AGX-08-23 80.4 84.0 3.6 0.42 0.16
AGX-08-24 74.7 78.5 3.8 1.7 1.1
Including 74.7 76.0 1.3 4.45 2.85
AGX-08-25 118.9 119.5 0.6 0.14 N.S.V.
AGX-08-26 N.S.V.
AGX-08-27 30.4 36.0 1.6 0.28 N.S.V.
AGX-08-28 33.5 34.0 0.5 0.29 N.S.V.
AGX-08-29 101.9 108.0 6.1 0.21 0.08
Including 101.9 102.1 0.3 1.69 1.31
Dr. George Hudak, an Associate Professor at the University of Wisconsin Oshkosh and
established researcher on volcanogenic massive sulphide deposits, has re-logged diamond
drill holes AGX-08-23 and AGX-08-24. The massive sulfide mineralization occurs at a
compositional transition from mafic to felsic volcanism, and is typical of VMS-style
mineralization. The hangingwall of the massive sulfide mineralization is composed of chert
exhalites interbedded with laminated to thin-bedded felsic tuff horizons. The massive
sulfide intersection comprises pyrite, pyrrhotite, sphalerite, and chalcopyrite.
“The discovery of VMS mineralization on Horwood combined with recent gold values
significantly increases the potential of the project,” comments Company president, Richard
Hughes. “Although gold remains our primary focus on the Horwood property, follow-up
work is also being done on the VMS zone to further assess its potential.”
Recent prospecting and sampling on the property also resulted in the discovery of new gold
showings about 2 km east of the Bend and Gabbro Zones discovered in late 2006.
