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South American Silver Corp. (TSX:SAC) announced gold intersections of 12.19 g/t at a new Gold zone at its Escalones project. The discovery came as part of the results from diamond drill hole ES-43 at Escalones. The Company reported that assays are pending for the rest of the hole.
As quoted in the press release:
The hole intersected 12.19 g/t gold over 3.7 metres within a larger interval of 11.9 metres averaging 4.39 g/t gold. The gold mineralization is within a larger “gold-only” intercept of 50.2 metres averaging 1.16 g/t gold located above the large copper-gold skarn that comprises part of the 3.8 billion pound copper resource. Strong copper-gold mineralization averaging 1.9% copper and 0.32 g/t gold over 5.1 metres, occurs in the skarn below the “gold only” mineralization.
South American Silver, Executive Chairman, Ralph Fitch, commented:
The new “gold-only” zone intercepted by hole ES-43 represents a potentially important additional mineralization type on the property, which could add to the 610,000 ozs of gold contained in the current resource. Hole ES-43 is located 250 metres from the nearest existing hole to the north and 200 metres from the nearest hole to the south, giving ample space to explore for this type of high grade gold mineralization both near the surface and to depth.
Click here to read the South American Silver Corp. (TSX:SAC) press release
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