Reliance conducts sampling in Palopo
Saturday, February 25 2012 - 02:52 AM WIB
Vancouver-based firm Reliance Resources Limited had conducted a reconnaissance rock chip sampling at the Mangkaluku North and Siguntu Gold Prospect within its Palopo property in Sulawesi to test for extensions of quartz-sulphide veins with gold mineralization.
The company stated in a press statement on Friday that the sampling at Siguntu took place to locate the source of alluvial gold being worked by local villagers in Lattupa Valley.
These two prospects have the least amount of historical exploration activity with Mangkaluku North defined by a single rock sample which assayed 25 g/t Au.
Exploration is planned to continue along this zone to the north of Mangkaluku and to the south towards the Balantungan Prospect, in preparation for drilling.
At Mangkaluku North a total of 23 reconnaissance rock chip samples were collected from various rock-types over an area 1.5 to 2 kilometers north of Mangkaluku along a major NNW-trending structural zone.
Results show that 17 samples contain weak to moderately anomalous levels of gold; 8 samples were strongly gold mineralized >0.5 g/t Au, and three samples returned very high gold values of: 18.9, 21.0 and 29.1 g/t Au.
Gold mineralization that has been identified to date at the Siguntu prospect consists of thin but high-grade mesothermal veins along the banks of the Lattupa River.
Three rock chip samples were taken and all returned significant gold values with a highest value of 70 g/t Au from altered volcanic rocks cut by numerous quartz veinlets.
Editing by Benget Besalicto Tnb.