Between
The holes completed during this first phase of drilling tested a 650 m long section of the 'Buenavista' corridor, centered along the old mining workings where previously sampled surface rock sampling returned high-grade gold and silver values as high as 239.9 g/t Au and 1390 g/t Ag. Drill holes varied between 100 m and 150 m in depth and were spread out across eight drill pads, three of which hosted a pair of holes. All eleven (11) holes intersected the 'Buenavista' vein-breccia structure at depths ranging between 50 to 110 m. Hole ED23-01 on the other hand, also intersected a second parallel quartz - rich structure, 50 meters further to the W-NW.
Although the 'Buenavista' vein-breccia structures returned only anomalous gold and silver values, the drilling program confirmed the continuity of the strike, and down-dip extensions of the mineralized 'Buenavista' system. The low-temperature quartz textures found on surface, such as amethyst and chalcedonic quartz, are also abundant across the structures intersected at depth (down to 110 meters). This occurrence, found both at surface and at depth, suggest that we are still at a high level in the epithermal column and that a gold and silver system could exist further down-dip.
Moreover, the interpretation results from the semi-detailed geological mapping and geophysical survey that were completed in 2022 across the 1.3 km long, N-NE extension of the 'Buenavista' corridor, show that the quartz-rich (resistive) mineralized zone found across the old mine workings area, is continuous to the N-NE, and dipping gently along strike.
Apart from the 2.8 km long 'Buenavista' mineralized corridor, there are three other sub-parallel, fault-controlled mineralized vein-breccia systems within and around the Eden Property: the 'Paloma', the northern portion of the 'Guadalupana' structures branching out, SE and SW, of the 'Buenavista' old mine workings (extension confirmed by geophysical anomaly) and the 'La Provedora' structure located 1.5 km to the east of 'Buenavista'. Old mine workings and occurrences of visible gold were found along all three of these sub-parallel, N-NE trending, regional fault structures.
The company's geological team is currently completing the review, analysis, and interpretation of the drilling results. Once finished, the team will prepare a follow-up program of exploration including more drilling, mapping and sampling across the 'Buenavista' extensions and along the other three structures mentioned above. The company believes that the Eden Property, as a whole, hosts a significant gold-silver system as proven by the exploration work completed so far. With this in mind, we are firmly determined to continue exploring and initiate the second phase drill program.
The drilling contractor was
The Company would like to thank Bylsa Drilling from
QA/QC Sample Preparation and Analytical Procedures
Centenario employs industry standard QA / QC and data verification protocols. Drilling was performed by Bylsa Drilling of
In Tasajeras, the drill core was cut lengthwise into halves using a diamond-bladed saw, with one-half used for the assay sample and the other half retained in core boxes and archived at site. Mineralized zones were generally sampled between 0.5m and 3m intervals. Quality control samples including standards, blanks and duplicates were inserted between core samples using the same numbering sequence. Each core sample was then placed in a resistant plastic bag with a unique numbered sample identification tag, and the sample number written on the bag.
The samples were then grouped into batches and transferred to large cotton bags with sample numbers written on the outside and sealed. The large sample bags, holding between 7 and 9 samples each, are then loaded on a company truck and transported to the laboratory facility. Chain of custody records are maintained for sample shipments and the custody is transferred from
Samples were shipped to and assayed by
About
Reader Caution: The qualified person has not verified the information on the adjacent properties nor mineralization found on adjacent and/or geologically similar properties which is not necessarily indicative of mineralization found on the Property.
Further information on the Centenario Gold or their Properties can be found on our website at www.centenariogold.com along with the NI43-101 compliant Technical Report filed on SEDAR.
Contact:
President, Director
Tel: 604-803-5901
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements
Caution Regarding Forward Looking Statements
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute 'forward-looking statements'. Such forward-looking statements include, without limitation, statements regarding copper, gold and silver forecasts, the financial strength of the Company, estimates regarding timing of future development and production and statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions may include, without limitation, the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable security law.
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