Geology: |
epithermal gold-silver system |
| Overview: |
The Ponderosa property is 100% owned by Almaden and was acquired by staking in late 2005. The claim group covers 6950 hectares (69.5 sq. km.) within the Spences Bridge Group volcanic assemblage. The property is located 25 km southwest of Merritt, B.C. and has good road access.
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History: |
Early into Almaden’s 2001 program, several areas of elevated gold in stream sediments were identified in southern British Columbia. Follow-up prospecting resulted in the identification and staking by Almaden of seven areas of clay-carbonate alteration and quartz veining, representative of low-sulphidation epithermal gold-silver vein systems, including the Ponderosa. |
Past work includes: |
prospecting, geological mapping, geochemistry (soil & rock), trenching, IP surveys, drilling |
Highlight results: |
A 2006 trenching program exposed two extensive mineralised sections:
Trench 06-2 averaging 1.50 g/t gold over 10.0m, including 3.37 g/t gold over 3.0m and in
Trench 06-3 reported 2.83 g/t gold averaged over 6.6m, which includes a section of 2.6m section of 5.26 g/t gold across a massive, sheared quartz vein. |
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