Drill hole AD-22-0028 returned 48.7m (True Width) of 1.22% CuEq starting at 198.85 m down hole in the Cerro Grande zone while AD-22-0021 returned 19.85m of 1.00% CuEq from 34.5 m down hole. Similar to previously announced drilling results, mineralization is hosted in pervasive skarn alteration and highly correlated with magnetite. AD-22-0028 was collared 65m to the north of AD-22-0018 which returned 20.6m of 3.71% CuEq from 163.15m down hole and 175m to the north of AD-22-0019 which returned 32.25m of 1.74% CuEq from 36.65m down hole. The intersection of hole AD-22-0028 is open to the north, east and west.
AD-22-0028 is the only drill hole which has intersected the large and distinct magneto-telluric anomaly on theeasternflank of the Cerro Grande anticline. It is believed that the anomaly is driven by highly conductive magnetite which is strongly correlated with high grade gold and copper mineralisation. The anomaly stretches 1.4km from north to south and is open to the north with a diameter of 200m at its thickest points.
Drill hole AD-22-0027 was drilled further to the south-southwest of drill hole AD-22-0021 looking for the continuity of the system. This hole was drilled with a low angle inclination (-45-degree) and intercepted a wide strong zone of skarn alteration, without magnetite, including 130.90 m of 0.32% Zn from 141.20 m down hole. '2022's exploration program certainly exceeded expectations with half of the holes drilled returning high grade intercepts over meaningful widths. The evidence of the strong correlation between magnetite and mineralisation continues to build and as it does the number of targets continues to grow' said
Cautionary Note Regarding Forward-Looking Statements
This press release contains 'forward-looking information' within the meaning of Canadian securities legislation. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. - 2 - Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, are inherently subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated with the Company's business, as described in the Company's Filing Statement dated
Contact:
Tel: +1 236 514 8476
(C) 2023 Electronic News Publishing, source