MINING FOR JEWELRY: If Kinross Gold Corporation & Geocom Resources Inc. have their way this will be the future landscape of the Futaleufu River Valley.
Espolon Assays Copper to 3.52% Over 10 Meters and Gold to 20.9 Grams/Tonne Over 5 Meters
BELLINGHAM, WA--(MARKET WIRE)--Apr 16, 2007 -- Geocom Resources Inc. ("Geocom" or "The Company"). Further to the News Release dated March 22, 2007, wherein Geocom announced the positive gold assays in respect of the Espolon Project, part of the south Chile Region Ten joint venture with Kinross Gold Corporation, the Company is pleased to present the silver, copper, lead, zinc, and tungsten analyses recently received from the laboratory.
Strong copper-silver-gold mineralization is hosted by a subhorizontal manto containing high-angle cross-cutting quartz veins and structural zones. The copper mineralization ranges up to 13% and shows a strong association with silver, which returned values of up to 172g/t (5oz/ton Ag). The mineralized zone is also anomalous in lead and zinc. Tungsten (shown here) and bismuth are also geochemically anomalous, reflecting the skarn environment present over part of the Espolon property.
The subhorizontal mineralized manto is cut by a series of mineralized en echelon quartz veins that occupy a strong north-south structural trend. Mineralization in the veins varies up to 60% total sulfide, with locally up to 30% chalcopyrite. This veining is present throughout the zone, but is most intense over a strike length of 1.5 kilometers (0.9 miles) at the northern end of the known manto.
The Espolon Claim Block comprises 13 claims totaling 3,800 hectares (9,390 acres or about 14 square miles). The claims cover a gold-silver-copper mineralized zone that has now been traced over a strike length in excess of 3 kilometers (2 miles). The mineralized zone is 10 to 30 meters thick (32 to 96 feet). The zone consists of a gently dipping altered sequence of volcanic tuffs, limestones, and argillites. These rocks have been thermally metamorphosed and moderately to completely silicified. Within the mineralized zone there is a massive sulfide layer that varies in thickness up to 3 meters (about 10 feet) consisting of pyrrhotite-pyrite with varying amounts of chalcopyrite.
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