What are the ramifications?
in response to
by
AGORACOM
posted on
May 29, 2008 10:08AM
Focused on becoming a near-term Gold Producer
From the most recent NR:
Hole S08-11 also intersected 0.20 m of high grade gold, silver, lead and zinc which may indicate a new mineralized exhalite.
From Marketwire 01/18/08
Nigel Lees states that: "The Lynx high grade copper and silver-bearing exhalite horizons are folded, but generally trend north-south parallel to the regional stratigraphy. This new insight is guiding our exploration strategy and is helping us to select and prioritize for drilling, the many geophysical conductors in the area."
Notably, Sage is referring to their geology as it compares to Noranda deposit.
The Archean Noranda camp, with 14 bimodal-mafic type deposits underlain by the Flavrian-Powell subvolcanic intrusion (Santaguida, 1994);
From wikipedia:
The Noranda Caldera is a well-known large subaqueous Archean caldera complex within the Blake River Megacaldera Complex, Quebec, Canada. The caldera contains a 7-to-9-km-thick succession of bimodal mafic-felsic tholeiitic to calc-alkaline volcanic rocks which were erupted during five major series of volcanic activity.
So, what I'm trying to figure out, is with all these new exhalites they are finding, and the linear nature of many of the deposits, is this area in Ontario going to end up being rather unique, geologically? From what I can understand, typically the quartz vein structures in this type of VMS setting are barren, except for hematite. But here we are breaking all the rules with more gold than should rightly be there, for this kind of deposit.
I'm way over my head here, so it'll require folks like longbomb to "read between the lines" and water it down for the rest of us. Who knows, maybe I'm barking up the wrong tree, but this is sounding more exciting by the moment, as more information emerges.
GLTAL