ocean park ventures corp (OCPFF:OTC US)
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Ocean Park Ventures Corp. engages in the exploration and development of base and precious metal properties in the Americas. The company holds an option to acquire a 51% interest in the Adelita copper-gold-silver project located in the southern part of Sonora, Mexico; a 50% interest in the Trapper gold project consisting of 9 contiguous mining claims located in the Atlin Mining Division of northern British Columbia, Canada; and a 100% interest in the Metla gold property located in northern British Columbia, Canada. It also holds option to acquire the Chisna copper/gold property located in the south central state of Alaska. The company was formerly known as eTV Technology Inc. and changed its name to Ocean Park Ventures Corp. in April 2009. Ocean Park Ventures Corp. was incorporated in 1987 and is based in Vancouver, Canada.
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ocean park ventures corp (OCPFF) Key Developments
Entourage Metals Ltd. and Ocean Park Ventures Corp. reported results of the drill program on the Rous Lake property, Ontario from November to December 2012. The 2012 exploration program is part of an ongoing effort to identify satellite deposits to Barrick Gold Corp.'s Hemlo Mine, located immediately adjacent to the Rous Lake property. Drilling extended an early 2012 drill hole (RL12-02) from an original depth of 668.0 metres to a final depth of 1373.0 metres, testing the on-strike, hanging wall extension of the Main Mineralized Trend from Hemlo. Drill results include: Locally anomalous gold mineralization (50 to 215 ppb gold), associated with various rock types nd structural settings, anomalously gold mineralized quartz feldspar porphyry (QFP) units with sulfidation increasing with depth and up to 10% pyrite, similar to the Moose Lake Porphyry at Hemlo, drill confirmation of anomalous gold-in-bedrock mineralization underlying surface soil gas hydrocarbon (SGH) targets, showing the viability of this geochemical exploration technique, and drill confirmation of the on-strike extension of many of the geological characteristics and alteration features of the Hemlo mine horizon. Results indicate the Rous Lake property is associated with extensions of the deep-seated mineralizing system that produced strong gold mineralization at Hemlo. The increase of QFP-hosted sulfidation at depth indicates additional drilling and/or downhole geophysics are warranted to define lateral or down-dip targets that may be prospective for significant, Hemlo- style gold mineralization. The vertical depths achieved by RL12-02 of 1,250 metres are consistent with the lower levels of gold mineralization included in the known resource at Hemlo. A second drill hole was initiated early in the drill program which would have tested the system at shallower depth, however technical problems forced the abandonment of this hole. RL12-02 targeted a coincident soil-gas hydrocarbon (SGH) and gravity anomaly on the Rous Lake property, where two mineralized trends merge; the Northern Arm Trend and the Hemlo-Heron Bay Shear Zone (Main Mineralized Trend). Gravity breaks are associated with gold deposits in the Abitibi Greenstone Belt (OFR 6189, Discover Abitibi), a major gold mining camp with similar characteristics to the Hemlo Greenstone Belt. At Rous Lake, the close association of SGH anomalies and a major gravity break provide an attractive exploration target.
Ocean Park Ventures Corp. reported results of the drill program operated by its Joint Venture partner Entourage Metals on the Rous Lake property, Ontario from November to December 2012. The 2012 exploration program is part of an ongoing effort to identify satellite deposits to Barrick Gold Corp.'s Hemlo Mine, located immediately adjacent to the Rous Lake property. Drilling extended an early 2012 drill hole (RL12-02) from an original depth of 668.0 metres to a final depth of 1373.0 metres, testing the on-strike, hanging wall extension of the Main Mineralized Trend from Hemlo. Drill results include: 1) Locally anomalous gold mineralization (50 to 215 ppb gold), associated with various rock types and structural settings, 2) Anomalously gold mineralized quartz feldspar porphyry ("QFP") units with sulfidation increasing with depth and up to 10% pyrite, similar to the Moose Lake Porphyry at Hemlo, 3) Drill confirmation of anomalous gold-in-bedrock mineralization underlying surface soil gas hydrocarbon (SGH) targets, showing the viability of this geochemical exploration technique, and 4) Drill confirmation of the on-strike extension of many of the geological characteristics and alteration features of the Hemlo mine horizon. Technical problems terminated RL12-02 prematurely in a zone of increasing alteration, QFP sulfidation and anomalous gold prior to reaching its target - the footwall extension of the Main Mineralized Trend that hosts much of the gold mineralization at Hemlo. Previously reported results from the upper part of this hole include 2.5 g/t gold over 1.0 metre from 653.0 to 654.0 metres. Results indicate the Rous Lake property is associated with extensions of the deep-seated mineralizing system that produced strong gold mineralization at Hemlo. The increase of QFP-hosted sulfidation at depth indicates additional drilling and/or downhole geophysics are warranted to define lateral or down-dip targets that may be prospective for significant, Hemlo-style gold mineralization. The vertical depths achieved by RL12-02 of 1,250 metres are consistent with the lower levels of gold mineralization included in the known resource at Hemlo. A second drill hole was initiated early in the drill program which would have tested the system at shallower depth, however technical problems forced the abandonment of this hole. RL12-02 targeted a coincident soil-gas hydrocarbon (SGH) and gravity anomaly on the Rous Lake property, where two mineralized trends merge; the Northern Arm Trend and the Hemlo-Heron Bay Shear Zone (Main Mineralized Trend). The SGH method is useful in deeply covered terrains where conventional soil geochemistry is ineffectual. At Rous Lake, over 200 metres of overburden including raised beach sand covers most of the property. This geochemical method has been shown to accurately identify known mineralization at depth through orientation surveys and has contributed to recent gold discoveries in the Canadian Shield and elsewhere. The SGH survey is a deep penetrating geochemical method that involves the analysis of various hydrocarbons using a forensic approach for identification. Recent drilling at Rous Lake has tested only two of several SGH targets. Gravity breaks are associated with gold deposits in the Abitibi Greenstone Belt (OFR 6189, Discover Abitibi), a major gold mining camp with similar characteristics to the Hemlo Greenstone Belt. At Rous Lake, the close association of SGH anomalies and a major gravity break provide an attractive exploration target.
Ocean Park Ventures Corp. announced results of its drill program carried out on the Jesse Creek property, located near Merritt, British Columbia from November to December 2012. Seven HQ diameter diamond drill holes totaling 2,300 m were completed on the property, testing three geophysical targets from surface to vertical depths of between 250 and more than 450 meters. The targets were previously identified by Dundarave Resources Inc. through an Induced Polarization survey. Results were as follows: two of the three targets encountered porphyry style hydrothermally altered volcanic and/or intrusive rocks, possibly related to the Craigmont porphyry-skarn complex located to the west. Copper mineralization was only noted in short structurally mediated intervals within these pyritic alteration zones. The best observed copper mineralization was 2.01 m returning 0.57% copper. Copper mineralization returning over 0.10% copper was only noted within five short intervals of less than three meters each, spread across four drill holes. Precious metal mineralization was not observed within any of the alteration zones. The results do not meet Ocean Park's geological criteria and the company has opted to discontinue its option agreement with Dundarave.
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