gold & base metal targets in the dominican republic
DESCRIPTION
Gold & Base Metal Targets in the Dominican Republic. Energold Mining Ltd. H. Walter Sellmer, President Frederick W. Davidson, CFO. EGD-V. Energold Mining Ltd. VSE-listed junior 14.3 M shares (17.4 M fully diluted) past year hi-low: $0.90-$0.30 Current Assets: $2.25 M. - PowerPoint PPT PresentationTRANSCRIPT
Gold & Base Metal Targets in the Dominican Republic
Energold Mining Ltd.H. Walter Sellmer, PresidentFrederick W. Davidson, CFO
EGD-V
Energold Mining Ltd.
• VSE-listed junior
• 14.3 M shares (17.4 M fully diluted)
• past year hi-low: $0.90-$0.30
• Current Assets: $2.25 M
Jan. 15, 1998 to Jan.15, 1999 share price
The Dominican Republic• The D.R.
hosts the world class Pueblo Viejo gold deposit
• EGD has been active in the D.R. for the last 3 years
Longyear Concession
• Oxide gold target
• Held by Casa Real, S.A., a 100% EGD-owned Dominican company
Longyear Concession
Longyear Concession
Longyear Concession
Longyear Concession
• 700 x 1600 meter >50 ppb gold in soil anomaly• soil & rock anomalies underlain by strong IP/Resistivity
anomalies• >245 outcrop, pit & trench samples average >1 g/t gold over a
300 x 700 meter area• the first 400 m of trenching shows multi-gram gold values
over 5 to 25 m, in longer sections averaging > 1 g/t gold• 1000 meter diamond drill program to assess the oxide gold
potential is underway
San Antonio I Concession• Gold-rich
VMS target
• Held by Minera Hispaniola, S.A., a 100% EGD-owned Dominican company
• Property optioned to ATNA Resources Ltd.
San Antonio I Concession
San Antonio I Concession
• Gold & copper in soil & rock anomalies over a 6.5 km strike length
• IP/Resistivity anomalies coincident with soil anomalies
• Previous drilling intersected massive sulphide grading 1.18% copper, 0.53% zinc, 0.7 g/t gold & 9 g/t silver over 15.6 meters
• Surface program underway, 2000 meter drill program with J.V. partner Atna Resources planned for early spring
Baritina Concession• Structurally
hosted gold-silver-zinc target
• Held by Minera Monte Plata, S.A.
• EGD holds a 60% back-in to MMP
Baritina Concession
Baritina Concession• Four mineralized zones have been identified in a 0.5 x 1.4
km area
• Structural component recognized, with mineralization at the intersection of NW and NE trending structures
• Preliminary surface results include 1.8 g/t gold, 36.4 g/t silver and 0.72% zinc over 32 meters and 5.6 g/t gold over 2 meters
• Work to date indicates further surface work is warranted to
assess this high-quality target prior to drilling
Rey Midas Concession• High
sulphidation epithermal gold target
• Held by Actividades Mineras, S.A.
• EGD has a right to earn 60% of AMSA
Rey Midas Concession
Rey Midas Concession
• Mineralization at Rey Midas occurs along strike from the Managua Project, with a mineral inventory of 6 Mt grading 0.81% copper, 2.2 g/t gold, 5.7 g/t silver
• Pyritic sediments of the Pueblo Viejo Member of the Los Ranchos Formation crop out at Rey Midas
• High sulphidation epithermal alteration assemblage is present at Rey Midas
• Further surface work required prior to drilling testing this high sulphidation epithermal gold target
Summary• EGD holds a
strategic land position in the D.R., with gold & base metal targets
• Drilling is underway at
Longyear & planned for early spring
at San Antonio I