Early-stage Exploration Play
Puruni Gold Project Overview
The Puruni Gold Property (“Puruni” or “the Property”) consists of 2259 hectares (5584 acres) and is located approximately 250 kilometers southwest of Georgetown, the capital of Guyana.
- The Property can be reached by road (arriving as close as the Peters Mine), helicopter, or river boat with a gravel road from the mouth of the Mazaruni River passing within a few hundred meters of the Property.
- The Property consists of five (5) Mining Permits – Medium Scale (MP) and one (1) Prospecting Permit – Medium Scale (PPMS) totalling in area 23 km2.
- The Permits are traversed by the Puruni River in the Mazaruni Mining District No. 3, Guyana, N.T.S. Sheet Puruni -26 SW.
- Exploration project with previous work including soil and rock sampling, trenching, and limited drilling.
- Puruni Gold Project is located in an historic gold district which includes the Peters Mine recognized as the first active gold mine in Guyana
- Project crossed by Puruni River which includes active alluvial mining
- Road access to Peters Mine (10km north of the Project). Historic Peters Mine (owned by Zijin Mining as a result of their purchase of Guyana Goldfields in 2020) one of the first recorded gold mines in Guyana.
- The Peters Mine was discovered in the 1890’s by porknockers (local small-scale miners) and underground development and mining was in operation prior to WW1. The district has been subjected to a number of regional airborne and ground exploration surveys which have defined a north-south trending deformation zone, which hosts the quartz vein related gold mineralization at Peters Mine, and trends onto the Puruni Gold Property.
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Geochemical Anomalies Soil and Rock Samples
A geochemical survey completed over the central part of the Property consisted of samples at 100-metre intervals on lines spaced 500 m apart over a grid 6.5km by 1.6 km.
224 saprolite (weathered bedrock) samples collected using a hand-powered auger.
23 samples were considered strongly anomalous ranging from 35 to 4004 ppb Au defining five prospective gold targets (Zones A through E) within the Property.
Mechanical trenching by the previous owners at the Zone C exposed a northwest to southeast trending quartz vein and vein stockwork system.
A total of five trenches were completed over a strike length of 800 metres at trenching intervals of 200 metres.
Gold values from trench samples ranged from <0.01 g/t Au to 9.6 g/t Au including individual samples assaying 2.5 g/t Au, 6.2 g/t Au and 9.6 g/t Au.
Seven diamond drill holes completed in 2011 were reported to have returned anomalous gold values.
In 2012 a four-hole, 906-metre drill diamond drilling program intersected up to 19.9 grams per tonne silver over 10.0 metres from 3.0 m in including a subinterval of 60.7 g/t Ag over 3.0 m from 3.0 m and 0.5 g/t Au over 2.0 m from 85.0 m.
Photos from exploration and drilling program 2010-2012