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There are two exploration targets on the property. The first is structurally controlled precious metal veins and the second is Porphyry Copper. Analogues for the precious metal veins include the Motherlode System in California in which the Pinchi fault system represents a crustal suture comparable to the Melones fault. Serpentinized ultramafic intrusions and a comparable suite of pathfinder elements lend themselves to this comparison. A review of 24 diamond drill intercepts by prior operators in the precious metal target indicates that the average vein intercept is 1.54 metres wide with an average grade of 8.41 g/tonne gold and 52.43 g/tonne silver including one very high grade intercept of 46.26 g/t gold and 2.00 g/t silver over 4 metres.
MAX plans to conduct a drill program at Indata during 2008 to test for mineralized extensions to or beneath the historical significant drill intercepts. These include the following:
- Drill hole 88-11, drilled in 1988, which intersected 4 metres of altered and weakly chalcedonic veined ultramafic grading 46.2 g/t gold over 4 metres. A new vertical hole to a depth of 200 metres is proposed and will be collared immediately to the east of 88-11. Further precious metal targets have been identified by geochemical soil surveys carried out by the previous operators, the most recent of which was conducted in 2007. The robust gold and multi-element soil anomaly developed in 2007 will require an induced polarization surveying to detail this target prior to trenching or drilling.
- Hole 98-04, drilled in 1998 in the porphyry copper target intersected 145 metres grading 0.20% copper with the bottom 24 metres grading 0.37% copper. This could represent an early indication that copper mineralization may be increasing with depth. The drill area is spatially related to a coincident magnetic high and circular feature observed on satellite imagery. Drilling has not effectively tested this feature to depth and on its northern extremity. A strong and relatively cohesive soil copper anomaly exists for at least 1,500 metres to the south of the known porphyry copper mineralization. This remains largely untested and shows promise of a large untested anomaly.
