Source Exploration to Drill Las Minas in March

Resource Investing News

Source Exploration Corp. (TSXV:SOP) announced a 2,000 metres drill program in March for the Las Minas Property in Mexico. Source has signed a contract with K.D.L. Mexico S.A de C.V. for this drill program aiming to extend and infill the Santa Cruz zone where previous drilling hit an intersection of 10 metre interval averaging 10.6 g/t gold, 48.47 g/t silver and 7.44% copper or 24.11 g/t gold equivalents.

As quoted in the press release:

The program will focus on extending and infilling the Santa Cruz zone, where previous drilling returned grades that included a 10 metre interval averaging 10.6 g/t gold, 48.47 g/t silver and 7.44% copper or 24.11 g/t gold equivalents(1), contained within a wider zone grading 3.57 g/t Au Eq over 99.0 metres (Press Release August 6, 2014). The program will also include step-out drilling at the Juan Bran target to extend the zone to the south. Drilling at Juan Bran in 2014 returned 3.10 g/t Au Eq over 15.1 metres (Press Release August 29, 2014).
“We are very excited to commence our 2015 exploration program at Las Minas and build on our outstanding results achieved in 2014,” stated David Baker, Executive Chairman. “The 2014 drilling program intersected high grades over significant widths at Santa Cruz. Drilling at the Juan Bran resulted in a new discovery, linking the Juan Bran target to Eldorado and extending the flat -lying mineralization from 170 metres to 420 metres in width. Both systems remain open for expansion.”
Drill highlights from the 2014 program include:
Santa Cruz
3.57 g/t Au Eq over 99.0 metres in LM-14-SC-08, including
7.42 g/t Au Eq over 39.0 metres, including
24.11 g/t Au Eq over 9.60 metres
2.24 g/t Au Eq over 87.0 metres in LM-14-SC-07, including
3.13 g/t Au Eq over 49.0 metres, including
4.36 g/t Au Eq over 25.0 metres
3.00 g/t Au Eq over 29.0 metres in LM-14-SC- 09, including
5.00 g/t Au Eq over 15.0 metres
1.90 g/t Au Eq over 77.0 metres in LM-14-SC-10, including
5.1 g/t over 19.0 metres, including
6.2 g/t over 15.0 metres
Juan Bran
1.55 g/t Au Eq over 42.5 metres in LM-14-JB-01
4.45 g/t Au Eq over 6.0 metres in LM-14-JB-02 Upper Zone including
12.67 g/t Au Eq over 2.0 metres, and
2.34 g/t Au Eq over 20.1 metres LM-14-JB-02 Lower Zone, including
3.10 g/t Au Eq over 15.1 metres
Note
All reported intervals are core lengths and additional information is required to determine true widths.
Assays are uncut, length-weighted average values.
(1) Gold equivalent (Au Eq) calculations use metal prices of US$ 1200/oz. for gold, US$ 19.00/oz. for silver and US$3.00/lb. for copper. No adjustments have been made for potential relative differences in metal recoveries.
Au Eq g/t equals Au g/t + (Ag g/t x 0.016) + (Cu% x1.71).