Garrison Announces Results of Geophysics Survey at Tuvshir, Results of Shareholders' Meeting, Issuance of Shares for Debt and Loan Details
Garrison International Ltd. (TSX VENTURE:GAU) is pleased to announce that the initial Induced Polarization Gradient Array (IPGA) geophysics survey has been completed over the major areas of interest within Garrison's Tuvshir Project's northern exploration and mining licenses. A Mongolian geophysics company, GPGD LLC, which specialises in Induced Polarization surveys was contracted to conduct the IPGA program. Approximately 90 line kilometres have been surveyed at average 100 metre line spacing. On site monitoring was done on each survey line using calibrated equipment with the company's Project Geologist overseeing the survey.
An interesting relationship can be drawn between the Tuvshir results and Centerra's Boroo Gold Project, which is a world-class mine and is currently Mongolia's largest operating gold mine. Although the two projects are approximately several hundred kilometres apart they sit within the same regional thrust belt, which is host to Mongolia's major gold deposits. In the two images, again side-by-side, the chargeability highs in Centerra Gold's map display the same traits as those of the Tuvshir results, i.e. mineralisation is sitting in or on the margins of the chargeability highs.
Read report with images here