2011 Trenching Program
Located approximately 25 kilometres to the east of the Goldquest prospect on the Longrange 50/50 joint venture between Buchans Minerals and Benton Resources, the Goldrange prospect was initially discovered in the Autumn of 2011 (see news release from October 5th, 2011). In late autumn of 2011 the joint venture completed a limited two-day trenching program where previous mineralized float returned assays of 25.8 g/t gold with 130.2 g/t silver, 20.6 g/t gold with 87.1 g/t silver, 5.3 g/t gold with 2.2 g/t silver, and 2.1 g/t gold with 72.9 g/t silver. The quartz float was believed to be locally derived as outcrop located less than 10 metres away contained sulphide bearing quartz veins returning grab sample assays of 0.83 g/t gold and 0.64 g/t gold.
Results from the trenching program confirmed anomalous gold in bedrock but failed to uncover high-grade quartz veins similar to float sampled earlier in the Autumn. Highlights from the trenching include a 70 centimetre wide section of altered igneous rocks containing between 20 and 30% quartz veining with appreciable sulphides and assaying 1.04 g/t gold and 0.2 g/t silver. Based upon these results, the joint venture intends to undertake additional work in this area in 2012. For more information on the results of the trenching program please refer to the news release of November 25, 2011.