Section B-B' shows an east-west oriented cross section with holes Ox13-48 and 49 which were drilled toward the east at angles of -45 and -65 degrees, respectively, and were designed to intersect a north trending fault zone (the Damascus Fault) which offsets mineralization. Both holes successfully intersected the fault and help define its location in the southern part of the deposit. In the southern area, the fault separates mineralized sedimentary rocks on the west side from strongly altered but unmineralized volcanic or fine grained intrusive rocks on the east side. Hole Ox13-48 intersected 114.3 metres grading 0.28% copper and 0.041% molybdenum (0.48% copper equivalent) from 5.7 to 120 metres depth, including 70 metres grading 0.32% copper and 0.061% molybdenum (0.62% copper equivalent) from 50 to 120 metres depth. Hole Ox13-49 intersected 92 metres grading 0.28% copper and 0.034% molybdenum (45% copper equivalent) from 40 to 132 metres depth. The Damascus Fault bounds mineralization in the southern part of the deposit, however, in the northern part of the deposit, mineralization is inferred to continue to the east of the fault under a shallow pond (see the drill hole location map link above). Future drilling near the north end of the Ox deposit will test for mineralization on the east side of the Damascus Fault, and if successful could lead to significant expansion potential for the deposit.
Section C-C' is oriented to the northeast perpendicular to the main intrusive contact and shows holes Ox13-50 to 53. The section defines a mineralized zone roughly 200 metres wide by 150 metres deep, with mineralization remaining open to the southwest and to depth. Mineralization starts at surface, beneath a few meters of gravel cover, and contains higher grades on the east side adjacent to the intrusive contact. Hole Ox12-50 intersected 62.5 metres of continuous mineralization grading 0.34% copper and 0.027% molybdenum (0.5% copper equivalent) starting at 12 metres depth and extending to the contact of a coarse porphyritic intrusive body at 74.5 metres depth. Included in this zone is a 32.5 metre interval grading 0.44% copper and 0.033% molybdenum (0.65% copper equivalent) from 42 to 74.5 metres depth. Hole Ox12-51 intersected 85.9 metres grading 0.34% copper and 0.038% molybdenum (0.55% copper equivalent) from 9.5 to 95.4 metres depth, including 34.4 metres grading 0.41% copper, 0.044% molybdenum, and 0.12 g/t gold (0.68% copper equivalent) from 61 to 95.4 metres depth. This is the first hole at Ox where porphyry style mineralization contains appreciable gold credits, and opens up the potential for gold rich zones within the system.
Dr. Shane Ebert, president of Gold Reach, commented: "The company is extremely pleased with the higher grades encountered in the 2013 drilling to date. Infill drilling continues to intersect higher grades than predicted by the current resource model, confirming the potential to increase grades through additional shallow drilling. Additional holes are being drilled into the east edge of the deposit to determine if a higher-grade core can be delineated."
The mineralized zone at Ox has been identified over a length of 750 metres and typically has widths ranging from 100 to 200 metres and extends to depths of 150 to 230 metres. Mineralization in this zone starts at surface, below a few metres of glacial gravels, and is being evaluated as a potential open-pit-minable resource. A recent structural reinterpretation of the Ox zone suggests the deposit has been offset along a fault and continues under the shallow pond to the east. If this interpretation is correct the deposit could extend another 500 metres to the northeast, significantly increasing the size potential of the system.
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