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Sphinx Resources Ltd.
Summary
| Project: | Chemin Troulis | |
|---|---|---|
| Deposit: | Chemin Troulis | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2017: Sphinx Resources Ltd. announces an Exploration/Drilling Update report for its Chemin Troulis deposit at the Chemin Troulis project. Drilling results incl. 0.94m @ 2.51g/t Au from 35.15m. Montréal, September 19, 2017 - Sphinx Resources Ltd. (“Sp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Normand Champigny (Internal) | |
| ABSTRACT: | Montréal, September 19, 2017 - Sphinx Resources Ltd. (“Sphinx” or the “Corporation”) (TSX-V: SFX) announces assay results from this summer’s reconnaissance drilling and till sampling and prospecting work at its 100% Chemin Troïlus gold project (the “Project”), located 110 km north-north-west of the town of Chibougamau. This first 487- metre drill program was designed to attempt to discover a bedrock source of a mineralized boulders dispersal train (press release of May 11, 2017) in an area of the Project characterized by weak to moderate induced polarization responses and coincident and strong magnetic anomalies. Highlight from the drill results is 2.5 g/t Au over 0.9 m in drill hole CT-17-06. The Project area where the boulder dispersal train is located, has no outcrop and is covered with a uniform till blanket ranging from 6 to 10 m in thickness. No previous work had been performed in this specific area. The rocks intersected were Archean metasedimentary rocks, metavolcanic rocks, granitoid rocks and breccias. The gold value returned from drill hole CT-17-06 was in a breccia. The mineralized boulders, however, were not explained by this initial drill program and their bedrock source remains an exploration priority. In combination with the drilling, the till results described below further support the prospectivity of the area. Additional work will be required to identify the source of the boulders. | |
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