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  • Strategic Elements Begins Sampling Around Historic New Zealand Gold/Silver Mine 0 comments
    Jan 18, 2013 1:22 AM

    Strategic Elements (ASX: SOR) has kicked off rock chip and pan concentrate sampling at the Mt Rangitoto prospect on the West Coast of the South Island, New Zealand.

    The company is targeting intrusion related gold, silver and rare metals around the historic Mt Rangitoto gold-silver mine.

    The focus on intrusions is due to the large-scale nature of this style of deposit.

    Mt Rangitoto, which forms part of the West Coast - Hohonu Project, comprises a high grade historic gold-silver mine and streams draining the mountain that contain high grade tungsten, tin, tantalum and niobium.

    High grade gold samples of 21 grams per tonne (g/t), 29g/t and 32g/t have been reported from the Mt Rangitoto Mine.

    High grade silver samples of 43g/t, 79g/t, 110g/t and 1,400g/t have also been discovered.

    In previous pan concentrate sampling of the streams draining the mountain, grades of 1% tin and 1% tungsten have been returned.

    The Mt Rangitoto Mine is believed to host gold in granite, with samples of 0.62g/t gold and 0.55g/t gold returned from previous exploration.

    There is strong potential for metal to be sourced from a buried intrusion. Potential buried granite may preserve rare and precious metals.

    Veins and silver in the mine increased with depth towards a granite.

    Intrusion system pathfinders of bismuth and tellurium have been found at Mt Rangitoto.

    Strategic Elements controls a large strategic area of over 1,350 square kilometres of highly prospective ground on the South Island.

    The Hohonu Project covers over 10 separate intrusions with several primary areas of rare metal -rare earths, tungsten and tin - mineralisation.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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