Mineralization
The Elwood property shows several important, undeveloped gold showings associated with granodiorite dykes and/or sills hosted in a typical volcanic sequence. A rock competency contrast resulted in the brittle behaviour of the granodiorite and the development of important quartz stockwork and veins arrays where significant surface gold grades of up to 180.62 g/t Au were obtained from punctual surface rock sampling.
The main previous operator was INCO which followed upon previous gold discoveries (Penziwol Af-U area) and outlined additional auriferous occurrences. The Elwood property mineralization is characterized by gold occurrences associated to quartz veins containing disseminated pyrite, pyrrhotite and galena. The most important occurrences on the Elwood property have been labelled: U, Af, S1 and T2. It is believed that the felsic intrusive bodies are fundamental in the control of the gold mineralization as suppliers of heat, pressure and possibly the source of the gold mineralization.
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