The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Felix evaluates Fairbanks claims; Resolution drills Pogo East North of 60 Mining News – July 9, 2021
This summer's exploration on Millrock properties in Alaska includes a program being funded by two Australia-based mineral explorers – Felix Gold Ltd. in the Fairbanks district and Resolution Minerals Ltd. in the Goodpaster district.
A reverse circulation rig testing East Pogo during Resolution Mineral's recently completed drilling on this 64North claim block in the Goodpaster district.
Millrock Resources Inc. July 7 provided an update on the Alaska gold exploration programs being carried out in partnership with two Australia-based mineral explorers – Felix Gold Ltd. in the Fairbanks Mining District and Resolution Minerals Ltd. in the Goodpaster Mining District.
"The exploration season is in full swing in Alaska," said Millrock Resources President and CEO Greg Beischer. "Our funding partners are mounting very significant campaigns that could result in new gold discoveries in the emerging Fairbanks and Goodpaster gold districts."
In the Fairbanks district, Felix is funding an exploration program that is evaluating the large package of gold exploration properties it has accumulated in partnership with Millrock, which could result in drilling of at least one this year.
A newly formed private exploration company that is working on becoming listed on the Australia Stock Exchange, Felix entered into a strategic alliance with Millrock on several Alaska gold properties – Treasure Creek and Ester Dome in the Fairbanks district, plus the Liberty Bell project about 70 miles to the southwest.
Recently, the partners have expanded this large land package with agreements concerning two additional properties in the Fairbanks area – the GST claim block held by Fairbanks Exploration Inc. and the Bank Project Vault and Treasury claim blocks owned by DG Resources.
Situated about 25 miles northeast of the city of Fairbanks, GST is a large block of claims bordering Freegold Venture Ltd.'s Golden Summit property. Millrock says GST appears to cover the eastern strike extent of geological structures the partners believe to control gold mineralization on Golden Summit.
Collectively known as the Bank project, the Treasury and Vault claims border both Golden Summit and Kinross Gold Corp.'s Fort Knox property. Millrock says Bank hosts a number of interesting gold occurrences. The 2021 program at Bank is expected to include soil sampling and prospecting with the goal of developing drill targets for the 2022 season.
In the meantime, a major soil sampling program in preparation for potential drilling later this year is being carried out at Treasure Creek.
Situated about 13 miles west of Kinross's Fort Knox Mine, Treasure Creek hosts numerous prospects with interesting drill intersections reported by prior workers. Roughly 2,000 soil samples are being collected to further delineate drill targets at four of these prospects – NW Array, Big Birch, Old Dog, and Pipeline prospects.
Located about five miles south of Treasure Creek, the Ester Dome property is home to the past-producing Grant gold mine. Millrock says all historical geological data from Ester Dome has been imported into a database and is being evaluated using 3D visualization software.
According to a calculation completed in 2008, the Grant Mine property hosts 126,000 ounces of gold in 613,600 tons of indicated resource averaging 0.21 oz per ton, or about 6.5 grams per ton gold, and 214,100 oz of gold in 2.55 million metric tons of inferred resource averaging 0.08 oz/t, or about 2.5 g/t gold.
Felix is evaluating this resource to determine what, if anything, needs to be done to bring the estimate up to date and in compliance with the Australian Joint Ore Resources Commission (JORC) standards for resource calculations.
While Felix and Millrock evaluate the very large land package they have accumulated in the Fairbanks district, Resolution is drilling targets at 64North, an equally impressive claim block surrounding Northern Star Resources Ltd.'s Pogo gold mine in the Goodpaster district.
Resolution, which recently earned a 30% interest in 64North, recently completed a 12-hole drill program at East Pogo, one of nine claim blocks that make up the larger 64North project.
This 1,663-meter reverse circulation program tested shallow, gently-dipping conductive zones detected by geophysical surveys carried out last year. A total of 1,663 meters was drilled in 12 holes. Resolution reports that seven quartz veins up to 4.6 meters thick were cut in five of the holes drilled.
"We are encouraged to see seven zones of flat lying quartz veining with minor sulphides up to 4.6 meters thick, amongst intensely altered host rock in RC drill chips at the East Pogo prospect," said Resolution Minerals Managing Director Duncan Chessell.
Assay results from this drilling are expected in August.
Millrock owns the remaining 70% interest in 64North.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
Reader Comments(0)