Terraco Gold Corp.(TSXV:TEN) announced that it has commenced its 2012 drill program at its Almaden gold project. Phase one drilling is underway with two drill rigs on site.
As quoted in the press release:
The Phase I infill-development portion of this year’s core drilling will begin with a 4,000 metre (13,000 feet) program (approximately 25 holes) designed to better determine the interior continuity of the gold resource, fill in areas where sampling from older drilling is either missing or is questionable, and test for higher grades versus older RAB drilling in different parts of the resource area.
Terraco, VP Exploration, Charles Sulfrian, commented:
Terraco’s initial goals at Almaden, since the acquisition in January 2011, were to move toward confirmation of known, near surface gold mineralization as well as the discovery of new high-grade gold in veins at depth. The 2011 core drilling program was very successful. We now look forward to utilizing the information garnered last year to help define the 2012 program in an effort to move this project towards a production decision.