| Referendum Gold Property - Conclusions |
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The Referendum Property contains features that indicate potential for mineable grades of copper. The elevated copper in soil geochemistry and the location of feldspar porphyry, chloritic shears, and malachite staining indicate the potential for a porphyry copper -mineralizing system. Rock samples taken from the property during earlier prospecting returned values up to 4.24% copper. Samples have been primarily obtained from outcrops containing malachite staining with little or no sulphide copper minerals identified. There are a number of exposures of bedrock with malachite staining over an inferred geologic length of approximately 1500 metres. Diamond drilling completed in 2005 by Acrex was not successful at intersecting copper bearing rock with grades similar to those obtained from surface sampling. This is especially true of drilling completed to sample under the exposure that contains the 4% copper, where the core did not return rock types similar to the feldspar porphyry containing the abundant malachite. This lack of intersection does not provide further insight as to the orientation and continuity of the surface mineralization. |