Additional geologic information to be provided soon.
The Animal Pond prospect was discovered by Anaconda Gold in 2004 as a result of surface prospecting adjacent to a soil geochemical anomaly. A mineralized float sample collected during the prospecting assayed 23 g/t Au. Anaconda completed four trenches over a 90 m northeast-southwest strike length (Figure AP1). Trenches 2 and 3 exposed auriferous quartz-stockwork hosted by altered and sheared gabbro. In 2005, Anaconda followed up the trenching with a six-hole diamond-drill program. Drilling returned only anomalous gold values.
Trenching in 2004 exposed a zone of altered coarse to medium grained gabbro with pyritized quartz stockwork veining. The mineralization was exposed in the middle two of four trenches over approximately a 42 m by 32 m area (Figure AP1). The western most trench failed to expose bedrock. Grab samples collected from the mineralized zone assayed up to 61.5 g/t and 30.8 g/t Au. A chip sample collected across the main zone in Trench 3 assayed 3.96 g/t Au over 5.2 m. A 3 m wide zone from Trench 2, located about 30 m northeast of Trench 3 assayed 1.9 g/t Au.
Drilling in 2006, was focused beneath the main mineralized exposure. The results of the drilling did not correlate with the high values observed from the trenches. Holes AP-05-01, 03, 05 and 06 were drilled under Trench 3 and intersected only anomalous gold values (i.e. AP-05-01, 278 ppb Au over 1 m and 400 ppb Au over 0.5 m; AP-05-03, 850 ppb over 2 m; AP-05-05, 695 ppb over 0.15 m). Likewise AP-05-03 and 04 also intersected only anomalous gold values.
From the drilling it would appear that most of the mineralization occurs in the surface outcrops. Drill holes AP-05-01, 03 and 05 intersected a pervasively epidotized and chloritized, 6-14 m wide ductile-brittle low angle (25 to 30 degrees) shear zone. The zone when projected to surface would outcrop near the northern shore of Animal Pond. Core samples from below the fault were anomalous in gold with values up to 400ppb and 850 ppb Au.