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Golden Fern awarded Blackball permit
7 March 2007 - Golden Fern Resources Ltd, the New Zealand gold exploration subsidiary of Canadian-based CanAlaska Ventures Ltd, has been awarded a gold and silver exploration permit north of Greymouth on the West Coast of the South Island.
The 4775 hectare EP 40 809 is on the southeast side of the Paparoa Range, between the town of Blackball and the southern end of the Pike River coal mining permit.
The area is at the centre of the CanAlaska Croesus Prospecting Permit 39 279 covering a much larger 235 square km area. The Croesus Knob near the head of the Blackwater Creek and Roaring Meg Creek is within the new exploration permit.
Golden Fern says on its website that there has been previous hardrock gold mined in the region from mines in quartz veins at Croesus Knob (2600 oz), and a much smaller amount from Roaring Meg Creek.
Alluvial placer gold has been mined in Blackball Creek (103,000 oz) and Moonlight Creek (19,000 oz), which drain to the southeast from the hardrock mines.
The geology of the area mainly comprises Ordovician Greenland Group metasediments, which host the Reefton goldfield. There is also a stock of early Cretaceous Rahu Suite granite in the headwaters of Moonlight Creek.
Golden Fern says the Croesus area has potential to host stockwork gold deposits. Extensive alluvial gold deposits in local catchments indicate a centre of gold mineralisation within the project area.
“Previous exploration has focussed on the Greenland Group metasediments as the source of alluvial gold, but no consideration has been given to the intrusives, which are likely to be the source of the mineralising fluids,” Golden Fern says.
The work programme for the new EP 40809 requires Golden Fern to complete within two years geological and structural mapping, geochemical sampling and the defining of areas for drilling or detailed sampling. Within three years a geophysical survey and delineation of further drill targets are to be completed.
Source: Golden Fern.
The area is at the centre of the CanAlaska Croesus Prospecting Permit 39 279 covering a much larger 235 square km area. The Croesus Knob near the head of the Blackwater Creek and Roaring Meg Creek is within the new exploration permit.
Golden Fern says on its website that there has been previous hardrock gold mined in the region from mines in quartz veins at Croesus Knob (2600 oz), and a much smaller amount from Roaring Meg Creek.
Alluvial placer gold has been mined in Blackball Creek (103,000 oz) and Moonlight Creek (19,000 oz), which drain to the southeast from the hardrock mines.
The geology of the area mainly comprises Ordovician Greenland Group metasediments, which host the Reefton goldfield. There is also a stock of early Cretaceous Rahu Suite granite in the headwaters of Moonlight Creek.
Golden Fern says the Croesus area has potential to host stockwork gold deposits. Extensive alluvial gold deposits in local catchments indicate a centre of gold mineralisation within the project area.
“Previous exploration has focussed on the Greenland Group metasediments as the source of alluvial gold, but no consideration has been given to the intrusives, which are likely to be the source of the mineralising fluids,” Golden Fern says.
The work programme for the new EP 40809 requires Golden Fern to complete within two years geological and structural mapping, geochemical sampling and the defining of areas for drilling or detailed sampling. Within three years a geophysical survey and delineation of further drill targets are to be completed.
Source: Golden Fern.
