GTA finds three additional EM conductors in central Hockey Puck target area

16 January 2014 (Last Updated January 16th, 2014 18:30)

GTA Resources and Mining has indentified three additional isolated, non-magnetic, moderately strong bedrock electro-magnetic (EM) conductors in the central Hockey Puck target area on the Auden property in Ontario, as part of its ground geophysical program.

GTA Resources and Mining has identified three additional isolated, non-magnetic, moderately strong bedrock electro-magnetic (EM) conductors in the central Hockey Puck target area on the Auden property in Ontario, as part of its ground geophysical program.

The three conductors are located within the southern extension of the alkaline intrusive complex.

GTA has decided to continue its ground geophysical program of locating and evaluating the EM conductors.

The Canadian mineral explorer temporarily postponed a drilling programme that started in mid-December because of frost conditions.

Prior to the seasonal break, the company completed a 70m hole targeting a weak electro-magnetic (EM) anomaly in the west-central portion of the property. The hole intersected a clay filled fault zone near the interpreted conductor axis and did not found any graphite.

GTA president Wayne Reid said that the company intends to resume drilling at the Auden Property in late January.

"The ground geophysics is continuing to identify additional targets and as the work progresses, the quality of conductors appears to be improving," Reid said.

"Our understanding of the parameters associated with this new type of graphite deposit is limited and we expect a few surprises going forward."

GTA, which holds the mineral rights to over 69,000 acres, is the largest land holder in the emerging graphite camp.

The Albany graphite deposits were first discovered by Zenyatta while testing electro-magnetic targets and have been described as breccia pipes with dimensions of 200m by 400m.

Management and geological consultants of GTA believe that the graphite breccia pipes that exist on Zenyatta's Albany project are similar to kimberlite pipes.

GTA previously found several EM conductors on the Auden Property, as part of its own airborne geophysical survey.

The company has an Ontario exploration permit in place apart, which does not include the recently signed exploration deal with Constance Lake First Nation to evaluate the graphite potential on the Auden Property.

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