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Pequop South
Status: Golden Dory Resources, Corp has entered into an earn-in agreement with AuEx Ventures, Inc.
Highlights:
• Reconnaissance sampling has expanded the known extent of gold mineralization in the Pequop Mining District southward. New rock chip samples have returned Carlin-style geochemistry.
• Mapping and prospecting has confirmed the presence of favorable host rocks at several levels in the stratigraphic sequence over a broad area of the western slope of the Pequop Mountains
• Extensive solution collapse breccia and karst systems exhibit prominent exposures of jasperoid and widespread decalcification reflecting the effects of vigorous hydrothermal activity
Target: Gold hosted by solution collapse breccia in karst terrane in Middle to Upper Paleozoic rocks of the Pequop Mountains. The prospective ground extends beneath alluvial cover on the western pediment of the Pequops.
Location: On the western flank of the Pequop Mountains, contiguous with the southern boundary of the West Pequop Venture of Agnico-Eagle Mining and AuEx Ventures, Inc. 35 kilometers southeast of Wells and Interstate-80 in Elko County, Nevada.
Ownership: 235 unpatented mining claims covering 1900 hectares (4700 acres) are 100% owned by AuEx, Inc.
Geology: The Pequop South Project spans the western slope of the Pequop Mountains and adjoining pediment. The Pequop Mountains, in the area of the project, consist of a southeast-dipping sequence of Middle to Upper Paleozoic carbonate and siliciclastic rocks bounded on the east and west by steep normal faults that drop the bedrock beneath the young sedimentary fills of adjacent valleys. The oldest units exposed on the Pequop South property include the middle and upper parts of the Ordovician Pogonip Group, known to host gold mineralization at Long Canyon and West Pequop. Other prospective units include the Silurian Roberts Mountain Formation, Devonian Guilmette Formation, and the Mississippian Joanna Limestone. Each of these units displays exposures of jasperoid, silicification, and decalcification accompanied by anomalous rock chip geochemistry suggest the presence of a Carlin Type gold system. Locally, altered dikes and barite vein systems cut the sequence.
History: The area lies within the historic Pequop Mining District where minor amounts of barite were produced during the 20th century. Gold exploration increased significantly in the 1990's leading to the discovery of high grade gold in outcrop on what is now the West Pequop Venture property followed by Long Canyon on the eastern side of the Pequop Mountains. The target corridor identified by AuEx at Pequop South remains untested.
To learn more about the Company's joint venture model or joint venture opportunities, please contact Eric M Struhsacker, Exploration Manager, US at (775) 337-1545 or estruhsacker@auex.com.
AuEx Ventures, Inc. is a TSX listed precious metals exploration company that has a current portfolio of over twenty properties in Nevada/Utah, four projects in Argentina and one project in Spain. The Company controls over 167,000 acres of unpatented claims and fee land. Fifteen of the projects are in earn-in or joint venture agreements with eight companies providing exploration funding. The Company applies the extensive Nevada exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture. 3/31/2010
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