Willow Creek Enterprises, the precious/base mineral exploration company currently focused on developing gold resources in North America, reported the reception today of a very promising technical report and resource analysis on the Company’s Hercules Property, indicating an inferred resource of some 417k gold-equivalent ounces.
President of WLOC, Terry Fields, expressed confidence that this data will provide the Company with the necessary foundation to move forward with the proposed drilling program.
According to the data in the report, the Hercules is characterized as being relatively underexplored, having some ten historically validated zones of epithermal gold-silver mineralization and a mineralization profile which indicates that the overall epithermal gold-silver system is directly analogous to the Comstock Lode deposit some 15 km away.
Prior drill data from the report shows significant gold mineralization associated with intense quartz-adularia alteration in the bearing strata of volcanic rock and quartz veins, greatly increasing the probability, which was also forecasted in the report, of a sequence of deeper veins of gold mineralization.
The Company is already looking for estimates on the drill program for the 1720-acre, 86 mining claim Hercules property, which is situated right in the middle of the prolific Walker Lane Mineral Belt in Nevada.
Fields was particularly taken by one part of the report, which remarkably detailed the entire series of typical characteristics long known to indicate an epithermal-style deposit:
• Alteration of wall rock shows multi-stage epithermal silicification, peripheral/advanced argillic alteration and widespread distal propylitization
• Silicic zone of alteration bears lots of cloudy/drusy quartz veins, adularia and and multi-stagechalcedonic quartz
• Argillic zone bearing kaolinite, sericite and alunite
• Propylitic zone of alteration bears mostly chlorite, calcite and siderite
• Sulphide mineralization – namely, pyrite and marcasite in the alteration suite
• Gangue minerals like arsenopyrite, silver sulphosalts and electrum