Open gold Corp.

Published : April 27th, 2011

(TSX.V: OPG) Drills 8.95 m of 2.11g/t Gold, 0.39 % Copper and 7.0 g/t Silver

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Diamond | Gold | Senator | Silver |

The following is a company news release issued by Open Gold Corp. (TSX.V: OPG). Please visit our website for additional information at www.opengoldcorp.com.

 

Should you have any questions or comments, please contact us at (604) 684-2181 or by email at info@opengoldcorp.com.

 

Regards,

 

Corporate Communications

 

If you wish to be removed from this email list please reply with "remove" as the subject.  Thank you.

 

 

OPEN GOLD CORP.

 

 

Open Gold Drills 8.95 m of 2.11g/t Gold, 0.39 % Copper and 7.0 g/t Silver

 

April 27, 2011  

info@opengoldcorp.com

 

  

Vancouver, British Columbia �V April 27, 2011 - Open Gold Corp. (TSX-V: OPG; Frankfurt: 5OG) (���Open Gold�� or the ���Company��) is pleased to announce the results from the first phase of drilling at its  Eholt gold-copper Project, located in the Boundary District near Grand Forks, British Columbia. Approximately 1,920 meters were drilled in eight core holes.  Six holes tested the Dead Honda zone and two, EH 11�V04 and 05, were drilled in the Senator zone. 

 

Diamond Drill Hole #

From

To

Length

Gold

Copper

Silver

 

(m)

(m)

(m)

g/t

%

g/t

 

 

 

 

 

 

 

EH 11-01

118.48

120.76

2.28

0.43

0.05

nil

 

 

 

 

 

 

 

EH 11-02

197.00

205.3

8.3

1.45

0.35

4.5

including:

 

 

 

 

 

 

 

201.70

205.3

3.6

2.35

0.29

4.2

 

 

 

 

 

 

 

 

212.7

218.3

5.6

0.77

0.33

3.0

including:

 

 

 

 

 

 

 

213.65

215

1.35

1.88

0.82

11.3

 

 

 

 

 

 

 

EH 11-03

5.11

9.00

3.89

0.62

0.14

3.8

 

114.91

115.45

0.54

2.70

0.23

4.9

 

264.26

285.60

21.35

0.35

0.11

2.0

 

313.23

317.16

3.93

0.27

0.48

nil

 

 

 

 

 

 

 

EH 11-04

No significant assays

 

 

 

 

 

 

 

 

 

 

EH 11-05

12.40

14.00

1.60

0.91

nil

13.4

 

 

 

 

 

 

 

EH 11-06

No significant assays

 

 

 

 

 

 

 

 

 

 

EH 11-07

98.85

101.05

2.65

6.66

0.46

7.0

 

104.82

105.70

0.88

1.84

0.50

8.7

 

109.00

109.66

0.66

4.23

1.53

23.3

 

121.20

130.15

8.95

2.11

0.39

7.0

 

 

 

 

 

 

 

EH 11-08

13.85

15.65

1.8

0.96

0.025

nil

 

57.57

69.38

11.80

0.41

0.04

nil

 

All holes drilled in the Dead Honda zone intercepted thick intervals of hornfels and garnet+pyroxene+/-epidote skarn developed in calcareous clastic and carbonate rocks of the Triassic Brooklyn formation.  These rocks are cut by numerous, post-mineral syenite dikes and sills of possible Eocene age.   Sulfide mineralization in the skarn consists of disseminated and semi-massive pyrite + pyrrhotite +/- chalcopyrite.  A positive correlation is seen between gold and copper grades.

 

Holes EH 11-01 and EH 11-06 were drilled at 240 degrees �V50 dip and 233 �V50 dip, respectively, and were designed to test north- northwest trending, east dipping skarn mineralization exposed in trench TR07-17  (10.25metres grading 5.31 g/t Au and 0.21% Cu).    The holes encountered weakly anomalous gold and copper mineralization associated with strong garnet-pyroxene skarn, which may represent the down dip extension of mineralization exposed in the trench.

 

Holes EH 11-02 and 03 were each drilled from the same pad, located approximately 160m east of EH 11-01, and were oriented at 233 degrees with dips of  �V50 and �V70 respectively.  The holes were designed to test the down dip extent of mineralization cut in hole 95-4, which contained 2.7 g/t Au and 0.28% Cu over 27.82 meters.   Hole EH 11-02 encountered 8.3 meters of 1.45 g/t Au and 0.35% Cu associated with strong garnet-pyroxene skarn alteration.   Hole EH 11-03 cut a 21.35 meter zone of lower grade mineralization associated with garnet-pyroxene skarn beginning at 264 meters, which may represent the down dip extent of mineralization encountered in Hole EH 11-02.

 

Drill holes EH11-07 and EH 11-08 were drilled along section, 75 and 150m southwest of hole EH 11-02, in order to determine the orientation of the mineralized zone in holes EH 11-02 and 95-4.  Both holes encountered thick intervals of strong garnet+pyroxene+ epidote skarn alteration and sporadic Au and Cu mineralization.   The best intercepts were in hole EH 11-07, where 8.95 meters grading 2.11 g/t gold and 0.39% copper was cut beginning at 121 meters.  This interval correlates with the zone encountered in hole 95-4, and suggests a north-east strike and 65 degrees east dip of the mineralized zone.  The zone remains untested along strike to the northeast. 

 

Holes EH 11-04 and 05 were drilled at the Senator showing to test gold and copper-bearing massive sulfide lenses exposed in the south and west walls of the Senator pit. These flat-lying lenses occur in Triassic Knob Hill chert and porphyritic volcanic rocks, and are localized between two Eocene syenite sills.  The holes failed to cut massive sulfide mineralization, however hole EH 11-05 encountered 1.6 meters grading 0.91 g/t gold in silicified and brecciated chert. 

 

The drill program, including logging, drill core sampling and QA/QC was supervised by Richard Parish, P. Geo of Coast Mountain Geological LTD.  Core was logged and sampled in a secure facility in Grand Forks, B.C.  After being logged, each box was photographed and core was split lengthwise in half using a Diamond core saw.  Samples varied from 0.5m to 3.0m in length depending on geologic contacts, degree of alteration and visible mineralization.  Poly-bagged split core was placed in security-sealed shipping sacks, which were transported to Acme Labs in Vancouver B.C. by Van Kam Freightways.   All samples were assayed for 36 elements using ICP-MS on a 15 gram pulp.   In addition to Acme��s ISO compliant quality control program, a comprehensive QA/QC program was undertaken by Coast Mountain personnel.  This involved insertion of blind certified standards, blanks and duplicate samples at regular intervals to verify the accuracy of results provided by Acme.   

 

Further drilling is planned at the Seattle Showing later in the year when conditions are optimum for access on the Trans Canada Trail.

 

Jim Kermeen, M.Sc., P.Eng., a Director of  Open Gold and the  Qualified Person for this release states, ��I regard the Seattle as the most promising of the six areas selected for detailed exploration on the Eholt Project and look forward to the results from the upcoming program.��

 

OPEN GOLD CORP.

For further information, please contact:

Hari Varshney, Director

Telephone: 604-684-2181

                                                                                                           

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Open gold Corp.

EXPLORATION STAGE
CODE : OPG.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Open Gold is a gold exploration company based in Canada.

Its main exploration property is EHOLT in Canada.

Open Gold is listed in Canada. Its market capitalisation is CA$ 293 800 as of today (US$ 221 290, € 205 866).

Its stock quote reached its highest recent level on February 18, 2011 at CA$ 0.35, and its lowest recent point on April 03, 2015 at CA$ 0.01.

Open Gold has 29 380 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Open gold Corp.
8/9/2012Closes Fully Subscribed Private Placement
Project news of Open gold Corp.
5/23/2013and General Metals Enter into Definitive Agreement on Indepe...
1/31/2013Signs Letter of Intent with General Metals for Acquisition o...
3/30/2011(Eholt)(TSX.V: OPG) Announces Drilling Update
Corporate news of Open gold Corp.
9/9/2015OPG announces the death of its Board Member Guy Wallier
8/28/2015Release of H1 2015 Financial Information
4/7/2015IIROC Trading Halt - OPG
9/18/2012Provides Corporate Update
6/5/2012News Release
5/8/2012Signs Letter of Intent for the Mitchell Project with Foundat...
4/27/2011(TSX.V: OPG) Drills 8.95 m of 2.11g/t Gold, 0.39 % Copper an...
4/27/2011Drills 8.95m of 2.11 g/t Gold, 0.39% Copper and 7.0 g/t Silv...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (OPG.V)
0.010+0.00%
TSX-V
CA$ 0.010
11/09 15:56 -
0%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : 8
Produces
Develops
Explores for Copper - Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/1/2011
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.30+2.31%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56+3.70%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.55+1.19%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.91-0.87%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.22+1.55%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :