The Property includes ten mineralized zones: South, Lear, Alpine, Brookmere, Line 6, Mik, Tower, Forget Me Not (“FMN”), Franz, and Romeo Zones. Mineralization occurs in these Zones as gold-silver bearing quartz vein zones, largely hosted in a rhyolite dome, with the primary vein system extending for more then 4 km.
Deposit Type
Mineralization at the Shovelnose Gold Property - South Zone is typical of low-sulphidation epithermal systems in subaerial volcanic rocks.
Mineralization
Mineralization in the Vein Zones of the South Zone is dominated by ginguro, a cryptocrystalline, unsorted, amalgamated sulphide dust that precipitates as black, mm-scale bands along crustiform and colloform bands in vein zones (Izawa et al., 1990). Ginguro typically occurs as black bands, and locally may be discreet amalgamations of crystals. Sulphides present are chalcopyrite, electrum, naumannite, sphalerite, galena, pyrite and marcasite, with minor amounts of acanthite, aguilarite, tetrahedrite, greenockite (or hawleyite), Au-Ag selenide, hessite, pyrargite and miargyrite. Pyrite ± marcasite occur in association with veining and are generally observed peripheral to main vein zones and limited in extent. Visible massive or crystalline sulphides are very rare at the South Zone. Gold grades in ginguro-rich zones at the South Zone commonly exceed 30 g/t; for example, drill hole SN19-01 intersected 39.3 g/t Au over 12.66 m.
Mineralization textures observed at t ........