Projects |
NW Spain Gold ExplorationTracia Gold Project
Ormonde's geochemistry and drilling programmes to-date at Tracia have highlighted the potential for an extensive new gold system. Drilling during 2005 (the first drilling programme by any company in the area) returned some encouraging results confirming the depth extension to surface gold mineralization, including an intersection of 5.2 metres at 2.8 g/t gold (from 68 metres depth) in hole TH-02, within a broad silicified zone of 19 metres at 0.9 g/t gold. Several other minor gold-bearing intervals were intersected and the extent of hydrothermal alteration and sulphide veining observed in drill core provided further support for the presence of a significant, shallow gold-bearing hydrothermal system at Tracia. More recently, drilling has been testing new target structures delineated by a detailed soil geochemistry programme. Coincident anomalism in gold pathfinder elements, like arsenic, bismuth and antimony, has helped to identify priority targets for this drilling campaign.
Salamon Gold Project
The Salamon Gold Deposit is hosted within breccias in limestones of Carboniferous age along the Leon Fault, a major structural feature. The mineralization has strong affinities with 'Carlin-type' deposits, an important style of gold deposit with typical features including brecciation, carbonate dissolution and silicification, with structural controls being important. Drilling to-date indicates that gold mineralization occurs in the form of narrow, high-grade structural 'shoots'. Previous drilling results on the Project included: Ormonde's drilling of the deeper part of the deposit has returned several high-grade intersections including: The evaluation of the Salamon Project is ongoing. |
