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Central Timmins Exploration Corp.
Summary
| Project: | Central Timmins | |
|---|---|---|
| Deposit: | Central Timmins | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2019: Central Timmins Exploration Corp. announces an Exploration/Drilling Update report for its Central Timmins deposit at the Central Timmins project. Drilling results incl. 0.50m @ 3.94g/t Au from 222.8m. TORONTO, Jan. 21, 2019 /CNW/ - Central Timm | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Sullivan (Internal) | |
| ABSTRACT: | TORONTO, Jan. 21, 2019 /CNW/ - Central Timmins Exploration Corp. ("CTEC" or the "Company") (TSXV: CTEC) is pleased to announce the results of a four-diamond drill hole program to confirm the geology of the 1939 Dictore Porcupine Gold Mines Ltd. historical diamond drill hole #5 ("DDH#5") in Deloro Township. Gold assays ranged from 0.10g/t to 3.94g/t over narrow widths. The best assay in CTEC's DDH #1 was from a pyritic zone, which assayed 3.94g/t Au over 0.5m from 222.8m to 223.3m down the hole. CTEC's DDH #1 was drilled to follow up on the 1.8g/t to 3.2g/t Au values hosted within three distinct zones totalling 45.2m in width reported in historical DDH #5. CTEC holes DDH #2 and DDH #3 were drilled at right angles to DDH #1 and intersected anomalous Au ranging from 10 ppb to 300 ppb. The wide induced polarization ("IP") and strong magnetic responses seen were due to considerable widths of 2% to 3% sulphides and up to three parallel iron formations, each with various percentages of pyrrhotite mineralization. DDH #4 tested a similar IP, magnetic and VLF EM target 200m to the southwest of DDH #1. Iron formations of varying widths and pyrrhotite content explained the geophysical responses. In parallel with the late-2018 drilling, CTEC management and consultants have outlined an additional 26 potential drill targets that are currently being prioritized; eight in Deloro and Ogden townships on the south side of the Destor Porcupine Fault Zone ("DPFZ"), 15 in Mountjoy Township and three in northwest Godfrey Township north of the DPFZ. A small amount of confirmation ground geophysics will also be carried out concurrently with the drill program. See Figure 1 - CTEC Project Location Map. In preparation for the resumption of drilling, CTEC geologists are also relogging and sampling 12 NQ diamond drill holes that were drilled in 2017 by the previous owner of the property as part of the Faymar Mine Crown Pillar Study. The Faymar geology is the same as CTEC DDH #1 to DDH #3 holes with the addition of a 1.5m wide quartz vein that was mined at approximately a 6.0 g/t Au head grade. The Faymar geotechnical holes were not split or assayed and have been stored in a secure trailer since logging. The Faymar assays of the main vein plus the hanging wall and footwall rocks will give CTEC g | |
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