Rolf Gerritsen, Executive Director of MetalNRG PLC (LSE: MNRG), has expressed excitement to shareholders about the promising findings from recent soil sampling at the Gold Ridge site in Arizona.
The company has reported the discovery of significant gold and other mineral opportunities.
According to the company’s announcement, soil geochemistry has revealed signs of multiple geological events, including notable mineralization of gold, copper, lead, and zinc at the Mascot Stock prospect area.
Additionally, the Gold Ridge’s Apache Pass Shear Zone (APSZ) has demonstrated substantial mineralization of gold, silver, arsenic, lead, and zinc.
The company has also spotted a new anomalous trend of these minerals running parallel to the APSZ. Furthermore, there’s an indication of a potential ‘blind fault offset’ near the APSZ, which implies that the historically mined gold mineralization may extend slightly to the north, an area yet to be explored through drilling.
Highlights
· Soil Geochemistry has provided evidence for multiple geologic events including strong gold, copper, lead and zinc mineralisation related to the Mascot Stock
· Strong gold, silver, arsenic, lead and zinc mineralisation related to the Apache Pass Shear Zone (“APSZ”)
· New gold, copper, lead and zinc anomalous trend parallel to the APSZ in the adjacent southern Precambrian block
· Possible blind fault offset of the APSZ suggests historically mined gold mineralisation is off-set slightly northward where no exploration drilling has occurred
Gerritsen highlighted the company’s satisfaction with these findings, indicating that while further work is necessary, the results confirm a significant opportunity for gold and other minerals at Gold Ridge. He assured stakeholders that updates on the project’s progress would be shared in the future.
