News Release: March 19th, 2001
Trenching Program planned on the Tropico Project
The Company has recently compiled and reviewed exploration data on its MOR polymetallic volcanogenic massive sulphide (VMS) prospect located in the Teslin area of southern Yukon Territory.
The main mineralized zone at MOR is closely associated with several subparallel felsic schist/tuff horizons within a dominantly mafic volcanic sequence. Mineralization at the Discovery Showing, exposed by limited hand trenching during 1997-98, consists mainly of coarse grained pyrite and chalcopyrite in quartz-sericite and chlorite schists. Grab and continuous chip bedrock samples from this locality have returned numerous significant analyses in the following ranges: copper (Cu) 500 to 15,000 ppm, lead (Pb) 400 to 5,081 ppm, zinc (Zn) 400 to 5,515 ppm, silver (Ag) 7.5 to 82.2 ppm, gold (Au) 150 to 8,910 ppb. (Peak values reported in previous News Releases, 1998-2000). Subsequent work programs in 1998 and 1999 have traced the mineralized unit(s) intermittently in outcrop over a strike length of 900 metres, and have outlined an encompassing 2000-metre long by 100 to 250- metre wide multi-element soil geochemical anomaly with a partly coincident moderately strong VLF-EM geophysical conductor.
During the fall of 2000 Fairfield carried out additional prospecting and geophysical surveying, plus extensive geochemistry which included detailed grid soil profile and bedrock sampling by portable power auger with a depth capability of 2.4 metres (8feet). The auger sampling provided for better overall definition of the main mineralized trend, and revealed significant blind mineralization at two widely separated locations within this trend. Weathered and decomposed bedrock samples from the new showings, which may represent different felsic horizons than any previously sampled, yielded highly anomalous base and precious metal values as shown in the following table:
ON BEHALF OF THE BOARD
OF DIRECTORS
Duane Poliquin
The Toronto Stock Exchange
has not reviewed nor accepted responsibility for the adequacy
or accuracy of the contents of this news release which has been
prepared by management. Statements contained in this news release
that are not historical facts are forward looking statements
as that term is defined in the private securities litigation
reform act of 1995. Such forward -looking statements are subject
to risks and uncertainties which could cause actual results to
differ materially from estimated results. Such risks and uncertainties
are detailed in the Company's filing with the Securities and
Exchange Commission.
|
