|
Aurora Property
| Initial Resource Estimate |
Zone |
Indicated |
Inferred |
| Grade |
Million Ounces |
Grade |
Million Ounces |
| Rory's Knoll |
2.84 g/t Au |
1.33 |
2.92 g/t Au |
2.38 |
| Aleck Hill |
3.55 g/t Au |
0.64 |
2.07 g/t Au |
0.12 |
| East Walcott Hill |
|
|
3.11 g/t Au |
0.18 |
The Aurora property is in the Cuyuni greenstone belt of the Guiana
Shield.in the Amazon Craton. It consists of a number of gold deposits
on the eastern side of the Aurora zoned intrusion.
Gold was produced from underground operations
at Aleck Hill and the Mad Kiss Mines between 1940 and 1948 and the
gold deposits were interpreted as fracture controlled, mesothermal
veins. The gold veins are accompanied by ankeritization, pyritization
and sericitization of the wall rocks. Where the gold veins are closely
spaced, gold values approach commercial values.
At the Rory’s Knoll deposit, gold is associated
with disseminated pyrite and silicification in a zone of narrow
dykes cutting an assemblage of finely bedded/ foliated volcanic
flows, tuffs, and associated sediments. The field name for this
zone is “Tonalite": Rory’s Knoll is completely
different from the other known occurrences and provides a large
volume of lower grade material.
Historic exploration on this property was directed
toward high-grade gold mineralization in mesothermal quartz veins.
The discovery of the Rory’s Knoll occurrence has changed the
exploration focus to large volume concentrations of lower gold values.
The gold occurrences on the Aurora Property can be divided into
three groups on the basis of the amount of exploration information.
The best known, are in the Central Aurora Area near the Aurora Mine
and include Aleck Hill, Mad Kiss, South Mad Kiss, West Mad Kiss,
Walcott Hill, East Walcott Hill, North Aleck Hill and Rory’s
Knoll. In each of these areas gold has been found in surface trenches,
underground adits and crosscuts and diamond drill holes.
|