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CuOro Resources Corp. (CVE:CUA) reported that initial drilling results returned near surface high grade VMS mineralization in the drill-holes at Santa Elena Copper-Gold Project, Colombia.
CuOro Resources Corp. (TSXV:CUA) reported that initial drilling results returned near surface high grade VMS mineralization in the drill-holes at Santa Elena Copper-Gold Project, Colombia.
The press release is quoted as saying:
The Company’s current exploration activities are focused on the Santa Elena Copper-Gold project, where the Company holds an option to acquire a 100 % interest by making staged cash payments and funding work program costs. The project comprises 1,287 hectares in the prolific Antioquia Batholith district located 140 kilometers north east of Medellin in a socially stable and mining-friendly district. Infrastructure is excellent from a development perspective, including paved road access to the property gate, three hydroelectric plants within a 5 kilometers radius, and abundant water supply.
Robert Sedgemore, President and CEO, commented:
“We are obviously excited by the widths and grades encountered in our first six drill holes. To our knowledge these are the longest intercepts with the highest copper grades yet to be encountered in Colombia. Importantly, mineralization is close to surface and we have defined and delineated numerous new drill targets from our recent airborne and ground geophysical surveys. This is an excellent start to our 25,000 meter exploration program at Santa Elena. We look forward to reporting additional results as they become available”.
Click here to access the entire press release
