram intersections over at least one metre were reported in 15 of the 27 holes, with highlights including: 1.82 gpt Au over 5 metres; 4.60 gpt Au over 3 metres; 2.06 gpt Au over 3 metres and 3.57 gpt Au over 2 metres. No futher work is planned at this time for the Zelingpe 2 target.

Radiometric Anomaly

The Company completed an airborne radiometric and magnetic survey in mid-February 2011. A large northwest trending radiometric anomaly 9km by 1.5km spans Moule and Loto permits. 


Moule/Loto Permits with Radiometric Anomaly (circled)

The 19 square kilometre soil grid on the Moule and Loto Permits covered the large Radiometric target identified from the 2011 airborne geophysical survey. The soil grid has produced two kilometre-scale gold anomalies generating new drill targets (see figure below). One anomaly is 2.2 kilometres long by up to 350 metres wide and corresponds to an interpreted magnetic intrusion. This anomaly trends towards the V-3 target on Moule where the Company intercepted 7 metres of 29.67 g/t Au in 2011 drilling, approximately 5.5 kilometres to the north of the soil anomaly. The second soil anomaly measures 1.5 kilometres long by up to 350 metres wide and corresponds to an area where limited prospecting of quartz float has returned four grab samples that ranged between 4.5 g/t Au and 21.9 g/t Au.

loto fig