Geologist Chet Idziszek is probably better known for his work on the Eskay Creek gold mine project in northwestern British Columbia, or the advanced Petaquilla copper project in Panama, than for being an expert on King Tut.
But the award-winning mine-finder has been exploring the King Tut property in Argentina’s Rioja province through a junior company, La Plata Gold (VSE), which he helped launch last year.
La Plata (not to be confused with Plata Mining, also working in Rioja province) reports that its preliminary evaluation of the land package has confirmed the presence of high-grade gold and cobalt values in association with quartz vein structures.
Sampling on two levels (with a vertical separation of 30 metres) returned selected chip values of 12.08 grams gold per tonne (0.352 oz. per ton), with 5,000 parts per million (ppm) cobalt over 1 metre, and 14.5 grams gold (0.43 oz.) with 20,000 ppm cobalt over 1.5 metres.
The junior reports that previous magnetometer and electromagnetic surveys indicate the vein structure, which dips steeply in a west-north-west direction, continues along strike.
Surface examinations suggest a northerly trending zone of alteration which, the company says, may also be significant with respect to mineralization. Two grab samples of clay and chloride-altered metasediments hosting silica and/or limonite veinlets associated with this structure yielded values of 3,442 parts per billion gold (ppb) with 1,155 ppm cobalt, and 659 ppb gold with 915 ppm cobalt.
Geological mapping, prospecting, geochemical sampling and test geophysical surveys will soon get under way in order to assess the potential of the mineralized structures and to determine if others are present.
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