Geochemical sampling at the Modi Taung gold project in central Myanmar has turned up more nuggets for
Tunneled into SW Zone 3, Adit 6 returned up to 321.7 grams gold per tonne over as much as 1.6 metres of quartz-veining. The results are similar to those obtained in earlier adits, crosscuts and trenches, including 3,475 grams gold over 1.3 metres in trench 18.
Since late 2000, Ivanhoe has discovered five parallel, mesothermal vein systems within 4.5 sq. km. The steeply dipping structures vary from 500 to 800 metres in strike length, and are 200 metres apart and hosted by metasediments. Efforts are focused on SW Zone 3, which has been exposed vertically for 300 metres by a crosscutting creek. Six adits and 26 trenches have outlined mineralization over a strike length of 600 metres, with individual veins widening up to 3 metres.
Gold appears to be restricted to the quartz veins and is both of primary and secondary origin, occurring as free particles and in contact with pyrite. Grades are erratic and spotty, as is typical of mesothermal environments. Ivanhoe is extending Adit 1, which runs parallel to SW Zone 3, starting from the creek bed. Crosscuts are being driven for sampling purposes and to provide drill stations. A 10,000-metre drill program is to begin in mid-September.
Modi Taung is part of the Block 10 concession, in which Ivanhoe holds an 83% interest. The remainder is dividend between two government agencies.
Ivanhoe is also following up new discoveries in South Korea, paying particular attention to four low-sulphidation, epithermal prospects that are near to each other. Trenching has returned up to 603 grams gold and 4,259 grams silver over 3.6 metres, and drilling has averaged as much as 163.45 grams gold and 50.2 grams silver over 1 metre (T.N.M., April 9/01).
Be the first to comment on "Modi Taung yields more high grades"