Projects
Gold Coin Arizona USA
The Gold Coin property is located about 120 kilometres southeast of Tucson Arizona within the historic Turquoise mining district of Cochise county. The property's main exploration target is low sulphidation epithermal gold mineralization hosted within sediments; a low-cost, surface bulk tonnage gold target.
While conducting due diligence work on the property, Secova personnel collected and assayed continuous rock chip samples from two historical trenches; dubbed the Double Eagle Trenches. Highlight gold assay results are 13.72 metres of 3.12 g/t (including 6.10m of 4.65g/t) from trench #1 and 18.29 metres of 1.85 g/t (including 4.57m of 5.61 g/t) from trench #2. Importantly, in the case of Trench #1, sampling starts and ends in mineralization. With these high grade assay results, over wide widths, Secova will soon begin exploratory diamond drill testing the property. Drilling will total an estimated 2,000 metres in up to ten holes, with initial holes focusing on the gold mineralization found in the Double Eagle trenches.
The Gold Coin project has been subjected to a swift and systematic exploration program which includes property wide MMI soil sampling, geological mapping and ground based magnetic & VLF-EM geophysical surveying. Review of these gold exploration data reveals that the Gold Coin claims encompass three large and distinct zones of coincident soil & geophysical anomalies. In general, the soil anomalies have a strong combined gold, silver, arsenic and antimony signature along with lesser base metal attributes. The geophysical VLF-EM survey shows that these soil anomalies are cut by northwest and northeast trending conductors. Importantly, the magnetic survey and select MMI soil elements (cerium, uranium and rare earth elements) identify overlapping zones which are inferred to be intrusive rock units.
The most intriguing of the three anomalous zones is coincident with the Double Eagle trenches. This soil + geophysical anomaly measures about 1,000m long by 350m wide and has a strong north-westward trend. The second anomaly is centred about 350 metres east of the trenches, measures about 900m long by 250m wide and roughly parallels the Double Eagle anomaly. The third anomaly is the largest of the three and is located within the north-central part of the property. This soil + geophysical anomaly is loosely elliptical in shape measuring about 1,000 metres in a east-west direction by a width of 300 -- 500m metres. Additional soil samples are being collected off the eastern limit of this elliptical anomaly, as it open to the east and trends on to the newly acquired claims.
The three newly discovered anomalous areas cover land that is dominantly covered with a thin veneer of desert soil (typically less than three metres deep), which masks favourable geological rocks. Earlier explorationists were hindered by the soil cover and focused their efforts on the sporadic windows of outcropping rocks. Secova's soil and geophysical surveys will serve as an excellent tool for focusing the forthcoming diamond drill program.
Outcropping Carboniferous age limestones on the south-central portion of the property have extensive zones of silica (jasperoid) alteration and strong limestone decalcification, the limits of which have yet to be defined being masked by overburden cover. This prospective area, called the Double Eagle Zone, has seen historical placer gold mining and surface trenching & pitting, but no systematic exploration or drill testing. Secova's program is the first modern exploration of this gold property.
Brecciated limestone rocks in Double Eagle Zone trenches (#1 and #2) display variable clay alteration and moderate to locally strong quartz silica flooding/veining with hematite oxide veinlets and vug infillings. Gold mineralization is likely related Tertiary age intrusive gold-enriched fluids interacting with northward trending structures (flat west dipping thrusts) and sub-vertical trending high angle normal faults and the shallow eastward dipping favourable carbonate host rocks. The orientation of the gold mineralization has yet to be fully recognized.
Secova has the right to earn one hundred percent of the property's 64 unpatented lode mining claims, encompassing an estimated total area of 350 hectares (864.8 acres), from joint owners Philip Sterling and Manuel Hernandez by paying an aggregate of one million US dollars over a ten year period. In addition, the property agreement grants a 2.0% net smelter royalty to the vendors, which can be purchased by Secova, in its entirety, for $500,000 US for each one half percent of the royalty.
In late 2009, Secova applied for three Arizona state mineral exploration licenses contiguous to the east side of original claims. When granted, the Gold Coin property will nearly double in size; increasing from 350 hectares (864.8 acres) to 659.2 hectares (1,628.9 acres).
The Turquoise Mining district, also known as the Courtland-Gleeson district, is located within a broad north-south regional mineral trend extending greater than 100 kilometres from southeast Arizona into Sonora Mexico. Within this large region exploration targets include precious metal enriched base-metal carbonate replacement (CRD), structurally related-gold and deep seated porphyry mineralization. The area includes two other well known historical gold-copper-silver mining districts: Warren (Bisbee) and Tombstone. The Warren district produced more than 8 billion pounds of copper and 2.8 million ounces gold over a 100 year period, while the Tombstone camp yielded some 29.8 million ounces silver and 35 million pounds lead. The Turquoise district hosts a few small scale past gold and base metal producers, most notably the Gleeson-Courtland and Common Wealth mines. Additionally, the notable Mexican Hat Tertiary volcanic hosted gold project is located only eight kilometres to the north of the Gold Coin.
While conducting due diligence work on the property, Secova personnel collected and assayed continuous rock chip samples from two historical trenches; dubbed the Double Eagle Trenches. Highlight gold assay results are 13.72 metres of 3.12 g/t (including 6.10m of 4.65g/t) from trench #1 and 18.29 metres of 1.85 g/t (including 4.57m of 5.61 g/t) from trench #2. Importantly, in the case of Trench #1, sampling starts and ends in mineralization. With these high grade assay results, over wide widths, Secova will soon begin exploratory diamond drill testing the property. Drilling will total an estimated 2,000 metres in up to ten holes, with initial holes focusing on the gold mineralization found in the Double Eagle trenches.
The Gold Coin project has been subjected to a swift and systematic exploration program which includes property wide MMI soil sampling, geological mapping and ground based magnetic & VLF-EM geophysical surveying. Review of these gold exploration data reveals that the Gold Coin claims encompass three large and distinct zones of coincident soil & geophysical anomalies. In general, the soil anomalies have a strong combined gold, silver, arsenic and antimony signature along with lesser base metal attributes. The geophysical VLF-EM survey shows that these soil anomalies are cut by northwest and northeast trending conductors. Importantly, the magnetic survey and select MMI soil elements (cerium, uranium and rare earth elements) identify overlapping zones which are inferred to be intrusive rock units.
The most intriguing of the three anomalous zones is coincident with the Double Eagle trenches. This soil + geophysical anomaly measures about 1,000m long by 350m wide and has a strong north-westward trend. The second anomaly is centred about 350 metres east of the trenches, measures about 900m long by 250m wide and roughly parallels the Double Eagle anomaly. The third anomaly is the largest of the three and is located within the north-central part of the property. This soil + geophysical anomaly is loosely elliptical in shape measuring about 1,000 metres in a east-west direction by a width of 300 -- 500m metres. Additional soil samples are being collected off the eastern limit of this elliptical anomaly, as it open to the east and trends on to the newly acquired claims.
The three newly discovered anomalous areas cover land that is dominantly covered with a thin veneer of desert soil (typically less than three metres deep), which masks favourable geological rocks. Earlier explorationists were hindered by the soil cover and focused their efforts on the sporadic windows of outcropping rocks. Secova's soil and geophysical surveys will serve as an excellent tool for focusing the forthcoming diamond drill program.
Outcropping Carboniferous age limestones on the south-central portion of the property have extensive zones of silica (jasperoid) alteration and strong limestone decalcification, the limits of which have yet to be defined being masked by overburden cover. This prospective area, called the Double Eagle Zone, has seen historical placer gold mining and surface trenching & pitting, but no systematic exploration or drill testing. Secova's program is the first modern exploration of this gold property.
Brecciated limestone rocks in Double Eagle Zone trenches (#1 and #2) display variable clay alteration and moderate to locally strong quartz silica flooding/veining with hematite oxide veinlets and vug infillings. Gold mineralization is likely related Tertiary age intrusive gold-enriched fluids interacting with northward trending structures (flat west dipping thrusts) and sub-vertical trending high angle normal faults and the shallow eastward dipping favourable carbonate host rocks. The orientation of the gold mineralization has yet to be fully recognized.
Secova has the right to earn one hundred percent of the property's 64 unpatented lode mining claims, encompassing an estimated total area of 350 hectares (864.8 acres), from joint owners Philip Sterling and Manuel Hernandez by paying an aggregate of one million US dollars over a ten year period. In addition, the property agreement grants a 2.0% net smelter royalty to the vendors, which can be purchased by Secova, in its entirety, for $500,000 US for each one half percent of the royalty.
In late 2009, Secova applied for three Arizona state mineral exploration licenses contiguous to the east side of original claims. When granted, the Gold Coin property will nearly double in size; increasing from 350 hectares (864.8 acres) to 659.2 hectares (1,628.9 acres).
The Turquoise Mining district, also known as the Courtland-Gleeson district, is located within a broad north-south regional mineral trend extending greater than 100 kilometres from southeast Arizona into Sonora Mexico. Within this large region exploration targets include precious metal enriched base-metal carbonate replacement (CRD), structurally related-gold and deep seated porphyry mineralization. The area includes two other well known historical gold-copper-silver mining districts: Warren (Bisbee) and Tombstone. The Warren district produced more than 8 billion pounds of copper and 2.8 million ounces gold over a 100 year period, while the Tombstone camp yielded some 29.8 million ounces silver and 35 million pounds lead. The Turquoise district hosts a few small scale past gold and base metal producers, most notably the Gleeson-Courtland and Common Wealth mines. Additionally, the notable Mexican Hat Tertiary volcanic hosted gold project is located only eight kilometres to the north of the Gold Coin.
