InvestorsHub Logo
Followers 2181
Posts 21966
Boards Moderated 14
Alias Born 01/07/2011

Re: fast.money post# 171

Thursday, 07/12/2012 10:52:30 AM

Thursday, July 12, 2012 10:52:30 AM

Post# of 378
$VRCFF - The AU/WEN Property covers a large area where widespread copper and gold mineralisation in the Upper Triassic Nicola Group occurs within a short distance of the Pennask Batholith contact. The property is within the regionally prospective Nicola Belt that hosts the major deposits of the Ingerbelle, Craigmont and Afton mines and is locally within the well-known Aspen Grove copper-gold camp.

At the WEN Prospect, although gold mineralisation at the Hodge and Nesbitt showings are restricted to narrow veins, the occurrence of higher values in “microdiorite” is significant in that other mineralized microdiorite bodies may lie concealed at depth as apophyses of the Pennask Batholith. The area remains prospective with future exploration designed towards the investigation of deeper targets.

At the SOL claim, the magnetic anomalies are related to magnetite and copper-bearing skarn. The two untested anomalies B and C are prospective targets for future drilling.

Soil sampling at the WEN claim that was conducted east of the drilled area suggest that additional sampling should be extended west of the sampling grid. The northwesterly trends of gold anomalies near the center of the grid are suggestive of concealed gold- bearing veins similar to the “Main” vein outside of the grid area to the northwest.

The TOE claims sitting astride the contact between the Nicola Group and the Pennask Batholith contains a large copper soil anomaly that has not been properly evaluated. The erratically distributed copper values in soil are seen as a function of the absence of a consistent sampling horizon.

On the basis of the above, the AU/WEN Property remains a property of merit and warrants a comprehensive exploration program.