- The newly sampled Prospera vein is located atop a ridge in the extreme southeast part of the property and is exposed underground along a continuous 100 meter mine working. The massive sulfide core of the vein was systematically sampled at 10 meter intervals and averages 39.2 g/t gold (1.26 oz/t) and 254 g/t silver (8.17 oz/t) with additional samples in the surrounding diorite wall rocks containing up to 2.3 g/t gold and 19 g/t silver.
- The vein does not crop out on surface but coincident strong topographic and magnetic anomalies, along with a gold-in-soil anomaly, increase the probable horizontal extent of the vein to 500 meters. The local terrain is extremely steep and the vertical relief along the 500m trend is over 300 meters.
- The mine sampled on Prospera is at the 2725 meter elevation. This implies a minimum 1500 meter vertical range of high grade gold mineralization at Abriaqui, from the top of the ridge to the deepest drill intercept. The high silver to gold ratio is typical of the veins in the southern license in the upper part of the geologic system.
- This immediately becomes the project’s most important new target area. At least two reconnaissance drill holes are planned from existing access areas to test the down-dip extension of the vein. Additional holes will be planned based on the results.
FenixOro VP Exploration
We have had great success over the last three years exploring the northern part of the property where most of the historical mining in the district has been focused. There has been much less mining in the south due to the steepness of the terrain. We are now gaining an understanding of the significant potential of the southern block and the very high grade
There are no mine workings perpendicular to the vein so it is not clear how much of the wall rock is mineralized. Several samples of altered diorite adjacent to the vein are mineralized which indicates that there are areas of lower grade ore which could expand the average thickness. The steep topography provides an advantage in that drilling from the current drill pad locations 300 meters below the mine will allow a test of the deeper part of the vein without having to drill deep holes.
Potential of the
The mine adit on the Prospera Vein is on a steep, densely vegetated slope near the top of the ridge at the 2725m elevation. The vein does not outcrop and there are no other mine workings along strike. Figure 1 summarizes work to date in the south and Figure 2 is an oblique view of the area looking to the east on which the ground magnetometry grid is draped.
There are strong coincident E-W trending topographic and magnetic lineaments along the vein, as well as a gold-in-soil anomaly. This suggests that the vein continues an additional 300-400 meters to the west from the mine mouth. If so, the strike of the vein is a minimum 500 meters covering 300 vertical meters.
Figure 3 shows the underground mapping and sampling results. Samples were taken on an average 10 meter spacing along strike and there is continuous mineralization along the vein. The vein is characterized by 30-80 centimeters of massive pyrite-pyrrhotite-arsenopyrite-chalcopyrite-sphalerite mineralization with local veinlet zones in altered diorite wall rocks. The massive part of the vein averages 0.50 meters in true width at average grades of 39.2 g/t gold and 254 g/t silver. High grade is consistent along strike with gold between 12 – 153 g/t and silver between 56 – 1138 g/t in all vein samples. The wall rock samples almost all contain 4-19 g/t silver with gold up to 2.3 g/t.
As shown in Figures 1 and 2, we have a reasonable angle of attack for drilling from a point just northwest of the P025 – 026 platform. Those holes will intersect the trace of the vein more than 400 vertical meters below the mine level and if successful they will open a large block of high grade vein potential for future followup work.
Figure 1. Drilling to date in the
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Figure 2. Oblique view of the Prospera vein area looking east. Coincident E-W topographic, magnetic (RTP), and soil gold anomalies extend the mapped vein trend to a minimum 500m east-west and over 300 vertical meters. Topographic contour interval is 20 meters.
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Figure 3. Mine sampling along 100 meters of the Prospera Vein
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Technical Information
In-mine sampling was done in continuous horizontal channels perpendicular to the trend of the vertically dipping vein and widths represent true vein thickness. Following strict chain of custody protocols, the bagged samples are driven to the ISO 9001:2015 certified
There are currently no NI 43-101 compliant resources or reserves in the project area. The analysis of drill and channel results is intended to estimate the potential for future resources which will require significant additional drilling to define.
About
As documented in "NI 43-101 Technical Report on the Abriaqui project Antioquia State,
FenixOro's VP of Exploration,
Forward Looking Information
This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Specifically, this news release contains forward looking information regarding the potential economic significance of drill results at the
Email: info@FenixOro.com
Website: www.FenixOro.com
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Figure 1
Drilling to date in the Southern Vein Zone showing location of the Prospera Vein and its projection to the west.
Figure 2
Oblique view of the Prospera vein area looking east. Coincident E-W topographic, magnetic (RTP), and soil gold anomalies extend the mapped vein trend to a minimum 500m east-west and over 300 vertical meters. Topographic contour interval is 20 meters.
Figure 3
Mine sampling along 100 meters of the Prospera Vein
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