The geologic features of the Penga Oldal Au-anomaly, including close proximity to an illite deposit, and inclusion within a large area of hydrothermal alteration suggests good potential for an upper-level quartz-adularia Au-Ag deposit or hot springs-type Au-Ag deposit with the potential to host a large precious metal deposit. This target anomaly has similarities with the Kremnica Resource in Slovakia (22.3 Mt at 1.54 g/t Au for 1.1 Moz Au), mainly high-level low sulphidation mineralization related to late-stage rhyolite intrusives, and as such is considered a high quality drill target.
Drilling in late 2007 on (6 core holes for 806 metres) all intersected alteration features consistent with a shallow-level epithermal mineralized system. Locally, the alteration-mineralization features intersected include hydrothermal breccias, cross-cutting banded quartz-chalcedony veinlets, lattice-structure quartz, and disseminated fine-grained sulphides in intensely silicified tuffs. Assay results indicate this alteration-mineralization system is gold and silver bearing with 5 of 6 drill holes intersecting discrete zones with > 1.0 g/t Au. Drill intersections and drill hole descriptions are shown in the tables below and on the accompanying drill plan map.
Drill hole intersections from the Fuzerradvany Concession initial drill program, December 2007.
Drill Hole |
From
(m) |
To
(m) |
Length
(m) |
Thickness*
(m) |
Au
(g/t) |
Ag
(g/t) |
|
|
|
|
|
|
|
|
|
FR-55 |
28 |
47 |
19 |
12 |
0.63 |
16 |
|
Incl |
38 |
39.3 |
1.3 |
0.8 |
2.49 |
21 |
|
|
83 |
85 |
2 |
1.2 |
3.23 |
68 |
|
|
119 |
121 |
2 |
1.2 |
2.09 |
160 |
|
FR-57 |
101 |
105 |
4 |
2.5 |
1.03 |
53 |
|
Incl |
103 |
104 |
1 |
0.6 |
3.15 |
159 |
|
|
111 |
112 |
1 |
0.6 |
5.73 |
75 |
|
|
132 |
156 |
24 |
15 |
1.7 |
171 |
|
Incl |
138 |
154 |
16 |
10 |
2.35 |
237 |
|
Incl |
144 |
153 |
9 |
5.6 |
3.33 |
247 |
|
FR-61 |
58.9 |
60 |
1.1 |
0.7 |
3.16 |
883 |
|
|
66 |
71 |
5 |
3.1 |
1.22 |
31 |
|
Incl |
70 |
71 |
1 |
0.6 |
4.27 |
15 |
|
FR-68 |
145 |
148 |
3 |
1.9 |
1.34 |
25 |
|
FR-69 |
NSI |
|
|
|
|
|
|
FR-74 |
28.74 |
59 |
30.26 |
19 |
0.67 |
40 |
|
Incl |
28.74 |
29.74 |
1 |
0.6 |
2.94 |
946 |
NSI = no significant intersections
*Estimated true thickness
Drill hole details Table from the Fuzerradvany Concession initial drill program, December 2007.
|
Drill Hole |
Fence |
Azimuth (degrees) |
Declination (degrees) |
Total Depth (meters) |
|
FR-74 |
1000N |
260 |
-52 |
127.2 |
|
FR-68 |
1000N |
260 |
-50 |
148.0 |
|
FR-69 |
1000N |
80 |
-47 |
107.1 |
|
FR-55 |
870N |
230 |
-50 |
150.1 |
|
FR-57 |
690N |
230 |
-50 |
160.8 |
|
FR-61 |
550N |
230 |
-50 |
112.6 |
Note: all drill holes are diamond core