Central Discovers New Gold Showing at TAC Property Samples up to 3.9 Grams per Tonne Gold
September 15 2011 - 4:50PM
Marketwired
Central Resources Corp. (TSX VENTURE: CBC) ("Central" or the
"Company") is pleased to provide results from exploration of the
TAC property, Yukon. A four day reconnaissance exploration program
was conducted with a three man crew. Exploration work was focused
on assessing the nature and extent of the known gold mineralization
at the Rhyolite Zone and following up an anomalous rock sample
collected last year which has led to the discovery of a new gold
mineralized showing.
No Name Creek Zone
While following up an anomalous gold result from last year, a
new mineralized zone was discovered. The No Name Creek Zone is
characterized by moderately altered and silicified granodiorite in
close proximity to a quartz-feldspar porphyry. Nine grab samples
were collected from an area of about 200 metres by 200 metres. Of
the nine samples collected, five samples exceeded 100 ppb gold, two
samples exceeded 500 ppb gold and one sample exceeded 1,000 ppb
gold. The highest value obtained was 3,887 ppb (3.9 grams per
tonne) gold. See Table 1 for the significant results.
Rhyolite Zone
A total of 21 samples were collected from the Rhyolite Zone and
the area immediately surrounding it. Of the 21 samples collected,
13 samples exceeded 50 ppb gold, 12 samples exceeded 100 ppb gold
and four samples exceeded 500 ppb gold. The highest value obtained
was 1,099 ppb (1.1 grams per tonne) gold. See Table 1 for the
significant results.
Previous work has shown that the Rhyolite Zone is characterized
by a large gossanous (iron-oxide stained) quartz-sericite
alteration zone measuring 500 by 800 metres, hosted by rhyolite
tuffs. Within this area, a 180 metre wide body of sheared and
silicified rhyolite, exposed in a creek drainage, has returned
multiple grab samples consistently running 500 to 1,500 ppb gold
(see news release dated March 30, 2011). Results from the current
sampling program show that mineralization extends in to the
surrounding granodiorite. Elsewhere on the property, historic
samples of quartz vein-breccia float returned values as high as
8,400 ppb (8.4 g/t) gold and 108 g/t (3.5 opt ) silver. The outcrop
source of these mineralized samples has yet to be identified.
Central is encouraged by the geological setting of the TAC claims
and the tenor of gold mineralization found to date.
Table 1: Significant results
---------------------------------------------------------------------------
Showing Sample UTM UTM Sample Sample Lithology Gold As Bi
East North Type Width (ppb) (ppb) (ppm)
(m)
---------------------------------------------------------------------------
No Name 578004 472829 6690992 Outcrop Grano- 108 7.60 0.05
Creek Grab diorite
---------------------------------------------------------------------------
No Name 579858 472904 6691008 Outcrop Quartz- 197 5.20 0.20
Creek Grab feldspar
porphyry
---------------------------------------------------------------------------
No Name 579859 472904 6691008 Outcrop Grano- 3887 19.20 0.05
Creek Grab diorite
---------------------------------------------------------------------------
No Name 579860 472901 6690988 Outcrop Quartz 657 26.50 0.20
Creek Grab
---------------------------------------------------------------------------
No Name 579861 472884 6690902 Outcrop Qtz- 257 16.70 0.70
Creek Grab pyrite
shear
zone
---------------------------------------------------------------------------
Rhyolite 578007 471075 6692032 Outcrop 0.50 Grano- 814 2729.70 0.10
Chip diorite
---------------------------------------------------------------------------
Rhyolite 578009 470971 6692039 Outcrop Rhyolite 312 1070.80 0.20
Grab
---------------------------------------------------------------------------
Rhyolite 578010 470974 6692064 Outcrop 1.00 Rhyolite 1099 4053.30 0.10
Chip
---------------------------------------------------------------------------
Rhyolite 579852 471185 6692134 Float Rhyolite 682 181.40 7.40
Grab
---------------------------------------------------------------------------
Rhyolite 579866 471003 6692005 Float Quartz 227 643.20 0.10
Grab
---------------------------------------------------------------------------
Rhyolite 579867 470981 6692004 Outcrop 0.60 Rhyolite 212 3841.60 0.20
Chip
---------------------------------------------------------------------------
Rhyolite 579868 470981 6692004 Outcrop 2.50 Rhyolite 470 3900.30 0.40
Chip
---------------------------------------------------------------------------
Rhyolite 579869 470981 6692004 Outcrop 4.00 Rhyolite 312 1258.60 0.30
Chip
---------------------------------------------------------------------------
Rhyolite 579870 470935 6692111 Outcrop 4.50 Rhyolite 205 1712.60 0.05
Chip
---------------------------------------------------------------------------
Rhyolite 579871 470935 6692111 Outcrop 6.50 Rhyolite 425 1597.50 0.05
Chip
---------------------------------------------------------------------------
Rhyolite 579873 471045 6692193 Float Rhyolite 433 1252.40 0.20
Grab
---------------------------------------------------------------------------
Rhyolite 579874 471050 6692200 Outcrop Brecciated 777 157.10 0.05
Grab phyllite
---------------------------------------------------------------------------
Field work was supervised by Paul Reynolds, P.Geo., President of
Central Resources Corp., a Qualified Person under the definition of
National Instrument 43-101. Mr. Reynolds is responsible for all
aspects of the work including the quality control/quality assurance
program. On-site personnel at the project collect and track samples
which are then sealed and shipped to Acme Analytical Laboratories
Ltd., in Vancouver. Acme's quality control system complies with the
requirements for the international standards ISO 9001:2008.
Analytical accuracy and precision are monitored at the laboratory
by the analysis of reagent blanks, reference material and replicate
samples.
Paul Reynolds, P. Geo., President of Central and a qualified
person as defined by National Instrument 43-101 managed the
exploration program and has reviewed and approved the technical
disclosure made in this press release.
About Central Resources
Central Resources Corp. is a junior exploration company created
to leverage the extensive knowledge and experience of a dedicated
group of financial and resource industry professionals. The Company
has acquired options on several highly prospective mineral
properties in the Yukon and British Columbia and continues to
pursue additional opportunities to build shareholder value.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Important factors - including the availability of
funds, the results of financing efforts, the results of exploration
activities -- that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's
documents filed from time to time on SEDAR (see www.sedar.com).
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Central Resources Corp. Paul Reynolds President and
CEO 604-630-3730 info@centralres.ca www.centralres.ca Strike
Communications Inc. James Berard 604-687-2768 or Toll Free:
1-877-459-5507 james@strike-ir.com
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