Arena Minerals: B2Gold JV Drill Results Confirm Large Epithermal System

Arena Minerals (TSXV:AN) reported that drilling at the Pampa Paciencia epithermal gold silver project with its joint venture partner, B2Gold (TSX:BTO) has confirmed a large epithermal system in the area.
As quoted in the press release:

Diamond drilling was focused on wide spacing along one vein of the Pampa Paciencia system. Eight initial shallow diamond drill holes covered a large portion of the previously discovered 2.8 kilometre strike length with an average spacing of approximately 500 metres. Highlights of the drill program were encountered in holes PP15-006 and PP15-007, intersecting 8.13 grams per tonne gold (“gpt” and “Au”) and 29.09 gpt silver (“Ag”) over 2.1 metres and 7.71 gpt Au and 46.58 gpt Ag over 3.75 metres, respectively. These drill holes undercut the area where Trench 1 reported intersections of 2.7 metres of 2.9 gpt Au and 43.00 apt Ag, including 0.6 metres of 5.58 gpt Au and 83.70 gpt Ag, spanning approximately 200 metres of high grade mineralization. Trench 3 lies approximately 550 metres to the north-west and intersected 8.6 metres of 4.6 gpt Au and 99.30 gpt Ag (including 5 metres of 7.7 gpt Au and 162.20 gpt Ag), giving the high grade Paciencia zone a potential known strike length of 800 metres. The zone is open at depth and to the east.

Arena President and CEO, William Randall, said:

[W]e are pleased with B2Gold’s discovery of high grade gold and silver mineralization within the Pampa Paciencia system, and encouraged that results to date have met B2Gold’s expectations. We look forward to reviewing the 2016 exploration program and hope for continued success in the New Year.

Click here for the full press release.