019-10-11 07:20 ET – News Release
Mr. Maximilian Sali reports
BARRIAN MINING TRIPLES SIZE OF TROY CANYON PROJECT AND ANNOUNCES ADDITIONAL GOLD TARGETS
Barrian Mining Corp. has staked an additional 40 contiguous mineral claims at its early-stage Troy Canyon gold and silver project located in Nye county, Nevada, approximately 230 kilometres north of Las Vegas.
Pursuant to the option agreement with Brocade Metals Corp., the new staking completed by Barrian brings the size of the Troy Canyon project to 59 contiguous mineral claims totalling 493.30 hectares. The new staking was designed to cover recently identified gold-in-soil geochemical anomalies completed by a previous operator, which were never publicly released.
The historical soil geochemical survey covering the Troy Canyon project and newly staked claims were completed during 2007. In total, 791 soil samples were collected along 120-metre-spaced north-south-oriented gridlines at 60 m intervals. Of the 791 soils, a total of 41 samples returned greater than 20 parts per billion gold (ppb Au), greater than the 95th percentile, and up to 2.02 grams per tonne (g/t) Au in soil, in addition to greater than 0.25 g/t silver (Ag) and up to 36.6 g/t Ag in soil.
The results define a prominent greater than 50 ppb Au in soil anomaly extending a distance of 650 m southwest from the historical Locke gold mine portal. A 1.2-kilometre north-south-trending greater than 10 ppb Au in soil anomaly occurs that is coincident with the location of numerous historical adits and exploration pits. The gold and silver geochemical anomalies in the vicinity of the Locke gold mine and within the western Troy Canyon project claims occurs within the same geologic environment along the contact between Cambrian limestone and shale rocks and Tertiary (23 million years) Troy pluton. The claims effectively adds 2.4 km of additional strike length, up from 1.7 km, for a total of 4.2 km of gold-prospective Cambrian limestone — Troy pluton contact strike length within the current Troy Canyon project claims.
Maximilian Sali, chief executive officer and founder, commented: “Despite the early-stage nature of the Troy Canyon gold-silver project, Barrian’s initial data compilation and review efforts have successfully highlighted the potential of the Troy asset and significance of the Troy pluton contact zone in localizing gold and silver mineralization. Encouraged by these results we immediately took steps to secure additional claims.”
Troy Canyon summary
The early-stage Troy Canyon silver gold project is located in the Grant range of eastern Nye county, Nevada, approximately 230 km north of Las Vegas. The project consists of 19 contiguous mineral claims that cover 158.86 hectares of land centred approximately on the historical Locke gold mine. High-grade gold mineralization occurs within massive quartz veins, vein breccias and narrower sheeted vein and stockwork zones. The quartz system is exposed for 300 metres along the sheared, northerly trending contact between hangingwall recrystallized limestone of Cambrian age and footwall quartz monzonite of the Tertiary (23 million years) Troy pluton.
The Troy gold-silver project has seen limited modern exploration effort and was a former small producer. Gold mineralization was first identified at the project in 1867 and small-scale mining commenced in 1869. The most recent mining took place from 1948 to 1950 where 643 ounces of gold and 660 ounces of silver were reportedly produced from 1,859 tons of mineralized rock, at an average grade of 11.83 grams per tonne gold (0.345 ounce/ton Au) and 12 g/t silver (0.355 ounce/ton Ag).
The area of the old Locke mine in Troy Canyon hosts mesothermal gold and silver mineralization with potential for economically significant concentrations. Mesothermal systems typically are persistent to great depths. To date the system seen on the Troy Canyon project has only been investigated over a vertical extent of approximately 180 metres, with the bulk of the work having been concentrated on the hangingwall of the quartz host.
Recent assessments (late 1980s to early 2000s) of the project by multiple companies include sampling of surface and underground quartz exposures, mine dumps, mineral processing facilities and tailings piles. A 2004 geologic interpretation by Miranda Gold Corp. indicated that stopes were developed on multiple stacked north-trending, moderately east-dipping veins. Three of 13 underground stope rock grab samples reported by Miranda returned 47.8 g/t gold, 48.4 g/t gold and a high of 576 g/t gold (1) (16.8 ounce/ton Au). The remaining 10 rock samples collected from underground stope and adit wall outcrops returned values ranging from 0.017 g/t gold to 8.8 g/t gold, and from less than 0.2 g/t silver to 27 g/t silver.
In 2007, Portage Minerals Inc. completed exploration that included a property-wide soil geochemical survey, focused induced polarization (IP)/resistivity and CSAMT (controlled source audio-magnetotelluric) geophysical surveys, and rock chip sampling and surveying of the main Locke mine underground workings. The soil geochemical program identified several zones of anomalous gold outbound of the mine and a northeast-trending IP anomaly in the southeast part of the survey area.
Gold mineralization is associated with grey, late-stage vuggy, sugary limonitic quartz and minor sphalerite, galena and arsenopyrite, and a strong gold-bismuth correlation suggests that mineralization is part of an intrusive-related mesothermal gold vein system. Compiled data for the Troy Canyon project reference only one exploration drill hole which apparently was terminated in mineralized limestone before reaching the vein.
(1) National Instrument 43-101 technical report on the Troy Canyon project, Portage Minerals Inc., effective date Feb. 5, 2007.
About Barrian Mining Corp.
Barrian Mining is a new gold exploration company focused on acquiring and advancing precious metal projects in the U.S. Barrian’s flagship Bolo property, located 90 kilometres northeast of Tonopah, Nev., hosts Carlin-type gold mineralization and is fully permitted for upcoming exploration programs including drilling.
Qualified person
he scientific and technical information contained in this news release as it relates to the Bolo project has been reviewed and approved by Kristopher J. Raffle, PGeo (B.C.), principal and consultant of APEX Geoscience Ltd. of Edmonton, Alta., a director of Barrian and a qualified person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Disclaimer
© 2010 Junior Gold Report/© 2018 Stock Trends Report
Stock Trends Report/Junior Gold Report Newsletter and website: Stock Trends Report Newsletter/Junior Gold Report Newsletter and website is published as a copyright publication of Stock Trends Report/Junior Gold Report (STR). No Guarantee as to Content: Although STR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein (newsletter and website). Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. STR, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Stock Trends Report site or accept this email. Consideration for Services: STR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate STR as such our opinions are biased. We may hold options in and trade these stocks of the companies we profile and as such our opinions are biased. STR and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. STR has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. STR aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: STR is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. STR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: STR may contain links to related websites for stock quotes, charts, etc. STR is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading the newsletter/website and/or watching videos by STR, you agree to hold STR, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Stock Trends Report does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.