Sphinx Resources Ltd.(TSXV:SFX) announces assay results from this summer’s reconnaissance drilling and till sampling and prospecting work at its 100% Chemin Trolus gold project (the Project), located 110 km north-north-west of the town of Chibougamau. This first 487-metre drill program was designed to attempt to discover a bedrock source of a mineralized boulders dispersal train (press release of May 11, 2017) in an area of the Project characterized by weak to moderate induced polarization responses and coincident and strong magnetic anomalies. Highlight from the drill results is 2.5 g/t Au over 0.9 m in drill hole CT-17-06. Assays from the seven (7) holes drilled are summarized in Table 1 below.
The Project area where the boulder dispersal train is located, has no outcrop and is covered with a uniform till blanket ranging from 6 to 10 m in thickness. No previous work had been performed in this specific area. The rocks intersected were Archean metasedimentary rocks, metavolcanic rocks, granitoid rocks and breccias. The gold value returned from drill hole CT-17-06 was in a breccia. The mineralized boulders, however, were not explained by this initial drill program and their bedrock source remains an exploration priority. In combination with the drilling, the till results described below further support the prospectivity of the area. Additional work will be required to identify the source of the boulders.
Table 1: Drill hole information and results summary. Location information is in
UTM NAD 83 zone18. True widths are estimated to be close to drilled widths.
| Hole
Name
(Depth metres) |
East | North | Eleva-tion
(m) |
Azimuth/
Dip
(degrees) |
From
(m) |
To
(m) |
Minerali-zed intercept (m) | Au
(g/t) |
| CT-17-01
(102 m) |
516527 | 5634868 | 356 | 325/-45 | No significant gold values | |||
| CT-17-02
(60 m) |
516408 | 5634331 | 370 | 325/-45 | No significant gold values | |||
| CT-17-03
(61 m) |
516169 | 5634691 | 358 | 325/-45 | No significant gold values | |||
| CT-17-04
(78 m) |
515685 | 5634500 | 366 | 325/-45 | No significant gold values | |||
| CT-17-05
(63 m) |
515727 | 5634433 | 367 | 325/-45 | No significant gold values | |||
| CT-17-06
(63 m) |
515792 | 5634514 | 367 | 325/-45 | 35.15 | 36.09 | 0.94 | 2.51 |
| CT-17-07
(60 m) |
515922 | 5634500 | 367 | 325/-45 | No significant gold values | |||
Till survey
The two main objectives of the till sampling program were to identify other proximal source areas of the gold anomalies detected in the cover in 2016 and to discover other gold-bearing zones on the Project. A total of 53 till samples were taken to provide coverage of the entire Project area. Till samples weighing about 20 kg were collected at an average depth of about 1.2 meters. A total of 33 till samples contain one or more gold particles with sample 79012 containing more than 1,000 particles. The latter sample is part of a 3-km long southwest-northeast trend, parallel to the glacial flow direction defined by till samples with more than 40 gold particles. Within this trend, a grab sample returned a grade of 5.6 g/t Au. Three (3) adjacent till samples along the same sampling line perpendicular to the glacial flow direction and containing between 40 and 100 gold particles, constitute a new exploration target on the Project.
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