- XAU Resources (GIG) has mobilized a light camp to the Noseno property (Guyana) and begun exploratory fieldwork to sample stream sediment and rock sampling
- The 6-8 week project will determine if a campaign of soil sampling will follow
- Likely to commence in Q1 2023
- XAU Resources (GIG) is XAU Resources Inc is a capital pool company
- XAU Resources (GIG) is unchanged today, trading at C$0.07 as of 4:50 pm ET
XAU Resources (GIG) has mobilized a light camp to the Noseno property (Guyana) and begun exploratory fieldwork to sample stream sediment and rock sampling.
The 6-8 week project will determine if a campaign of soil sampling will follow, likely to commence in Q1 2023.
Approximately 180 stream sediment sample sites are planned. Samples are taken to look for ‘fines’ in and around drainage basins. Samples are then analyzed for gold using 24hr bottle roll (BLEG) and multi-element ICP-MS. These methods spot potential pathfinder elements that may be valuable.
Sampling density is better than just one sample per square km. Panning of active stream sediments will also be performed to compare it with the BLEG method.
The Noseno property is located in north-western Guyana in one of Guyana’s most prospective greenstone belts. It is an early-stage greenfields project which, despite its geological potential, is effectively unexplored. Noseno is located in the same greenstone terrane as the Aurora mine southeast of the Toroparu development project. With similar geological settings, they hold the potential for orogenic-style gold mineralization.
The following picture shows mafic metavolcanics plus intrusives, intermediate metavolcanics and clastic metasediments of the Paleoproterozoic Barama Formation.
The Noseno property is surrounded by Trans-Amazonian granitoid. The central area has a lot of smaller plutons of Trans-Amazonian granitoid, diorite and felsic porphyry. This provides contrasting rheology along which orogenic deformation and mineralization.
Despite the favourable geological setting, the Noseno property has experienced no formal exploration. Limited exploration work was performed once by a junior explorer, but there has been no follow-up.
With favourable results, work can begin with campaigns of soil sampling, geological mapping and sampling. Any promising targets identified will get testing done via trenching and/or drilling programs.
XAU Resources (GIG) is a capital pool company.
XAU Resources (GIG) is unchanged today, trading at C$0.07 as of 4:50 pm ET.