Highlights
- 1,500 m resource expansion drill program commences at San Marcial
- After some delays, the tunnel extension and underground platform now provide access to deeper targets
- Program will test down-dip and along strike extensions to the existing NI 43-101 resource
- New targets have been delineated by the recent geophysical program
The new program is designed to drill previously untested down-dip extensions to the San Marcial mineralized breccia, host to the NI 43-101 resource estimate1. The drill program follows the recent completion of the tunnel expansion and extension (Figure 1).
Additional drill targets have been identified adjacent to the San Marcial Resource Area, and to the southeast of the current resource, after the release of encouraging chargeability and resistivity geophysical data (Figure 2).
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Underground Drill Program
The first phase of underground drilling consists of six holes to be drilled from a platform at the end of the 280 m tunnel, from where it will be possible to cost-effectively test extensions of the San Marcial mineralized body at depth and along strike (Figure 1). This program will be the first underground drill program at San Marcial and is aimed at a future upgrade of the San Marcial NI 43-101 mineral resource estimate of 36.0 Moz AgEq2 Indicated resources and 11.9 Moz AgEq Inferred resources (see News Release dated
Figure 1 – 3D Cross-section of the San Marcial Mineralized Breccia, Historical and Proposed
Targeting of the drill program was aided by 3D chargeability, resistivity, and magnetic inversion data products received by the Company over the Resource Area. Several zones of elevated chargeability correspond with volcaniclastic-sedimentary units that are found in the immediate footwall of the San Marcial Fault, overlapping with areas of disseminated pyrite, and coincident with previously reported gold intercepts (see News Release dated
The geophysical survey covers an area of 16.3 km2, connecting the mineralized trend at San Marcial, with those of the GAP and
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Figure 2 - San Marcial Resource Area with Location of Phase 1 Planned Drill Program with Chargeability Contours
* See here for the detailed geology of the San Marcial Resource Area |
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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