Freewest targets gold at Golden Ridge

Junior Freewest Resources (FWR-T) is carrying out a trenching program at its Golden Ridge property on the border of New Brunswick and Maine.

Golden Ridge covers 91 sq. km of contiguous claims, of which more than two-thirds is on the Canadian side of the border. Freewest owns a 100% interest in most of the claims and can earn an equivalent stake in the remainder by paying $280,000 in cash and covering annual lease payments.

Trenches will be dug underneath several gold showings that have assayed up to 8.1 grams gold per tonne in grab samples. The showings are associated with broad zones of phyllic alteration in the Poplar Mountain Volcanic Complex, an elliptical volcanic centre of intermediate composition that measures 4.5 km in length and 1.5 km in width.

Gold mineralization is believed to be controlled by second-order transfer faults that branch off the regional Woodstock fault. Two general types of mineralization have been observed: gold associated with finely disseminated arsenopyrite and pyrite in intensely altered andesite; and quartz-albite cemented hydrothermal breccia developed in, and at the margins of, the intrusion.

A first phase of drilling is scheduled to begin early next year.

Print


 

Republish this article

Be the first to comment on "Freewest targets gold at Golden Ridge"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close