6 km South of INDE
Commodities: Silver, Gold, Zinc
March 31, 2005
At the Inde Property, during the year ended March 31, 2005, a two stage exploration effort was targeted at three identified areas of potential sulphide mineralization associated with distinctive intrusive breccias. An initial drilling program targeted a series of deep seated magnetic anomalies below the old workings to determine if the magnetic anomalies were reliable guides to gold mineralization in the district. Results revealed extensive previously unrecognized pyrite-silica mineralisation which led to re-examination and re-assessment of all existing core and to a data compilation program to identifying this style of mineralization elsewhere on the property. The second stage was a near surface exploration program on the Cieneguillas-Matracal area involving bulldozer trenching, sampling and geological mapping to assess the near surface extensions to mineralization. While these exploration activities identified a number of areas with potentially interesting gold grades, they failed to demonstrate real continuity of deep seated vein extensions, or extensive near surface mineralization suitable for open pit development, and so the option agreement in the property was terminated.
June 25, 2004
Commenced a near-surface exploration program on the Cieneguilas-Matracal gold zone. The current program will be carried out in two stages: First, a program of bulldozer trenching, sampling and geological mapping in the Cieneguilas-Matracal area, where similar pyrite rich, silica-flooded rocks are recognized at, or near to surface, close to the original high-grade open-pit and underground workings. This will be followed by a program of reverse-circulation drilling to assess the near-surface extensions to this mineralization.
Detailed logging and assaying of IN04-015, plus previously unsampled core from Amarc's earlier program, revealed extensive, unrecognized pyrite-rich silica flooding, which produced the following wider intercepts including: 3.34 g/t Au over 10 m, 2.47 g/t Au over 12.1 m and 1.40 g/t Au over 41.8 m, plus a number of other similar mineralized intercepts. Recognition of an extensively altered and mineralized intrusive breccia, which broadens with depth, suggests that a significant intrusion-related gold mineralization centre has been located.
May 12, 2004
Assays from its first drill holes in the Cieneguillas-Matracal gold zone in the Inde district in Durango, Mexico were reported with 12.11 g/t Au over 2.24 m, including 19.77 g/t Au over 1.44 m (IN04-015). Hole IN04-16 was targeted 150 m farther south of IN-09 on a separate elongate magnetic feature, but cut no significant sulphides. In addition, Sydney drilled two prospect holes, IN04-017 and IN04-018, beneath a large copper-oxide-rich skarn body exploited by the Matracal mine farther to the southeast. Both holes cut over 150 m of mineralized skarn, but assay results are not yet complete. Because of the current slow pace of assay turnaround, the company temporarily suspended the current drilling program in order to fully assess the results and focus on the target types identified by the recently completed work.