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TSX-V: EAS

Projects

Sangihe Project

Mineralization

Sangihe Island consists mainly of volcanic rock and it is believed that Binebase, Bawone and Taware mineral prospects are located in eroded volcanic centres. These prospects were initially discovered and explored in the 1980s. Binebase, with surface exposed oxide gold, and Bawone, with shallow to surface sulphide gold, are located 1.2 kilometres apart and are the most advanced of these prospects.

  • Taware is dominantly a clay-pyrite alteration with andesitic lava flows hosting shallow intrusions. More drilling will determine the extent of mineralization.
  • Binebase and Bawone prospects are contained in ash tuffs overlain and underlain with andesite flows and localized clay-pyrite alterations contained in an epithermal body of mineralization. Channel sampling at Binebase confirmed near surface oxide mineralization and the copper and gold bearing quartz could be indicative of porphyry-style Copper-Gold mineralization.
  • Four zones of oxide and sulphide gold mineralization have been identified at Binebase, trending 900m x 425m to the north-east. Drilling shows that the oxidized zone could be up to 60m thick with grades >1g/t Au [LINK: Drilling]. Deeper breccias zones with copper grades up to 2.1%, silver (up to 1,180ppm), lead (up to 1.06%) and zinc (up to 7.03%) are present within and adjacent to the gold mineralized zones.
  • At Bawone, a north-west gold mineralized zone has been identified with a strike length of 300m by 75m wide which is currently open along strike. This mineralized zone is mostly pyrite contained in stock works and breccias.

Limited 2008 sampling at the Sedi and Kupa Prospects seven kilometres south of Bawone produced some spectacular gold results.The NNE-SSW striking Sedi vein system has been mapped over 600m and remains open in both directions. Zone One, with grab samples assaying 13.4, 15.0 and 42.6 g/t gold, and Zone Two, with 7.78, 11.2 and 16.0 g/t gold samples, occur as low sulphidation vein horsetails with gold controlled by structural dilations. Grab sampling southeast of Sedi at Kupa has encountered 122.0, 82.4 and 73.8 g/t gold results, verifying similar historic results.