Santa Elena: Potential to Develop Into an Economically Significant Deposit

According to the final technical report from Dr. James Franklin, Ph.D, FRSC, P.Geo., the CuOro Resources Corporation (TSXV:CUA,FWB:6BC) Santa Elena property has two excellent Volcanogenic Massive Sulfide (VMS) occurrences, each of which has potential to develop into an economically significant deposit. Dr. Franklin has been retained by the Company to review the Volcanogenic Massive Sulphide (VMS) potential of the Company’s Santa Elena Property.

As quoted in the press release:

In his report Dr. Franklin’s states “CuOro’s Santa Elena property has two excellent Volcanogenic Massive Sulfide (VMS) occurrences, each of which has potential to develop into an economically significant deposit. The style of mineralization is remarkably consistent with that with mafic-dominated, bimodal submarine volcanic sequences, similar to those found in major districts such as Flin Flon, Manitoba, the Kidd Creek Mine at Timmins, and the Tambo Grande deposits (of the same age as Santa Elena) in Peru. It may be expected that the Santa Elena district will contain several deposits, with one giant deposit (>30MT) and one or two mid-sized deposits (10-15MT) and several smaller deposits (3-5MT each)”. The Company notes there is no certainty any of these will be discovered, or if discovered, that they will be on CuOro’s property.

Dr. Franklin has recommended that the next phase of drilling should focus on developing the known resources in the two areas, which will be done systematically. In particular, the focus will be on testing the structural models proposed for each area as all VMS deposits are stratigraphically controlled.

Click here to read theCuOro Resources (TSXV:CUA,FWB:6BC) press release