Barraute
Gold
Project Data
Claims: 6
Acres: 631.92 (0.99 mi2)
Hectares: 255.73 (2.56 km2)
Property center point coordinates:
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Long. 77.577275 W
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Lat. 48.525473 N
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UTM
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Zone 18
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309715.15 m E
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5377914.63 m N
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Activity in the area
Exploration companies in the area:- Agnico-Eagle Mines
- Abcourt Mines
- Agnico-Eagle Mines
- Agnico-Eagle Mines: Swanson deposit - 504kt @1.93 g/t inferred resource (source: http://www.agnico-eagle.com)
- Abcourt Mines : Abcourt – Barvue - 7,018,969t @ 0.138 g/t Au, 61.19 g/t Ag, 3,3% Zn Measured and indicated resource (source: http://www.abcourt.com)
end faq
Background
The Barraute property is located in the Abitibi region on the outskirts of the town of Barraute and is easily accessed by local roads.
Previous Work
Work on the property by previous owners from 2001 to 2006 included prospecting, trenching, sampling and diamond drilling using shallow A-sized holes. This work resulted in the discovery of several gold-bearing zones that were traced from surface to a depth of 30 metres. Mineralization occurs as finely disseminated pyrite, chalcopyrite and molybdenite in altered syenodiorite, injected by fine quartz veinlets. Blasting and sampling returned anomalous gold values reaching 1.1 g/t. Drilling results established underground continuity, with a maximum gold grade of 1.3 g/t within a 5-metre-long core interval averaging 0.82 g/t Au with traces of chalcopyrite and molybdenite. Subsequent drilling confirmed the lateral extension of the mineralization along altered and sheared corridors where gold values range from 0.30 to 1.0 g/t, with one maximum value of 2.1 g/t.
Geology
The property straddles the contact between a syenitic intrusive and a sequence of volcanic rocks. The syenite is sheared and altered at the contact, containing an alteration assemblage of silica, sericite, biotite, chlorite, magnetite and, locally, epidote and hematite. The contact zone is auriferous and hosts an old gold-copper-molybdenum quartz vein showing. The property is traversed by two (2) fault systems: an E-W system and a NW-SE system. Work is presently focused on determining which of the two fault systems is most prospective.
end faq
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Press releases
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Threegold Resources Hires Bay Street Connect for External IR and Awaits Drill Results (February 8, 2012)
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Threegold Resources Enters Into a Letter of Intent to Sell Dome Lemieux Project to Capstock Financial (January 25, 2012)
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Threegold Resources Acquires Significant Land Position Around the Standard Gold and Duverny Properties (January 4, 2012)
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