| Regional Exploration | | | | Work has also commenced on some of the more than 20 other exploration targets elsewhere on the San Anton Property. The main target is the Carmen-Providencia vein system, a north-northwest trending low sulphidation epithermal silver-gold system located approximately two kilometers west of Cerro del Gallo and traceable on surface for three kilometers. Sporadic, small scale local mining has occurred for centuries along the length of the vein system.First pass drilling designed to test the upper levels of the epithermal vein systems is now completed with encouraging results from the Dolores and Empalizada prospects including 4.6m grading 428g/t Ag and 3.52g/t Au, 1.5m grading 590g/t Ag and 3.40g/t Au, 7.6m grading 168g/t Ag and 1.51g/t Au, and 3.6m grading 359g/t Ag and 1.51g/t Au.Drilling has also been completed at Espiritu Santo and San Luis Rey, which are further south on the same Carmen-Providencia vein system, as well as at Ave de Gracia vein, between Carmen Providencia and Cerro del Gallo.A systematic program of both conventional and handheld XRF soil sampling has been completed over a 12.5 square kilometre area of the central and northern part of the Esperanza Inlier centred around the Cerro del Gallo deposit. This was undertaken on 100 x 50m centred spacing whilst parts of the remainder of the Inlier were sampled on 400 x 50m centred spacing. A broad spaced regional stream sediment sampling program has also been completed over the entire Inlier. A regional BLEG (Bulk Leach Extractable Gold) sampling program has also been completed.It is known that three other large zones of clay alteration similar to Cerro del Gallo exist on the property and have yet to be tested. Ongoing regional reconnaissance exploration will continue with the assessment of the results from the soil, stream sediment and BLEG sampling programmes, combining this with the ongoing geological and structural mapping and the extensive remote sensing database already established for the project area. Drilling has been temporarily suspended allowing time to prioritize exploration targets and accelerate the Cerro del Gallo studies. | | | |
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