The Mispickel target is a large mineralized system within which exist significant high grade gold zones. It is located in the northeast of the Northbelt property 1.5 km north of our Sam Otto target
Mispickel is hosted in tightly folded turbidite sediments of the Walsh Lake Formation. Lithology dips vertically to steeply east and strikes northwest. Fold axes are vertical to steeply south plunging.
The zones of mineralization occur as wide (50-200 meter) anomalous gold horizons that are contained within a dominant north trending deformation zone with multiple discrete 2-20 meter wide shears containing higher grade gold. The dominant north trend is crosscut by NNE and NNW structures which host some of the highest grade mineralization when they intersect the north trending shears.
Alteration consists of weak to moderate chlorite and sericite, with localized quartz flooding. Sulphides associated with the gold include minor to low percentages of pyrite, arseno-pyrite and pyrrhotite. The best gold grades occur in narrow quartz veins with abundant visible gold.
Initial exploration occurred in the fall of 2013 when a 6.00 meter wide channel was sampled averaging 7.30 g/t Au. Drilling commenced in the winter of 2016 with nine holes totalling 1364 meters, high grade intersections up to 8.00 m @ 60.60 g/t Au in TWL16-016 (news release June 6, 2016). This was followed by surface mapping and sampling and more drilling in the summer of 2016 when fifteen holes totaling 4547 meters were completed with intersections up to 5.53 m @ 29.85 g/t Au (news release September 22, 2016).
The positive results at Mispickel continue to indicate a large mineralizing system. TerraX plans to follow-up on its success by further testing along the strike and dip extensions of the Mispickel structures during the winter drill program scheduled to begin in January 2017.
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