NewsWhore
08-13-2009, 06:20 PM
The Canadian mining company, Novus Gold Corporation announced the discovery of a one kilometer long, north-south trending, gold and copper mineralized structure at its La Yagua gold exploration concession (9,900 hectares) in the DR.
The company says grab samples of oxidized material grade up to 13 grams gold per ton, 41 grams silver per ton and more than 50% of the samples graded more than 1% copper (10,000 ppm geochemical).
The mineralization on the La Yagua property is located on the same stratigraphic interface as the Cerro de Maimon mine (Globestar Mining) located 19 km away that is exploiting a VMS deposit (6Mt of 2.5% Cu, 1.2 g/t Au, 38 g/t Ag and 1.5% Zn). There is potential for 14 kilometers of this favorable interface on the Novus property.
Novus Gold also owns the La Paciencia property (8,600 hectares) which is underlain by the same geology as the major Pueblo Viejo gold deposit located 10 kilometres to the east. The concessions are approximately one hour northwest of the Dominican Republic's capital city of Santo Domingo.
More... (http://www.dr1.com/index.html#11)
The company says grab samples of oxidized material grade up to 13 grams gold per ton, 41 grams silver per ton and more than 50% of the samples graded more than 1% copper (10,000 ppm geochemical).
The mineralization on the La Yagua property is located on the same stratigraphic interface as the Cerro de Maimon mine (Globestar Mining) located 19 km away that is exploiting a VMS deposit (6Mt of 2.5% Cu, 1.2 g/t Au, 38 g/t Ag and 1.5% Zn). There is potential for 14 kilometers of this favorable interface on the Novus property.
Novus Gold also owns the La Paciencia property (8,600 hectares) which is underlain by the same geology as the major Pueblo Viejo gold deposit located 10 kilometres to the east. The concessions are approximately one hour northwest of the Dominican Republic's capital city of Santo Domingo.
More... (http://www.dr1.com/index.html#11)