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Resource World - April 2013 - Vol 11 Iss 4

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pleted by Eagle Mountain Gold. As a result, the company has an excellent historical database (geophysics, adits, extensive sampling, auger drilling, LiDAR, etc.). In a recently completed (November 2012) technical report on Eagle Mountain, Toronto geological and mining consultant A.C.A. Howe International Ltd. wrote that the property merited further exploration. Specifically, Howe recommended that Eagle Mountain Gold continue a systematic quality assurance protocol, with the insertion of standards, blanks and duplicates in the sample stream, in order to monitor the accuracy and precision of analytical results. It also recommended that Eagle Mountain Gold should conduct a check-sampling program using available archived drill core. In addition, Howe wrote, the detailed LiDAR topographic surveying of the mineral resource area should be completed to more accurately assess areas where the resource is incised by erosion and how much prestripping will be required to expose the mineralization where it is not present at the surface. Surface and outcrop mapping should continue to identify dykes and faults and to generate a more definitive structural interpretation. In its report, Howe wrote that diamond drilling should continue on the Eagle Mountain resource estimate area, in order to expand inferred mineral resources along strike and to upgrade inferred resources to indicated resources. Specific gravity measurements should be continued on representative Eagle Mountain samples, particularly the mineralized zones during future drill programs. Check samples should be completed by an independent third party laboratory. Additional metallurgical work, consisting of gravity, cyanide and flotation test work should be carried out on representative samples. This laboratory-scale work would take one to two months to complete. Howe also recommended that a Preliminary Economic Assessment (PEA) should be conducted on the Eagle Mountain mineral resource. Eagle Mountain Gold is planning a two-phase work program for 2013, incorporating Howe's recommendations on the resource. Total cost of the program is ~$3.6 million. n APRIL 2013 www.resourceworld.com 45

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