Sunday, January 27, 2008

TNR Gold TNR.v El Tapau property

El Tapau Project

El Tapau belongs to an area of great vein and stockwork occurrence which might have an epithermal print and at the same time could represent the lateral mineralization to a porphyry system. Recently research has shown that the mineralization at the stockwork area is related to a granodioritic intrusion. Hence, this project has been considered as one of the first evidences of gold related to an intrusion system in the very prospective intrusion belt of the Colnaguil formation.

El Tapau is an exploration target for gold with strong anomalies in silver and other base metals. This target is represented, in most of the cases, by a group of structures of a west-northwest direction and some others of northwest-southwest direction.

Their density has allowed the determination, in this first exploration stage, of a gold anomaly generalized of 2,23 g/t in an area of 2500 square meters. In this sector, the structures are presented in a massive silica-sericite, stockwork-veining and brecciated veins.

Petra Gold is currently carrying out an evaluation program on the main structures, in which we have identified 3 areas of high mining interest containing the following characteristics:

1. Structure 300, of approximately 300 meters long and 2 meters wide. Its maximum values are 12,34 and 336 g/t of gold and silver respectively. Towards the west, there is a strong veining and fracturation with similar characteristics to be sampled and mapped in the near future.

2. Structure 400-500. It is represented by 2 main structures. One of them shows an array of auriferous stockwork of 300 and 400 meters long each. Both structures are accompanied by minor veins with gold values of 19,00 g/t in the southern sector and 6,6 g/t in the north sector.

3. Structure 600-700. This sector contains veins that till the exploration stage, are made evident showing a minor longitudinal development with density of 8 mineralized veins in the 200 square meters. Gold tenures up to 8,7 g/t were found. The geological observations would suggest that these veins could carry on its direction.

These 3 areas of interest that have been found in El Tapau show continuity, eastwards as well as westwards. Our professional team will be evaluating this continuity and the gold potential of this structure during October.

Petra Gold has detected more exploration targets in the area of the project that will be evaluated latter on and that will take part of the project integrally.

It can be concluded that El Tapau represents, at this step of exploration, an important gold target that guarantees further work for the discovery of precious and base metal ore body on the 3,400 hectares size property.
http://www.petragold.com.ar/Proyectos_en.html

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