Maps & Photos
Click on thumbnail to enlarge
Location Map |
|
|
Outcrop of the Juliana Breccia
The Juliana concessions, which total approximately 700 hectares, are located between recent discoveries at La India by Grayd Resource Corp. and the producing Mulatos gold mine owned by Alamos Gold. The Juliana property is located about 6 kilometres west of the Mulatos open-pit, heap-leach gold mine. The Mulatos gold district is a large developing, mineralized area hosted in Oligocene-age volcanics.
Prior drilling at Juliana consisted of 16 short percussion drill holes and 5 core holes which targeted a northerly-trending gold mineralized structure referred to as the "Main Feeder Fault". Surface sampling prior to drilling returned a number of samples exceeding 10 grams per tonne gold from this structural zone. Pediment's due diligence sampling in the same area returned grades of more than 3 grams per tonne gold over one- to three-metre sample lengths.
Pediment was drawn to the camp based on recent exploration successes by both Grayd and Alamos in stratigraphically- (rather than structurally) controlled gold zones. Gold zones with stratigraphic controls have the potential for rapid resource growth to large size with exploration success. The Company's geological review of the targets at Juliana indicate a stratabound, epithermal gold-mineralized zone may exist within a complex set of parallel block faults. Prior work at Juliana focused only on the Main Feeder Fault, a steeply dipping structural zone, whereas Pediment is focusing on stratabound mineralization. The structural zone was an obvious target based on high surface-gold grades in channel samples and the scattered presence of visible native gold within gambusino workings confined to the Main Feeder Fault structure.
Mel Herdrick stands on a stratigraphic contact at the Juliana Project
The Juliana option includes complete access to a multi-element analytical database of existing information including the drill holes with continuous down-hole analyses, about 1000 rock chip and channel samples, and more than 1325 soil samples. This database, combined with additional data collected by Pediment, provides a sound foundation for targeting and testing new stratabound gold targets with multi-million-ounce gold potential in this highly prospective gold district. Pediment geologists are currently analyzing the database and planning follow-up sampling and permitting. The company expects to be able to rapidly advance the Juliana project to drill stage in the next few months.
|
