TASHOTA PROVIDES UPDATE ON RECENTLY ACQUIRED "HEMLO SOUTH" PROPERTY
Tashota Resources Inc. (TRI) is pleased to announce its exploration program to be undertaken during the summer-fall 2014 season.
As soon as spring breakup allows road access, TRI plans to explore the 3,517-acre Hemlo South property, which lies just south of the three Hemlo gold mines. A total of 21 million ounces of gold has been produced within 2 kilometres of the property boundary, and Barrick Gold has published additional reserves plus resources of 2.9 million ounces, to the end of 2013.
Despite its location close to three major gold mines, the Hemlo South property has seen very little exploration in the past, and more than 90 percent of its area is essentially unexplored. A limited area was covered by a soil geochemical survey in 1988, on very wide line spacing. The survey did however indicate gold values (analyzed by fire assay with AA finish) of up to 151 parts per billion (ppb) in soils. Background levels of gold in soil are quite high, suggesting a possible ice-transported anomaly from the main Hemlo gold deposits. However, the gold values increase systematically as the anomalous trend is followed to the west-southwest - away from the Hemlo deposits, strongly suggesting a gold source on the Hemlo South property itself.
In addition, an airborne magnetic and electromagnetic (EM) survey carried out in 1983 and reprocessed by the Ontario government in 2002, shows numerous weak EM anomalies. In the gold business, weak EM anomalies are often more important than the strong ones. As an example, the Hemlo deposits themselves gave a minimal EM response to airborne surveys but did respond to ground VLF (very low frequency) EM surveying.
Tashota Resources plans a systematic and comprehensive exploration program to evaluate the potential of the Hemlo South property.
- A new airborne survey with close line spacing, using magnetics and an appropriate EM system, probably VLF (also known as XDS);
- A new soil geochemical survey to refine and extend the anomaly located in 1988;
- Intensive prospecting (“boots on the ground”);
- Geological mapping; and finally
- Diamond drilling to test targets developed by the airborne and surface exploration.