“Oroco is now highly confident that the close correlation between the DCIP results and our knowledge of the distribution of historically drilled mineralization provides the Company with a compelling basis for use of the DCIP results to guide the targeting of future drilling at the Santo Tomas South, North and Brasiles Zones.”
“Over the last several months, our exploration drilling on El Orito and El Favor led us to believe that these structures may connect to form a mineralized zone in excess of 3 kilometres. This is a very exciting development which could add greatly to the potential mineral resources in Los Ricos North,” said Brad Langille, President and CEO.
Mel Herdrick, Sonoro’s VP of Exploration noted, “I am pleased that these latest drill holes show the area between the two gold bearing zones, which was previously considered barren, does in fact carry gold mineralization. It is a very encouraging ending for what has been a very effective drill program.”
“We are extremely pleased with these early stage results”, commented VP Exploration, Brodie Sutherland. “As we advance north of the Main Zone we are finding significant mineralization.”
“Riverside is very pleased to be advancing the copper exploration program with BHP. The global demand for copper continues to increase and securing this additional year of increased funding puts Riverside in a great position to pursue copper opportunities more aggressively with our funding partner.”
“Mapping on the Casados North zone has paid off with the intercept of multiple kilos in hole 38,” said Brad Langille, President and CEO. “We will continue to explore the Casados North zone as new discoveries like this will be favourable for our upcoming Los Ricos North maiden resource to be released later this year.”
“Exploration and diamond drilling efforts led by head geologist Michelle Robinson, have successfully identified an extensive mineralized vein system and numerous targets for follow up investigation, including a large, unexplored copper porphyry target situated in the northern part of the Property.”
Taj Singh, President and CEO, states: “Our vein drilling at Josefina continues to deliver bonanza grade intercepts.”
“Our geological modelling has resulted in discoveries of extensions adjacent to the area undergoing resource estimation. The Company’s 3D geological interpretation has significantly improved our understanding of the geological setting at the Plomosas Mine Area, revealing a much larger epithermal system than originally contemplated”.
The Company drilled approximately 2,500 metres of large diameter (PQ) core providing 10 tonnes of material for metallurgical testwork that will focus on the new heap leach processing route.
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