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Although mineralization at Zonda is mostly gold with some silver credits, a new zone located to the SW of the main mineralized area is showing abundant Cu mineralization as Cu oxides and partly oxidized chalcopyrite, hosted within Permian granites; the mineralization has been mostly observed as float and subcrop since the entire area is heavily covered with colluvial material. Samples in this style of mineralization have returned values up to 1.1% Cu and 53 g/t Ag - see Figures 2 and 3.
The Cu-Ag-Pb-Zn Campamento target is located on the central-eastern portion of the Poncha land package, 9.5 km SE of the Poncha North target. Mineralization found at Campamento is exclusively hosted in Permian granites in the form of chalcopyrite and Cu-oxides in quartz tourmaline veinlets. The structural setting is still to be understood but the anomalous copper zones seem to define a NNE corridor while individual veinlets are mostly NS oriented. 73 samples have been collected so far from which 18 contain >0.1% Cu and nine returned >0.5% Cu. The mineralogical and geochemical association may indicate an Intrusion Related mineralization style.
Both Campamento and Zonda targets are in a very early stage and will become an active part of the 2023-2024 field season. The lower elevation and easy access at the Zonda target have allowed to advance exploration work during the winter months. A 1,106 soil samples grid was just completed at Zonda, and the samples are currently being analyzed at ALS labs. Additional mapping, sampling, trenching, and geophysics will be part of the exploration plan during the next months.
Highlighted Samples
Zonda | |||||||||
Sample | Site | Type | Width | Primary | Ag (ppm) | Au (ppm) | Cu (ppm) | Pb (ppm) | Zn (ppm) |
E33163 | Outcrop | Grab | Rhyolite | 7.65 | 16.8 | 44.6 | 35.3 | 105 | |
E33162 | Outcrop | Channel | 0.6 | Rhyolite | 14.55 | 14.05 | 55.9 | 33.4 | 57 |
E33152 | Outcrop | Grab | 4.88 | 12.6 | 41.2 | 388 | 78 | ||
E33186 | Outcrop | Grab | Rhyolite | 1.38 | 7.83 | 16.6 | 165 | 55 | |
E33190 | Outcrop | Channel | 0.3 | Rhyolite | 1.06 | 6.99 | 25.6 | 118 | 248 |
E33368 | Outcrop | Channel | 1 | Sandstone | 1.48 | 4.96 | 153 | 31.7 | 66 |
E33187 | Outcrop | Channel | 0.7 | Rhyolite | 1.03 | 4.09 | 24.3 | 123.5 | 54 |
E33153 | Outcrop | Channel | 0.3 | Rhyolite | 0.98 | 3.74 | 35.3 | 113 | 17 |
E33167 | Outcrop | Channel | 1 | Rhyolite | 1.5 | 3.71 | 33.6 | 19.3 | 130 |
E33290 | Outcrop | Grab | Sandstone | 0.79 | 3.51 | 35.4 | 383 | 68 | |
E33100 | Outcrop | Grab | Rhyolite | 1.24 | 3.47 | 12.4 | 77.7 | 35 | |
E33168 | Outcrop | Channel | 1 | Sandstone | 1.78 | 3.3 | 18 | 17.8 | 51 |
E33101 | Outcrop | Grab | Rhyolite | 26.2 | 3.14 | 10.4 | 240 | 113 | |
E33191 | Subcrop | Grab | Rhyolite | 0.77 | 3.12 | 19.7 | 37.2 | 64 | |
E33158 | Outcrop | Channel | 0.25 | Rhyolite | 5.09 | 2.99 | 24 | 98.8 | 13 |
E33170 | Outcrop | Channel | 0.5 | Rhyolite | 1.91 | 2.95 | 42.4 | 177.5 | 265 |
E33193 | Outcrop | Channel | 0.5 | Rhyolite | 3 | 2.67 | 9.6 | 89.3 | 35 |
E33318 | Outcrop | Grab | Rhyolite | 2.86 | 2.62 | 24.6 | 141 | 160 | |
E33161 | Outcrop | Channel | 2 | Rhyolite | 5.33 | 1.675 | 72.4 | 41.6 | 25 |
E33192 | Outcrop | Channel | 1 | Rhyolite | 1.34 | 1.59 | 23.2 | 699 | 556 |
E33165 | Outcrop | Channel | 2 | Rhyolite | 4.09 | 1.54 | 52.4 | 25.5 | 61 |
E33164 | Outcrop | Channel | 2 | Rhyolite | 8.03 | 1.415 | 63.2 | 34.9 | 162 |
E33156 | Outcrop | Channel | 1 | Rhyolite | 3.74 | 1.415 | 38.1 | 114.5 | 41 |
E33195 | Outcrop | Grab | Rhyolite | 0.52 | 1.2 | 10.2 | 30.7 | 34 | |
E33169 | Subcrop | Grab | Sandstone | 0.75 | 1.07 | 28.5 | 9.4 | 14 | |
E33194 | Outcrop | Grab | Rhyolite | 0.44 | 0.996 | 24 | 78.8 | 120 | |
E33367 | Outcrop | Grab | Sandstone | 0.37 | 0.937 | 50.7 | 43.8 | 452 | |
E33284 | Outcrop | Channel | 0.4 | Sandstone | 0.55 | 0.597 | 43 | 48 | 415 |
E33160 | Outcrop | Channel | 1.2 | Rhyolite | 0.83 | 0.54 | 35.5 | 26.9 | 10 |
E33373 | Outcrop | Channel | 1.7 | Sandstone | 1.26 | 0.532 | 64.5 | 11.9 | 33 |
E33157 | Outcrop | Channel | 2 | Rhyolite | 2.32 | 0.503 | 50.9 | 29.9 | 28 |
E33173 | Outcrop | Channel | 2 | Vein | 0.45 | 0.389 | 62.9 | 5 | 23 |
E33320 | Outcrop | Grab | Sandstone | 0.77 | 0.363 | 60.3 | 597 | 199 | |
E33198 | Outcrop | Channel | 0.4 | Rhyolite | 0.59 | 0.351 | 33.1 | 34.3 | 20 |
E33357 | Float | Grab | Rhyolite | 1.14 | 0.344 | 79 | 413 | 196 | |
E33311 | Outcrop | Grab | Sandstone | 1.15 | 0.302 | 49.4 | 82 | 624 | |
E33309 | Outcrop | Grab | Rhyolite | 0.88 | 0.284 | 32.9 | 155 | 243 | |
E33200 | Outcrop | Channel | 0.3 | Rhyolite | 0.82 | 0.268 | 50 | 58.5 | 62 |
E33372 | Outcrop | Channel | 2 | Vein | 3.07 | 0.235 | 106.5 | 20.8 | 27 |
E33197 | Outcrop | Grab | Sandstone | 0.52 | 0.22 | 25.2 | 88.5 | 54 | |
E33291 | Outcrop | Grab | Vein | 1.04 | 0.201 | 18.4 | 22.4 | 20 | |
E04418 | Float | Grab | Rhyolite | 0.1 | 0.173 | 42 | 31 | 76 | |
E33369 | Outcrop | Channel | 0.5 | Breccia | 0.41 | 0.168 | 151 | 6 | 35 |
E04417 | Dump | Grab | Andesite | 0.3 | 0.165 | 8 | 91 | 35 | |
E33155 | Outcrop | Channel | 2 | Rhyolite | 0.29 | 0.129 | 18 | 13.8 | 34 |
E33271 | Float | Grab | Granite | 53 | 0.043 | 11,000 | 3,330 | 2,100 | |
E33305 | Float | Grab | Sandstone | 11.6 | 0.022 | 1,185 | 1,085 | 278 | |
E33319 | Float | Grab | Granite | 22.4 | 0.02 | 8,230 | 35.7 | 66 | |
E33317 | Outcrop | Grab | Rhyolite | 0.12 | 0.019 | 23.1 | 10.6 | 1,425 | |
E33303 | Subcrop | Grab | Granite | 4.16 | 0.018 | 9,660 | 598 | 632 | |
E33304 | Outcrop | Channel | 0.15 | Vein | 7.32 | 0.014 | 2,660 | 20.5 | 138 |
E33275 | Float | Grab | Granite | 41.2 | 0.012 | 5,160 | 3,260 | 1,065 | |
E33272 | Subcrop | Grab | Granite | 8.27 | 0.007 | 2,140 | 112.5 | 232 | |
E33268 | Outcrop | Grab | Sandstone | 5.06 | 0.007 | 1,890 | 18 | 65 | |
E33300 | Outcrop | Grab | Sandstone | 11.15 | 0.005 | 8,100 | 42.7 | 160 | |
E33302 | Float | Grab | Granite | 7.14 | 0.0025 | 4,280 | 314 | 792 |
Table 1. Highlighted samples from the Zonda target. |
Campamento | ||||||||||
Sample | Site | Type | Width | Primary | Ag (g/t) | Au (g/t) | Cu | Pb (ppm) | Zn (ppm) | Mo (ppm) |
E30536 | Outcrop | Channel | 0.2 | Granite | 33.7 | 0.016 | 15,250 | 168 | 18,350 | 5 |
E04398 | Float | Grab | Granite | 154 | 0.011 | 10,500 | 901 | 1,020 | 8 | |
E33148 | Float | Grab | Granite | 7.57 | 0.0025 | 9,940 | 11,000 | 1,585 | 203 | |
E33120 | Outcrop | Grab | Granite | 43.7 | 0.005 | 9,370 | 18,150 | 3,450 | 113 | |
E33122 | Workings | Grab | Granite | 24 | 0.0025 | 8,860 | 31,200 | 2,390 | 45.9 | |
E33128 | Outcrop | Grab | Granite | 45.5 | 0.005 | 7,330 | 2,380 | 7,180 | 321 | |
E33133 | Outcrop | Grab | Granite | 11.75 | 0.0025 | 6,250 | 6,680 | 2,980 | 126 | |
E04400 | Float | Channel | 0.3 | Granite | 87.6 | 0.015 | 5,940 | 540 | 307 | 12 |
E33115 | Float | Grab | Granite | 126 | 0.005 | 5,430 | 9,120 | 2,260 | 45.1 | |
E04409 | Outcrop | Channel | 0.8 | Granite | 10.2 | 0.001 | 4,310 | 262 | 1,950 | 8 |
E30535 | Outcrop | Channel | 0.2 | Granite | 1.8 | 0.001 | 3,980 | 89 | 168 | 7 |
E30533 | Float | Grab | Granite | 2.2 | 0.0005 | 3,020 | 103 | 166 | 2 | |
E33121 | Outcrop | Channel | 2 | Granite | 14.95 | 0.022 | 2,500 | 11,550 | 1,945 | 101.5 |
E33134 | Outcrop | Grab | Granite | 2.52 | 0.0025 | 1,635 | 131 | 171 | 6.04 | |
E30722 | Outcrop | Grab | Vein | 14.3 | 0.006 | 1,320 | 420 | 1,470 | 9 | |
E04410 | Outcrop | Channel | 0.4 | Granite | 1.7 | 0.0005 | 1,310 | 77 | 77 | 3 |
E30531 | Outcrop | Channel | 0.1 | Granite | 2.6 | 0.006 | 1,185 | 120 | 2,050 | 4 |
E33110 | Outcrop | Grab | Granite | 3.15 | 0.006 | 1,135 | 57.9 | 5,560 | 11.3 | |
E33126 | Outcrop | Grab | Granite | 0.14 | 0.0025 | 771 | 26.4 | 418 | 3.7 | |
E33130 | Float | Grab | Granite | 13.25 | 0.0025 | 659 | 1,405 | 3,830 | 7.3 | |
E33132 | Outcrop | Grab | Granite | 1.59 | 0.0025 | 572 | 254 | 2,400 | 9.18 | |
E33125 | Float | Grab | Granite | 15.55 | 0.0025 | 550 | 559 | 1,595 | 3.84 | |
E04272 | Float | Grab | Rhyolite | 5.3 | 2.07 | 386 | 1,505 | 1,490 | 17 | |
E33114 | Outcrop | Grab | Granite | 3 | 0.0025 | 183.5 | 108.5 | 250 | 7.3 | |
E04331 | Outcrop | Channel | 0.4 | Granite | 1.9 | 0.0005 | 174 | 769 | 488 | 9 |
E30546 | Outcrop | Channel | 0.5 | Granite | 0.4 | 0.0005 | 155 | 85 | 742 | 10 |
E04412 | Subcrop | Grab | Granite | 0.3 | 0.002 | 143 | 79 | 6,080 | 10 |
Table 2. Highlighted samples from the Campamento target. |
Luis Arteaga M.Sc. P.Geo., Vice President Exploration is the Company's Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this news release.
In
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