Dr.
1-La Gringa
Nine drill holes have been completed this season at the La Gringa target for a total of 4,098m. Drilling has defined a >1,500m NNE long and >1,000m wide porphyry system, mostly covered by thin quaternary gravels along the La Gringa valley (Figure 1). Cu-Au-Mo anomalous values are hosted by altered siliciclastic rocks and hydrothermal breccias with an upper advanced argillic alteration zone overprinting deeper sericitic and potassic alteration assemblages. The latest results increase the size of the already large porphyry style mineralization that remains open along the NNE strike and at depth. The causative intrusion, and potentially the host of the best Cu-Au grades, has yet to be found.
DJ-DH-23-14
- 3.75% CuEq (17.3 g/t Ag; 1.44 g/t Au; 2.33% Cu; 0.58% Zn) over 2.90m from 77.6 to 80.5m
Including - 9.83% CuEq (46.5 g/t Ag; 3.85 g/t Au; 6.03% Cu; 1.61% Zn) over 0.50m from 78.7 to 79.2m
DJ-DH-23-15
- 0.17% CuEq (3.14 g/t Ag; 0.092% Cu; 163 ppm Mo) over 17.0m from 724.0 to 741.0m
- 0.17% CuEq (0.068% Cu; 319 ppm Mo) over 157.0m from 844.0 to 1,001m
Including - 0.22% CuEq (0.11% Cu; 333 ppm Mo) over 22.80m from 903.20 to 926.0m
DJ-DH-23-17
- 1.11% CuEq (5.33 g/t Ag; 1.07 g/t Au; 0.28% Cu) over 6.0m from 155.5 to 161.5m
DJ-DH-23-19
- 1.15% CuEq (8.63 g/t Ag; 0.42 g/t Au; 0.77% Cu) over 0.9m from 281.55 to 282.45m
- 0.61% CuEq (5.48 g/t Ag; 0.3 g/t Au; 0.26% Cu) over 17.5m from 326.5 to 344.0m
- 0.49% CuEq (9.77 g/t Ag; 0.16 g/t Au; 0.1% Cu) over 11.0m from 427.0 to 438.0m
- 0.75% CuEq (14.88 g/t Ag; 0.37 g/t Au; 0.32% Cu) over 1.6m from 448.1 to 449.7m
2-
A 437m drill hole (DJ-DH-23-16) was completed at
DJ-DH-23-16
- 0.32 g/t AuEq (6.39 g/t Ag; 0.11 g/t Au; 0.086% Cu; 32 ppm Mo) over 156.0m from 281.0 to 437.0m
Including - 0.45 g/t AuEq (11.05 g/t Ag; 0.14 g/t Au; 0.11% Cu; 39 ppm Mo) over 55.0m from 330.0 to 385.0m
Including - 1.05 g/t AuEq (46.68 g/t Ag; 0.13 g/t Au; 0.15% Cu; 0.17% Pb; 0.14% Zn; 51 ppm Mo) over 12.0m from 330.0 to 342.0m
3-Fermin
The first round of drilling started at the Fermin base metals skarn target during the last week of March (Figure 5). Two drill holes for a total 450.8m have been completed with assays pending.
DJ-DH-22-14
Hole 14 was drilled perpendicular to hole DJ-DH-23-12, previously released and which intercepted three intervals of high-grade Au-Cu-Ag mineralization associated with chalcopyrite, enargite, and sphalerite bodies (Figure 2 and Table 2). The hole encountered the first mineralized zone intercepted by hole 12 extending it around 50m towards the west with similar grade profile. Hole DJ-DH-23-18 was drilled on the western margin of the same chargeability anomaly targeting the same mineralization style but did not intercept significant mineralization (Figure 2).
DJ-DH-22-15
Hole 15 was drilled as an extension of DJ-DH-22-09 drilled last season (Figure 1), the hole started at 623m and finished at 1,001m of depth, becoming the deepest hole in the history of the Project. The hole intercepted extensive biotite alteration in sedimentary rocks with abundant A and B veinlets. Although the Cu anomaly is moderate, the Moly values are consistently high reaching up to 0.16% Mo and yielding >200 ppm Mo over the entire hole (Table 2). Results from this hole increase the size of the already large moly halo external to the porphyry intrusion yet to be found.
DJ-DH-22-16
Hole 16 is the only hole drilled at the
DJ-DH-23-17
Hole 17 is a shallow hole drilled on the eastern margin of the previously shown chargeability anomaly looking for high-grade mineralization similar to the one intercepted in holes 12 and 14 (Figure 1 and Table 2). The hole intercepted sediments with SCC and minor advanced argillic alteration crosscut by abundant D veinlets. Although shallow the hole points to the large potassic alteration zone defined by holes DJ-DH- 22-07, DJ-DH-23-11, and DJ-DH-23-15, and shows a marked increase in Cu and Mo values towards its bottom helping with the larger scale vectoring at La Gringa.
DJ-DH-23-19
Holes DJ-DH-23-13 and DJ-DH-23-19 were both drilled on the western margin of the large chargeability anomaly discovered along the
Hole | Azimuth | Dip | Easting | Northing | Elevation | Depth |
DJ-DH-23-13 | 55 | 70 | 2431386 | 6626757 | 4342 | 455 |
DJ-DH-23-14 | 50 | 50 | 2431681 | 6627231 | 4310 | 229 |
DJ-DH-23-15 | 150 | 80 | 2432193 | 6627441 | 4286 | 1,001 |
DJ-DH-23-16 | 90 | 70 | 2431762 | 6623732 | 5084 | 437 |
DJ-DH-23-17 | 50 | 50 | 2431787 | 6627108 | 4321 | 202.5 |
DJ-DH-23-18 | 55 | 65 | 2431236 | 6626884 | 4286 | 356 |
DJ-DH-23-19 | 55 | 70 | 2431272 | 6626678 | 4360 | 498 |
Table 1. Location of reported holes |
Hole | From | To | Interval | Ag | Au | Cu | Mo | Zn | CuEq | AuEq |
DJ-DH-23-14 | 77.60 | 80.50 | 2.90 | 17.3 | 1.44 | 2.33 | 0.58 | 3.75 | ||
Including | 78.70 | 79.20 | 0.50 | 46.50 | 3.85 | 6.03 | 1.61 | 9.83 | ||
DJ-DH-23-14 | 137.90 | 140.00 | 2.10 | 2.57 | 0.32 | 0.085 | 0.34 | |||
DJ-DH-23-14 | 165.45 | 165.95 | 0.50 | 4.33 | 0.21 | 0.74 | 0.93 | |||
DJ-DH-23-15 | 844.00 | 1,001.00 | 157.0 | 0.068 | 319 | 0.17 | ||||
Including | 724.00 | 741.00 | 17.0 | 3.14 | 0.092 | 163 | 0.17 | |||
And | 903.20 | 926.00 | 22.80 | 0.11 | 333 | 0.22 | ||||
DJ-DH-23-16 | 281.00 | 437.00 | 156.00 | 6.39 | 0.11 | 0.086 | 32 | 0.32 | ||
Including | 330.00 | 385.00 | 55.00 | 11.05 | 0.14 | 0.11 | 39 | 0.45 | ||
Including | 330.00 | 342.00 | 12.00 | 46.68 | 0.13 | 0.15 | 51 | 1.05 | ||
DJ-DH-23-16 | 403.50 | 420.80 | 17.30 | 2.27 | 0.10 | 0.10 | 44 | 0.29 | ||
DJ-DH-23-17 | 23.50 | 25.50 | 2.00 | 9.71 | 0.14 | 0.12 | 0.30 | |||
DJ-DH-23-17 | 155.50 | 161.50 | 6.00 | 5.33 | 1.07 | 0.28 | 1.11 | |||
DJ-DH-23-17 | 181.50 | 183.50 | 2.00 | 1.96 | 0.14 | 0.14 | 0.25 | |||
DJ-DH-23-19 | 281.55 | 282.45 | 0.90 | 8.63 | 0.42 | 0.77 | 1.15 | |||
DJ-DH-23-19 | 326.50 | 344.00 | 17.50 | 5.48 | 0.30 | 0.26 | 0.61 | |||
DJ-DH-23-19 | 427.00 | 438.00 | 11.00 | 9.77 | 0.16 | 0.10 | 0.49 | |||
DJ-DH-23-19 | 448.10 | 449.70 | 1.60 | 14.88 | 0.37 | 0.32 | 0.75 | |||
Table 2. Highlighted intervals from reported holes |
Porphyry mineralization is characterized by broad zones of disseminated sulfides and vein stockwork; high-grade Cu-Au mineralization intercepted in hole 14 consists of irregular zones of semi-massive sulfides, sulfide-rich breccias, and stockworks; therefore, true width cannot be determined at this time. CuEq and AuEq were calculated based on 100% recovery and prices of
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