CSE : TICO  |  FWB : ON8

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News Alerts
Presentation

OUR PROJECTS – GOLD & ANTIMONY

Hatsfield Antimony Gold Project

CSE : TICO  |  FWB : ON8

Introduction

The Hatsfield Project is located in the Belleisle Bay –Hatfield Point mineral corridor of southern New Brunswick, within 1.8 km of the Pike Gold deposit (Inferred Resource of 214.8 Kt @ 9.60 g/t Au).2

The project has been significantly strengthened by:

  • A 2003 New Brunswick Government geochemical survey

  • Strong antimony (Sb) till anomalies in the 95th–100th percentile3

  • Confirmed polymetallic trench mineralization

  • 2008 soil sampling program documented samples of up to 349ppb Au (Venugopal, 2009)4

  • Expansion of the land package to 766 hectares

*Click to Expand Image

Source 2: Globex Mining – Devi’s Pike – Link
Source 3: Pronk, A.G, Allard, S. and Boldon, G.R. 2003 Color contour plot of antimony in till, Sussex map area (NTS 21H/12), New Brunswick Department of Natural Resouces. Plate 2003-19E/
Source 4: Venugopal D.V, 2009 Mineral Report of work 476764 – Link

*Click to Expand Image

2003 NB Government Till Survey:

In 2003, the Province of New Brunswick conducted a regional till geochemical survey that identified Antimony (Sb) values in the 95th–100th percentile located directly on the recently acquired Hatsfield property.

Geology:

Hatsfield lies within the New River tectonostratigraphic belt, composed of:

  • Cambrian felsic volcanic rocks

  • Metasedimentary units

  • Northeast-trending fault systems

  • Structural intersections associated with hydrothermal mineralization

Soil Gold Anomaly:

Recent soil sampling programs identified: 4

  • In addition to the presence of elevated Sb values at Hatsfield, a 2008 soil sampling program documented samples of up to 349ppb Au (Venugopal, 2009)3. The gold anomaly is open to the expansion across the Property. The gold anomaly spatially overlaps the Sb anomaly, reinforcing a potential Au-Sb zoned system.

  • Additionally, a 5-metre channel sample from the Project returned 2.41% Lead (Pb), 0.04% Copper (Cu) and 201 ppm Antimony (Sb) with grab samples returning 4.83% Pb and 0.34 g/t Gold (Au). (Minfile Morell Road)

  • Given the Project's proximity to the Pike Gold Deposit, the integration of elevated Sb percentile values, a gold-in-soil anomaly, and a 5-metre Pb-Sb mineralized trench supports a compelling exploration thesis targeting a structurally controlled Au-Sb-Pb-Ag hydrothermal system.

Source 4: Venugopal D.V, 2009 Mineral Report of work 476764 – Link

Qualified Person:

The technical information contained in this news release has been reviewed and approved by Graham Giles, P.Geo., VP of Exploration to TICO, who is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects

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