Results From New Lorraine Discovery And Elsass Prospect
VANCOUVER, BC - 92 Resources Corp. announced the base and precious metal results for the Maven Copper-Gold-Silver Exploration Trend from the recently completed 2019 summer field program at its Corvette-FCI Property. The primary objectives of the program were to sample, expand upon, and rank the known historical prospects/showings, and to discover new areas of mineralization. Highlights over the Maven Copper-Gold-Silver Exploration Trend include: Elsass Copper-Gold-Silver Prospect - New discovery of well-mineralized outcrops over an approximate 350 m strike length with assays including 3.63% Cu, 0.64 g/t Au, and 52.3 g/t Ag; Lorraine Copper-Gold-Silver Prospect - New outcrop discovery approximately 2.3 km along trend of the Elsass Prospect with assays including 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag; Several new high-grade Cu-Au-Ag areas discovered including the Black Forrest Showing with 1.13% Cu, 0.05 g/t Au, and 19.5 g/t Ag; & The Hund Showing with 3.28% Cu, 0.78 g/t Au, and 30.1 g/t Ag.
President and CEO Adrian Lamoureux, said, “We are ecstatic with this first set of assay results from the 2019 surface program at Corvette-FCI. We have now outlined a core trend of high-grade copper-gold-silver mineralization focused on the newly discovered Elsass and Lorraine prospects. With over 8 km of under explored prospective trend, and no drilling completed to date, we have literally only scratched the surface of this trend’s potential”.
The Corvette-FCI Property is situated within the Lac Guyer Greenstone Belt (part of the larger La Grande Greenstone Belt) and trends east-west through the region, approximately 6 to 18 km south of the Trans-Taiga Road and power line corridor. The geologic setting is prospective for gold, silver, base metals, and lithium over several potential deposit styles, including orogenic gold, volcanogenic massive sulfide (VMS), and lithium pegmatite. In addition, Midland Exploration (TSX.v - MD) has recently recognized a magmatic-hydrothermal Cu-Au-Ag-Mo deposit style in the immediate region on its adjacent Mythril Property.
The Elsass Copper-Gold-Silver Prospect is a new 2019 discovery and is located on the FCI West claim block, in an area not historically prospected, approximately 2.5 km southeast of the Golden Gap Prospect, and within the Maven Copper-Gold-Silver Exploration Trend. The main trend contains the new 2019 Lorraine, Elsass, and Black Forrest discoveries, as well as the historical Lac Smokycat-SO and Tyrone T-9 showings, collectively spanning a strike length of over 5 km. The trend continues for another 3+ km to the southeast with the incorporation of the newly discovered Hund Showing and additional proximal historical showings, for a collective prospective copper-gold-silver trend of more than 8 km.
The Lorraine Copper-Gold-Silver Prospect is a new 2019 discovery and is located on the FCI West claim block, approximately 2.3 km along trend to the west of the Elsass Copper-Gold-Silver Prospect. The area is characterized by three mineralized outcrop exposures situated over a strike length of approximately 300 metres. Approximately 700 m west of Lorraine is the Lac Smokycat-SO Showing with historical surface sample grades of 1.75% Cu, 1.47 g/t Au, and 40.5 g/t Ag, as well as individual sample assay highs of 2.93% Cu, 6.26 g/t Au, and 97.7 g/t Ag. Several styles of mineralization are noted from historical descriptions including volcanogenic massive sulphide and epigenetic. The showing further highlights the copper-gold-silver mineralized signature of the Maven Trend.
The Elsass and Lorraine discoveries were made at the very end of the 2019 summer field program and therefore very limited follow-up has been completed. Correspondingly, only a single traverse was completed through the area near its north end, as such, the extent of the surface mineralization is not known. Preliminary interpretation suggests a magmatic-hydrothermal system, potentially associated with adjacent felsic dykes/sills, which will be evaluated further during the next stage of the exploration.
A crew of four persons completed the 2019 summer exploration program over 23 field days, with a total of 680 rock samples collected across the three contiguous claim blocks that comprise the Property - FCI West, FCI East, and Corvette. In addition, a total of 211 soil samples were collected over a grid-focused up-ice of the Lac Bruno Prospect. A summary of the program’s base and precious metal assay results over the Maven Copper-Gold-Silver Exploration Trend have been summarized herein. Regional assay results, including those at Golden Gap and Lac Bruno, as well as all the lithium-tantalum results are being compiled and will be reported shortly.