Virgin Metals Inc. (CVE:VGM) announced an update of the ongoing work at their projects located in Sonora, Mexico.
The press release is quoted as saying:
Highlights • Field sampling and mapping was initiated at the El Cobre and Alamos projects; • At El Cobre, rock samples taken near the locations of small historic mine workings confirmed the presence of gold-copper breccia systems with values of up to 5% copper and 5.3 g/t gold; • Sampling of the diorite intrusive at the El Cobre property returned gold values up to 0.9 g/t opening up the potential for the discovery of a larger low-grade disseminated gold system; • The company’s Alamos project hosts the site of the historic La Campana mine where a series of underground adits were mined for gold in the 1930′s and 1940′s. Sample results from this survey will be returned shortly; • At Los Verdes, the company has now received the final results from its Phase 2 testwork verifying the performance and stability of the new process flowsheet with a metallurgical report pending in October 2011; • The site of the Los Verdes plant has now been resurveyed with the cooperation of the local community in order to determine the land packages required and complete the surface rights agreements;
Virgin Metals’ President and CEO, Chris Frostad says:
“Our team is currently focused on reviewing the engineering requirements of the Los Verdes Study based now on the resource estimate and metallurgical work released earlier this year.” “With less work in the field, we have taken the opportunity to become better acquainted with two of Virgin’s legacy projects.”