Canadian Company Releases Golden Triangle Exploration Results

The Gold Report - Streetwise Exclusive Articles |

Source: Streetwise Reports   09/24/2018

The explorer reported that it has found outlines of encouraging soil geochemical anomalies.

Shamrock Enterprises Inc. ( (SRS):CSE) released the results of the phase 1 exploration program at its Portland property located approximately 20 kilometers north of Stewart, B.C., in the Golden Triangle.

"The Portland property consists of the Portland, Kimball Lake and American Creek claim blocks, and the work program focused largely on the Portland block, which covers an area of over 24 square kilometers straddling Highway 37A and the power line running between Stewart and Meziadin Junction," stated the company. "One day of exploration was also conducted on the American Creek and Kimball Lake blocks, which lie six and 12 kilometers north of the Portland block, respectively."

The company assayed a total of 175 soil, 33 stream sediment, five moss mat and 31 rock samples from the Portland property, the bulk of which were collected from the vicinity of the Portland and Victor showings.

"The program was designed to relocate the actual Portland and Victor showings, which were discovered in the early 1900s, and to assess the Kimball Lake and American Creek areas," stated the company. "Historical work indicates that the Portland showing consists of a 60 cm wide pyrite-rich quartz vein that yielded 8.6 g/t gold and 432 g/t silver, and the Victor Showing comprises massive sulphide lenses grading up to 582.9 g/t silver, 44.0% lead and 22.6% zinc."

According to the company, the Phase 1 crews failed initially to locate the Portland or Victor showings, but soil sampling successfully outlined geochemical anomalies coincident with historic locations for the gold and silver mineralization.

"In addition, at Portland, three float samples of quartz-carbonate vein breccia hosting 2-7% fine to coarse grained pyrite collected from a steeply incised drainage yielded between 0.22 to 1.18 g/t gold, and sampling along soil contour lines below the showing yielded an extensive multi-element soil geochemical anomaly," stated Shamrock. "Soil sampling at the Victor showing also highlighted a number of areas of interest. Two returned anomalous values for zinc (up to 735 ppm), lead (up to 207 ppm), silver (up to 8.1 ppm) and arsenic (up to 1960 ppm), while a third yielded a point anomaly which returned 227 ppb gold and 154 ppm copper."

"Credit to Shamrock's field team for a job well done," stated Charlie Greig, a Shamrock board member and a professional geologist with considerable experience in the Golden Triangle. "Below treeline in the Stewart area can be a tough place to traverse, but the rewards in the Golden Triangle can make it all worthwhile. The positive results of the soil geochem survey clearly merit follow-up work and we look forward to seeing what that work will bring."

Planning for follow-up work to be undertaken before season's end is underway, with consideration being given to further soil geochemical work, prospecting and reconnaissance ground geophysical surveys, stated the company.

"While only limited prospecting and stream sediment sampling was carried out at the Kimball Lake and American Creek blocks, the results are encouraging," Shamrock stated. "At American Creek, a 50 cm wide chip sample collected across a 0.5 to 1 m thick semi-massive to massive arsenopyrite vein returned over 10,000 ppm arsenic, 463 ppm zinc and 177 ppm molybdenum. No significant results were returned from the Kimball Lake work, but less than half of the claim was assessed in the short time on the ground."

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