KESTANELIK – (option to earn 100%)
The Kestanelik project is a new project which the company considers tohave excellent potential for moving quickly to a significant high grade goldresource in an area with excellent infrastructure and a climate which allowsyear-round drilling. The project hostslow sulphidation epithermal quartz veining with existing high-grade goldmineralization. The quartz veins are upto 10 metres thick, outcropping over an aggregate strike length ofapproximately 2,550 metres.
Theproperty has a number of high grade gold intersections from surface samplingand shallow drilling, and there is great potential to extend high grademineralization at depth and under the surrounding shallow cover. The property has drill-ready targets, and thecompany plans to begin a drill program in 1st quarter 2010.
• Best surface channels :
– 7.7m at 23.4 g/t gold; 4.5m at 31.5 g/t gold and 6.1m at 20.2 g/t gold
– 122 chip channels – average grade 3.8 g/T; average width 3.73m
• Best drill results (from 30 shallow holes – 20 RC; 10 diamond)
– 4m at 14.6 g/t gold; 3m at 12.8 g/t gold and 5.6m at 10.2 g/t gold