Highlights:
- The Loma Dorada target is currently the subject of reconnaissance drilling, testing a new geological model of NW trending, Au-Ag rich veining - a possible extension 1.2 km along strike from
La Colorada - Individual epithermal veins returned attractive gold and silver results, including:
- 1.0 m at 5.23 g/t Au and 166 g/t Ag (LDSP21-007)
- Extensive iron oxide rich zone indicates pervasive alteration with broad low-grade gold mineralization over a 1.5 km x 0.5 km area, defining the Loma Dorada target (Figure 1)
- Surface channel sampling has identified multiple veins on surface displaying gold and silver mineralization including:
- 1.8 m at 1.3 g/t Au
- 11.7 m at 0.3 g/t Au, including 1.3 m at 1.1 g/t Au
- Ongoing reconnaissance drilling continues to define extensions of the wide mineralized zone, with potential to define drilling targets along strike and down dip, including:
- 5.9 m at 0.5 g/t Au, 0.8% Pb and 1.0% Zn (LDS21-03)
The Company is advancing exploration on multiple targets, as part of its previously announced surface diamond drilling program. High-angle NW and NE trending structures that are potential hosts to low to intermediate sulphidation epithermal systems, are the key targets at Loma Dorada, Trampolín, El Saltito, Plomosas Sur and the GAP Area. An additional 35 targets are being reviewed at the
Loma Dorada Mineralization
Loma
The main geological concept being tested at Loma Dorada is a set of NNW-SSE to N-S trending veins which are subparallel to the main Ag-Au mineralized vein systems in other parts of the
The Loma Dorada veins are potentially related to the northern extension of the
Significant results from the initial drilling at Loma Dorada are shown in Table 1, below.
Table 1: Loma Dorada Drill Results
Drill Hole | From (m) | To (m) | Apparent | Au g/t | Ag g/t | Pb % | Zn % |
LDS21-01 | 21.0 | 24.0 | 3.0 | 0.73 | na | na | na |
LDS21-02 | 35.8 | 37.5 | 1.7 | 0.65 | na | na | na |
LDS21-03 | 241.5 | 249.0 | 7.5 | 0.30 | na | 0.7 | 0.8 |
255.4 | 261.3 | 5.9 | 0.52 | na | 0.8 | 1.0 | |
LDSP21-007 | 3.0 | 4.0 | 1.0 | 5.23 | 166 | na | na |
LDSP21-002 | 12.0 | 14.0 | 2.0 | 0.95 | 77 | na | na |
* Widths are apparent widths only. Insufficient structural information is available at this stage to estimate true width with confidence. "na" = no significant result. LDSP21-007 and LDSP21-002 are portable core drill holes. LDSP21-001, LDSP21-003, LDSP21-004 and LDSP21-006 did not return relevant assays. |
Table 2: Loma Dorada Drill Hole Coordinates
Hole No. | East (m) | North | RL | Dip | Azimuth | Depth | Type |
LDSP21- | 447767 | 2552196 | 926 | -85 | 250 | 14.0 | Surface |
LDSP21- | 447815 | 2551783 | 920 | -35 | 250 | 14.0 | Surface |
LDS21-01 | 447785.7 | 2552054 | 971 | -60 | 250 | 100.5 | Surface |
LDS21-02 | 447822 | 2551941 | 919 | -45 | 250 | 75.0 | Surface |
LDS21-03 | 447790 | 2551955 | 917 | -45 | 70 | 346.5 | Surface |
The recent surface channel sampling program at Loma Dorada has also identified multiple veins and wide gold mineralized zones as illustrated by the channel sample results below.
Channel | From | To | Apparent width* | Au | Ag | Pb | Zn |
LDS21-CH-002 | 0.0 | 1.1 | 1.1 | 1.37 | 154 | na | na |
LDS21-CH-005 | 0.0 | 1.8 | 1.8 | 1.3 | 34 | na | na |
LDS21-CH-006 | 0.0 | 11.7 | 1.1 | 0.3 | 11 | na | na |
| 0.0 | 1.3 | 1.3 | 1.06 | 36 |
No relevant assays for channels LDS21-CH 001 – 003 and 004 |
Qualified Person
The scientific and technical data contained in this News Release related to the exploration program were reviewed and/or prepared under the supervision of
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