VANCOUVER, Jan. 14 /CNW/ - Goldmember Minerals Inc. (TSX.V: "GMV") ("the
Company" or "Goldmember") is pleased to announce that it has commenced field
work for its 2008 exploration program to be conducted on its 100% owned
Nechako and Alexis properties in central British Columbia.
Commencing immediately, Goldmember intends to aggressively explore both
properties by diamond drill testing numerous IP and geochemical anomalies on
the completed grids with 2,000-3,000 metres planned for the Nechako property
and 1,000-2,000 metres for the Alexis property. Additional ground surveys will
commence on new targets.
This week Company crews will be dispatched to:
1. establish a base camp location
2. complete a detailed ground magnetic survey of approximately
100 line-kilometres on the existing grid over the Quartz Lake area,
also known as the Maxwell area (southwest corner of the property)
3. extend the existing grid to the northeast and southwest to continue
tracing the open-ended IP chargeability conductor with approximately
25-30 line-kilometres of grid and complete both IP and magnetic
surveys on the new grid
4. evaluate the new data and plan drill holes to test the anomalies.
This pre-drilling program is estimated to take 4-6 weeks to complete
after which the drill program will immediately commence. The drilling will
comprise 1,000-2,000 metres in 4-8 holes and will test both high chargeability
and high resistivity targets. It is anticipated that the drilling will take up
to one month to complete.
In addition to testing the Quartz Lake/Maxwell area preliminary work will
commence on the Sinterella area, 30 kilometres in the northwest portion of the
property. This area was highlighted from the interpretation of the regional
magnetics data. This area covers a large cinder cone and limited geochemical
samples from the area show anomalous values in gold, arsenic and lead. The
magnetics data suggest the presence of a large, deep structure that is bound
to the north and south by northwest trending faults. Initial work will
comprise grid establishment over favourable structural trends for subsequent
ground magnetic and IP surveys.
The following program is planned for the Nechako property and is for the
entire property, detailed work on the respective grids is outlined on a grid
by grid basis.
Commencing immediately, the Company will determine availability of
logging camps for crew accommodations for work on grids 1, 2 and 3. Further
mapping and prospecting of all known roads, showings and outcrops, will
commence in May-June when the snow cover is gone.
Grid 1 (Northeast corner of the property)
The grid area encompasses anomalous gold, silver, arsenic, antimony and
molybdenum geochemistry as well as coincident MMI geochemical anomalies from
both rock and till samples compiled from historic private company and
government programs. Regional magnetic data shows a strong magnetic high
striking at 318 degrees across the northwest corner of the grid and a weak
magnetic low diagonally through the centre of the grid. The grid area is
divided diagonally by a northwesterly trending contact, delineated by both
magnetic and resistivity data with the majority of anomalous geochemistry
focused along the contact. Regional mapping indicates that the area east of
the break is overlain by Quaternary overburden and to the west by Endako Group
The IP survey outlined two areas of chargeability response that could be
associated with disseminated sulphides. The smaller anomaly lies along the
magnetic and resistivity data defined contacts and may be cut by a northeast
trending fault. It measures 200 metres (NE) by 250 metres (NW) and is
interpreted to be 150 metres thick starting at surface. The larger anomaly
measures 1,600 metres long by 400 metres wide and is buried some 100 metres
below surface; the anomaly persists to the depth limit of the survey, 400
metres below surface.
2008 Exploration Program
1. conduct ground magnetometer surveys (37.65 line-kilometres) over the
existing grid, located in the northeastern portion of the property
2. commence expansion of the grid to the east and south to resolve the
full extent of the chargeability anomaly present over approximately
1.6 km of northwesterly strike length and complete both magnetometer
and IP surveys over the new grid
3. evaluate the new data (IP and mag)
4. plan and drill to test the anomalies
The above surveys are estimated to take 3-4 weeks to complete. The drill
program will commence shortly after the data is evaluated and the targets
selected; initial testing will comprise approximately 1000 metres drilling in
2-3 holes with 2 holes in the large anomaly and 1 hole in the mall anomaly.
Grid 2 (Southwest corner of property)
Grid 2 encompasses multi-element geochemical anomalies as per grid 1 in
an area of relatively subdued magnetic response with regional magnetic trends
outlining intersecting northwest and northeast trending structures.
The grid is located along the northwest arm of a large "X" pattern
defined in the magnetic data that encompasses grids 2 and 3. Resistivity data
from the IP survey generally coincides with the magnetic trends, with the NW
and NE magnetic trends paralleled by high resistivity trends. With increasing
depth resistivity trends give the general impression of ringed structures
defined by moderate resistivity centers surrounded by halos of lower
resistivity material. The chargeability data has outlined four anomalies that
warrant follow-up exploration.
Anomaly 1 (Eastern Strip) - is a large, buried, high chargeability zone
and is the strongest response on the grid. It is flanked both above and below
by high resistivity units and is the only anomaly associated with resistivity
highs. It is strongest from 100 metres to 350 metres below surface, the depth
limit of the survey. The anomaly is open to both the north and south and was
only covered by 3 lines in the initial survey.
Anomaly 2 (Northwest target) - is an elliptical shaped body with 4
smaller satellite highs. The main anomaly extends from surface to 350 metres
below surface, where it gradually weakens; the smaller satellite targets are
fairly shallow. It is located along a northwest trending structure and
associated with the edge of a magnetic low and surface resistivity low.
Anomaly 3 - (Southwest target) - is similar to the Northwest target in
that it appears to be conformable with regional magnetic and resistivity
trends. The chargeability anomaly is buried at a depth of 200 metres below
surface and extends to 350 metres below surface, the depth limit of the
survey. The anomaly is covered by a resistive cap but is associated with more
resistive material at depth.
Anomaly 4 (Central target) - this is the lowest priority target and is
defined primarily by a northeasterly trending zone of high resistivity. It is
flanked by 3 weak chargeability anomalies.
The grid area is mapped as underlain by Quaternary alluvium.
2008 Exploration Program
1. initiate ground magnetometer surveys (51.80 line-kilometres) over the
existing grid focusing more on IP anomalies 1, 2 and 3.
2. expand the grid both north and south of IP anomaly 1 (Eastern strip)
to fully resolve the anomaly, approximately 10 line-kilometres of new
grid is anticipated
3. expand the grid to the north to fully resolve IP anomaly 2 (Northwest
target) and to the south to resolve IP anomaly 3 (Southwest target)
for a total of approximately 10 line-kilometres
4. complete magnetic and IP surveys on the grid extensions
5. evaluate all the data and plan the drill program
6. drill test the anomalies
The above surveys are anticipated to take 4-5 weeks to complete with
drilling to commence thereafter. Approximately 1500-2000 metres of drilling is
planned; with 1-2 holes in each of IP anomalies 1, 2 and 3.
Grid 3 (Southwest corner of property)
Grid 3 lies just south of grid 2 and like grid 2 is covered by Quaternary
alluvium. Rock and till samples show north to northeast trends in the northern
portion of the grid for gold and silver with weaker arsenic and antimony.
Regional magnetic data show that grid 3 is at the intersection and along the
southwest arm of the large "X" pattern that includes grid 2.
The northwest portion of the grid is the most interesting. A
northwesterly trending hill is associated with a strong resistivity high that
extends from surface to 250 metres below surface, the depth limit of the
survey. This high resistivity feature is disrupted in several places with
lower resistivity sections coincident with moderate chargeability anomalies;
there appears to be one large chargeability zone surrounded by several smaller
zones and it coincides with a distinct break in the resistivity. The main zone
has been interpreted to be sill-like, 25-50 metres thick, and buried about
100 metres below surface; it is of moderate intensity to a depth of 200 metres
2008 Exploration Program
1. complete ground magnetic surveys over the northwest portion of the
grid to cover the resistivity and chargeability anomalies, this will
entail approximately 10-15 line-kilometres
2. evaluate the new data and plan the drill program
3. conduct drill program
This work will take approximately 1 week to complete and if drilling is
undertaken it will involve approximately 500 metres in 2 holes to test the
resistivity and chargeability anomalies.
The Company has several other areas to evaluate through grid
establishment, mapping, prospecting and geophysical surveys (magnetic and IP).
The priority grids are grid 6, which encompasses eastward extensions of the
mineralization at the Rhub-Barb prospect, and grid 4 which covers
multi-element geochemical anomalies and the Gusty prospect.
Wesley Raven, P. Geo., VP Exploration, is the qualified person and takes
responsibility for the technical disclosure in this news release.
Goldmember Minerals Inc.
Goldmember Minerals Inc. is a mineral exploration company focused
primarily on epithermal style gold and silver projects in central British
Columbia. The Company is well financed having recently completed its
qualifying transaction and concurrent financing of C$2,545,000.
Goldmember has amassed a sizeable land position upon which it has
completed an extensive amount of work to date. Recent exploration programs
conducted on the 100% owned Nechako and Alexis Properties have successfully:
identified several corresponding conductivity and related resistivity
geophysical anomalies located at depth which display the characteristics of an
epithermal style mineralized body; confirmed a positive correlation with MMI
geochemical sampling and 3D Induced Polarization results within a favourable
geological setting; and identified numerous priority targets within the claim
boundaries that coincide with regional geophysical trends with coincidental
geochemical anomalies suitable to host further epithermal gold-silver and
porphyry copper-gold style mineralization.
ON BEHALF OF THE BOARD OF DIRECTORS
Alistair MacLennan, President
Statements about the Corporation's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". Such forward-looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other
factors, including risks inherent in mineral exploration and development,
which may cause the actual results, performance, or achievements of the
Corporation to be materially different from any projected future results,
performance, or achievements expressed or implied by such forward-looking
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
For further information:
For further information: Ian Klassen, Goldmember Minerals Inc., Vice
President, Director, Tel: (604) 290-5762, Email: email@example.com