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Strait Gold identifies large copper-in-soil anomaly at Alicia Project, Peru

October 06
19:28 2011

LIMA – Strait Gold Corporation, a Canadian mineral exploration company active solely in Peru, has announced that results of an extensive soil sampling program have identified a new copper-in-soil anomaly over an area near the known copper mineralized zone at its Alicia property in Peru.

More detailed soil sampling will be undertaken within this anomaly and further north to better define potential targets for a planned drill program. A permit to conduct 10,000 meters drilling is pending.

Tightly folded limestone bed on the south side of Alicia porphyry. Photo: Strait Gold Corporation website.

“Our initial drill results in outcropping skarns demonstrate a robust mineralizing system at Alicia,” said Strait Gold President Jim Borland. “The extent of the anomalous zone as outlined in soil sampling is also very encouraging for the porphyry potential of the property.”

The Company’s soil sampling program was designed to identify areas of potential copper-gold mineralization under cover to the west, northwest, east and northeast of the main mineralized centre.

Copper-in-soil values included 42 samples (56%) with more than 500 parts-per-million (ppm) copper including 29 samples (39%) containing more than 1,000 ppm copper with a high of 8,010 ppm.

Results from sampling in the west and northwest indicate a broad copper anomaly (defined by values greater than 500 ppm) extending west and north from the western edge of the mineralized zone.

The copper-in-soil anomaly is broadly coincident with geophysical anomalies detected in recent airborne magnetic and radiometric surveys. In particular, the copper-in-soil anomaly is coincident with a high in the potassium-to-thorium ratio (which often indicates potassic alteration) and is partly coincident with a magnetic high. Both geophysical anomalies extend through the porphyry intrusive and trend toward the north.

Soil samples taken to the east and northeast of the porphyry intrusive have been submitted for analysis and results are pending.


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