Surface sampling from the untested California target have returned grades of up to 1.5 m @ 27 g/t Au.
Phase One of the program will total 6,000 meters of core drilling to test 20 targets, of which the initial 11 holes have been identified in the Drilling Plan. Of the remaining nine holes, seven have been tentatively identified in the Drilling Plan and two are reserved depending on the results of prior holes. This initial core drilling program is the first segment of the proposed 50,000 meters of core and rotary drilling contemplated in the Company’s May 26, 2020 news release.
Kootenay Silver Inc. announces its partner on the Cervantes porphyry gold-copper property in Sonora, Mexico, Aztec Minerals Corp., reports final interpretation of a 3-Dimensional IP-Resistivity survey identifying multiple chargeability anomalies over a 5 kilometer long corridor.
Tarachi Gold Corp. is pleased to announce that field work has commenced on the Company’s group of mining concessions known as the Tarachi project located in the Sierra Madre Gold Belt of Eastern Sonora, Mexico. The Company’s projects all lie within an established gold producing region, bordering Alamos’ Mulatos mine and Agnico Eagle’s La India mine.
Joey Wilkins, CEO and President commented “Our geological mapping and geochemical sampling delineated five mineralized porphyry targets southwest of the main California target. This new 3-D IP data gave us more than we had hoped for in defining several strong and large chargeability anomalies that coincide with our geological and geochemical targets. None of the Jacobo, Purisima West, Purisima East and Estrella targets have ever been drill-tested.”
Moving forward, scheduled work to be done, and included with these and previous results, are structural analyses with associated survey tools by structural geologists, and XRF survey of samples across the property and of historic drill hole samples held in storage. XRF identifies elements and their amounts which in turn help to identify pathfinder elements. All these surveys and analyses will be taken collectively in order to locate the structures and hence mineralization to provide targets for the drill program; currently anticipated in late summer/early fall of this year.
“This hole drilled in the Rascadero area of the Los Ricos South project is our northernmost hole drilled to date in the area and it is encouraging to see such a wide intersect of high grade mineralization in this area,” said Brad Langille, President and CEO. “This may represent the beginning of a new ore shoot on the northwesternmost area of Los Ricos South.”
Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to partner again with Hochschild Mining in Sonora, Mexico. We both see significant discovery potential at Los Cuarentas and our team is keen to get going in the field with safe, cost-effective exploration work to test a series of drill targets in short order.”
Vice President of Exploration Charles Funk commented “These results are a very exciting discovery for Vizsla with multiple veins intersected in drilling containing very high-grade silver, gold and base metals. These holes are the first ever drilled on the Napoleon vein which extends over more than 2 km of strike and hosts multiple small-scale mines and mineralized outcrops.”
Preparations are underway to begin clearing approximately 30m of debris from the bottom of the El Pinguico shaft, one of three shafts that gave access to the historic El Pinguico mine.
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