Beijing Donia has recently completed ground work for their research study at the Coxheath Property. Based on the 2012 Induced Polarization (IP) survey and the IP targets they generated, Beijing Donia drilled four drill holes totalling 1259m to test their model and gather hard evidence about downhole rock conditions. It was Donia’s intent to re-evaluate past theories and geo-science studies on the property using the results of this drill program.
Logging of the 4 drill holes by a Donia geologist revealed marginal mineralization, but they will follow through with sampling the intercepts and sending them to a lab for analysis. If the results reveal material amounts of mineralization present, then SFX will issue an update at that time.
Three targeted drill holes totaling 1353 meters have been completed.
No significant shallow mineralization was intersected and part of the anomaly appears to represent the contact between volcanics and the local intrusives. Two of the three holes intersected narrow blind mineralized veins with copper cutting the volcanics. Drill Hole SF11-01 intersected 1.6 meters grading 0.43% Copper at 556 to 557.6m and hole SF11-02 intersected two veins, one grading 0.097% Copper and 0.01% Moly over 1.0 meter at 309 to 310m and the other grading 0.202% Copper and 0.028% Moly at 319 to 321m. We are compiling the new drill information with the geophysical results to assist in determining the next step of our Coxheath exploration plan.
Mr. Harry Cabrita, Silvore Fox President & CEO, stated "Drill results in the new target area continued to show mineralization similar to that we have seen across the entire Coxheath claims area. The ground truth provided by these drill results has assisted our team in developing a stronger understanding of the area at depth and this will shape our ground geophysics and drill programs going forward."
A 10-line (approximately 24 km) Deep Earth Imaging survey utilizing both DCIP & MT technologies has been completed.
The multi-parameter data, from depths of up to 1.5 km, has now been interpreted and combined with available historical data in order to determine valid drill targets. The potential here is for a porphyry system buried under a veneer of younger rocks.
A test drilling program is currently underway and results will be posted here once they become available.
Silvore Fox completed a high-resolution helicopter-borne 435 line kilometer geophysical survey in late 2010 and received the interpretation results in February of 2011. Work was performed with a high-powered, multi-component AeroTEM IV time domain EM system, a high-sensitivity caesium vapour magnetometer, and an airborne Gamma Ray Spectrometer.
The primary target that the survey has detected is a one-kilometer long conductor, potentially indicating sulphides situated along a magnetically defined NE-SW lithological contact transected by interpreted NW -SE oriented faulting.
The independent magnetic and gamma ray spectrometer systems have provided a great deal of lithological and structural information that will be analyzed and integrated with ground truth. Once the survey interpretation has been completed, and an exploration plan decided upon, information concerning the target areas and their exploration will be released to the public.
The President of Silvore Fox Minerals Corp., Mr. Harold J. Cabrita, states, "The results from this airborne geophysical survey wrap up a very busy and productive 2010 exploration program for Silvore Fox. We had some good results from our 2,550 metres of drilling in Coxheath, which we announced on January 18, and this data from the airborne survey should help our geological team to refine our targets going forward as we integrate this new information with the truth from the ground from our drilling and trenching programs. The geological team from Beijing Donia has been providing exceptional technical support to Silvore Fox in analyzing this data."
Drill Results from January 2011
The Corporation's 2010 Exploration Program consisted of diamond drilling, geological mapping, airborne geophysics and trenching in selected areas. The Corporation completed 2,550 metres of drilling in 8 holes with 1,880 samples collected for analysis.
Drilling highlights include the following:
- 56 metres grading 0.19% copper and 0.10g/t gold in DDH ZK301; 39 metres of 0.28% copper and 0.24g/t gold, 23metres of 0.37% copper and 0.33g/t gold in DDH ZK302
- 34 metres at 0.039% moly in DDH ZK201, including 4 metres of 0.303% moly.
The Corporation's President Harold J. Cabrita states: "The results of our drilling and detailed mapping were successful in confirming wide-spread mineralization in the Central Zone while the airborne survey has provided confidence in follow-up exploration in additional anomalous areas. It appears that a mineralized zone consisting of a copper-moly belt in the south-central part of the Central Zone surrounded by copper-gold mineralization occupies an area 300m (long) by 250m (width) and reach a depth of 300m based on limited drilling to date. According to our VP Exploration, Dr. Zhenquan Gao, the Property may have the potential for a low grade - high tonnage copper-gold/high grade moly porphyry type deposit.