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Viscount and Centerra Gold Commence Plans to Drill Potential Porphyry Targets at Cherry Creek Nevada [Yahoo! Finance]

Centerra Gold Inc. Common Shares (CGAU) 
Company Research Source: Yahoo! Finance
our partner, a wholly owned subsidiary of Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) ("Centerra") are in the planning stages of an initial summer drill program at our Cherry Creek property in Nevada. The first target is an area with a large soil and rock sample molybdenum and gold geochemical anomaly. The area is underlain gold bearing jasperoid which occurs along the upper and lower contact of the Eureka Quartzite. Jasperoids are iron rich silicious bodies that form when silica floods into a susceptible host rock or contact along with hydrothermal fluids related to a potentially mineralizing event. Not all jasperoids are mineralized, but they are a good indication of mineralization nearby or at depth. The magnetic anomaly of the first target is dipping moderately to the east and may represent a magnetic dike or porphyry related to the large Eocene age pluton that underlies the entire Cherry Creek mining district. The combined magnetic and molybdenum anomalies area are suggestive o Show less Read more
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