HIGHLIGHTS
A prominent alteration zone 1 km wide surrounding a series of high-grade Au-Ag-Cu vein prospects on the southern Kinkaid claims is now thought to be consistent with a possible porphyry-type intrusion at depth.
The discovery of thick packages of skarnified metasediments and previously unknown granitic intrusions on the northern claims near several small-scale former gold-tungsten producers has greatly increased the size potential of the skarn system at Kinkaid.
One of the most striking features of the Kinkaid property is the abundance and variety of high-grade vein occurrences clustered in the southern part of the claim block,' stated
One cluster of these mineralized and altered areas is at least 1 km long and 400 m wide and hosts occurrences that have returned previously reported individual assays up to 36.3 g/t Gold, 2.16% Copper, and 212 g/t Silver with elevated barite, bismuth, antimony and mercury values. The high copper content and strong sericite alteration of most of the showings suggests there has been a magmatic input to the mineralizing fluids, potentially a porphyry Cu-Au system at depth,' he continued.
This discoloured target area is flanked by other high grade vein deposits including the 500 m long series of the Montreal Ag-Au mine workings, and numerous high-grade copper-gold-silver vein type deposits of unknown extent that do not appear to have been fully evaluated in the past.
The variation in these veins from copper-gold rich prospects, to silver +/- gold veins with high lead and zinc, to those with very high gold values all point to a variation in their depth of emplacement above a presumed pluton,' stated
The northern portion of the claims hosts at least 4 historic skarn occurrences spread across a 1.6 km x 600 m area, including two that were mined underground, reportedly for gold and/or tungsten. Romios' recent mapping indicates that there are potentially two major formations with much greater size potential than the historic mining sites. Mineralization at those sites occurs in garnet skarn horizons that are several metres wide in outcrop but, of potentially greater significance in at least one case, a nearby 40 metre wide partially skarnified package of limestone and calcareous siltstones exhibits local retrograde alteration and minor visible copper mineralization.
This thick package of prospective strata has been traced for over 400 metres so far and two previously unknown granitic plutons have also been discovered nearby. For the first time, gossanous mineralization and garnet skarnification was also located along the edge of a major, 200 metre wide, limestone formation between the historic workings and a major batholith that crops out 300 metres to the north. These thick, skarnified limestone packages and the newly discovered granitic plutons that may have acted as the heat and Cu-Au-W source for the skarn deposits provide excellent, large-scale prospective targets with potential for much larger mineralized zones than were mined here in the past.
Assays are now pending from numerous samples collected from the skarns, mineralized veins and alteration zones during the
Background
The Kinkaid property consists of 109 claims, covering approximately 9.2 sq km, 18 km east of the town of
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