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Parlane Resource Corp. (PPP:CA)
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Web site:
http://www.parlaneresource.com
Parlane Resource Corp. is a junior gold exploration company. We are creating exciting early stage exploration opportunities around the world. Our management team has renowned technical expertise, as well as significant financial and capital market experience.
Projects
Big Bear
The Big Bear property is located in the Omineca Mining Division, Nechako Plateau, in central British Columbia, covers 14,366 ha, and is 100% owned by Derrick Strickland.
Access to the Big Bear property is provided by forestry gravel roads from the town of Vanderhoof located approximately 100 km north from the investigated area. Vanderhoof is the nearest supply place for food, gas and other necessities. Several lodges and a logging camp located in the area can provide emergency supplies.
Big Bear Locations Map
The Nechako Plateau lies within the Stikine Terrain. It was regionally uplifted, exposing a horst of Jurassic and Cretaceous volcanics and intrusives surrounded by Tertiary and younger volcanics and volcaniclastics. Extensional faulting and related structural activity plus associated extensive precious metal rich hydrothermal systems provide an attractive geological setting for precious metal high level epithermal, subvolcanic intrusive porphyry and transitional deposits.
Outcrop at the Big Bear property is limited, so much of what is known about the geology is based on work done by the B.C. Geological Survey and drilling on adjacent properties: Blackwater-Davidson and Capoose.
The Blackwater-Davidson property is operated by Richfield Ventures and is located adjacent to the southeast of the Big Bear property. At the Blackwater-Davidson property, disseminated gold mineralization is hosted in strongly fractured and silicified volcanic rocks correlated with the Kasalka Group, a unit of latest Cretaceous volcanic and subvolcanic strata.
As of the end October 2010, total drilling on the Blackwater-Davidson property reached 24,100 metres and defined a mineralized zone that extends over 600 by 800 m. Drilling intersected significant grades and lengths of gold with values of silver. Gold values are typically on the order of 1 g/t over hundreds of metres laterally and to depth, while silver is generally between 4 and 10 g/t over similar dimension. Currently, Richfield Ventures reported the drill intersections of 148 metres of 1.77 g/t Au and 171 metres of 3.13 g/t Au.
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Mercedes
Mercedes Project Summary*
The Mercedes property, Southeastern Sonora, Mexico, located 250 kilometres east-southeast along Federal Highway 16 from the state capital, Hermosillo. The property is accessible year round though seasonal high rainfall may affect some access trails. The main prospect area is less than 500m from a gated highway turnoff. The Property is comprised of 3 contiguous claim blocks, totalling 360.8 hectares.
Mercedes is an early stage exploration property prospective for high sulphidation epithermal style gold-silver mineralization. Previous operators conducted two programs of drilling on a mineralized ridge "La Lamosa" and encountered low-grade gold mineralization returning intervals include 144m averaging 0.49g/t gold and 12.4g/t silver from surface (08MER001) and 57m averaging 1.15g/t gold and 13.5g/t silver from surface (08MER003). No resources or reserves exist on the property.
Mercedes Location Map
Geology
The property is located within the Sierra Madre Occidental province, a historically productive, regionally extensive Tertiary volcanic field which stretches from the United States /Mexico border to central Mexico. Mercedes is located toward the western edge of the province and is underlain by a volcanic assemblage locally comprising andesite and dacite tuffs which have been intruded by granodiorite-monzonite quartz feldspar porphyry stocks. Outcrop in key areas of the property are strongly altered brecciated intrusives and some volcanics. Zoned assemblages of silica, phyllic, argillic and distal propylitic alteration are recognised. The main prospect area "La Lamosa" is a prominent, highly oxidized red ridge, visible from the highway. Gold and silver are target commodities sought at Mercedes and the property exhibits textures and alteration consistent with high sulphidation epithermal mineralization.
PPP:CA
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