The Tinton Gold project is 100% owned by Capella Resources. It is located 15 kilometers west-northwest of the famous and historic Homestake Mine in Black Hills at Lead, South Dakota. Capella Resources' Tinton property has 1270 hectares of landholdings in 157 unpatented mining claims. The Northern Black Hills, where the property is located, are intersected by 2 major plate scale structures which produce over 45 million troy ounces of gold. The gold mineralization process at the Homestake Mine is hosted within plunging synclinal fold structures of the Early Proterozoic Homestake Iron Formation associated with extensive ductile shearing and is subject to upper greenschist to lower amphibolites facies metamorphism.
According to the geologists of Capella Resources, there are certain evidences which show that a blind Homestake-style deposit with 40 million ounce potential is situated under Paleozoic cover in the area of the Capella's claims group on the east side of the Tinton Dome. The Tinton area is being explored by the Homestake Mining Company since 1940's. Work performed in this area includes a regional gravity survey, systematic sampling for gold of the Eocambrian outcrops, and two deep core holes spaced approximately 7km apart (WR-93-1 and WR-94-2).
Brian Cole, P. Geo. completed an independent review of the Tinton Gold Project in 2006 on behalf of Capella Resources. He sampled the nearby adit, which contains anomalous gold in basal Deadwood sandstone. A total of 16 contiguous chip samples were taken from the adit wall, which comprised of 14 in sandstone and two from an Eocene-age intrusive sill. As per the analysis, nine of the fourteen samples in sandstone carried gold values more than 10ppb.
Capella has also received the drilling permits for the Tinton property where a 2,000 meter hole is expected to be drilled in the east of the adit. To know more about Capella Resources, please browse through http://www.capellaresources.com
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