The Boticas
property is held through an Exploration contract with the
Government of Portugal which has an anniversary date of October,
10, 2004 . The contract is initially for two years and thereafter
can be renewed on annual basis for a further one year at
a time. Kernow has committed to complete Euros 45,000 worth
of exploration work on the property in the first two years.
Size, Mineralization and Historic
Exploration
The Property covers an area of 63.79 square
kilometres and within its boundaries are a series of pits
and workings excavated for the production of gold during the
time of the Roman Empire. The main workings are the “Limarinho”
and “Poco das Freitas” pits and they lie within
300 meters of each other at the centre of the property. The
Limarinho pit covers an area of some 400 meters in length,
200 meters in width and extends to approximately 30 meters
below the original surface. The Poco das Freitas area consists
of a series of pits and workings covering an area of approximately
200 meters by 300 meters. Several other workings have been
documented on the property to the east and south of these
two areas.
Gold mineralisation on the property is
associated with Hercynian aged intrusive two mica granites
and significant shear zones. The shears are related to a large
regional structure known as the Vila Real-Verim fault, which
is over 75 kilometres in length. The structure has greatly
influenced the emplacement of gold deposits in Northern Portugal
and Northern Spain.
Ongoing Exploration and development
The Company has acquired a substantial
data package from the Portuguese “Instituto Geologicao
e Minerio” (or I.G.M., which is the governmental geological
authority). All of the data was generated between 1987 to
1991 by COGEMA (Compagnie Générale des Matières
Nucléaires of France). The data was submitted to the
I.G.M. by COGEMA in the normal course of maintaining the contract
for the property.
The data pack contains drill logs and assays
from the 16 diamond drill holes completed on the Limarinho
pit and the seven-diamond drill holes completed on the Poco
das Freitas pit. The data also contains details of a preliminary
metallurgical study carried out on split core samples from
hole PF 10 (drilled into the Limarinho deposit and further
described below), a structural study of the Poco das Freitas
and Limarinho deposits, petrographic and mineralogical studies
of samples from Limarinho core samples, maps relating to the
location of the drill holes and maps relating to a property
wide soil geochemical survey conducted on a 200 meter x 200
meter grid.
Kernow has also obtained the services of
the Geology Department, of the University of Porto to assist
in the mapping and reconciliation of the data base. This work
is underway.
A more comprehensive description of the
work completed on the property is available in the Companys’
news Release dated December 16, 2004.
Click here to see historical results.
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Click
here to see historical results.