November 19, 2010
New gold mineralization type discovered in the Mauken
greenstone belt
Scandinavian Highlands is pleased to report encouraging
preliminary results from its 2010 fieldwork at the Mauken
greenstone belt licence.
A new gold mineralisation type, hosted in sub-vertical dipping
mafic amphibolites, has been located. The gold mineralization is
associated iron oxides, mainly magnetite. The best surface rock
grab samples return:
- 5.80 g/t gold, 17.1 g/t silver, 28.2 % iron, 42.0 g/t
bismuth
- 4.95 g/t gold, 11.4 % iron, 5.0 g/t bismuth
This mineralisation type is generally characterised by low
sulphur and copper content.
The mineralisation system is likely to be associated with a
second order linear structure running sub-parallel with the gold
mineralisation in the Main Zone situated approximately 1 km to the
northeast. The system is tracked for more than 1300 meters and is
open in both ends. Several samples within this zone assayed >
1g/t gold.
There is no direct association with arsenic and antimony as seen
in the Main Zone gold mineralization type.
Stream sediment samples draining the new target area return up
to 0.25 g/t gold.
Scandinavian Highlands is currently planning a ground magnetic
survey to delineate the discovery / drill target.
Last updated: May 11, 2012
Gold mineralisation in Fe-oxide zone in mafic
amphibolites.