The Conversation (0)
Samco Gold Limited (TSXV:SGA) announced results from the induced polarization (IP) survey completed in May 2013 at its Corina Project, located in Argentina.
Samco Gold Limited (TSXV:SGA) announced results from the induced polarization (IP) survey completed in May 2013 at its Corina Project, located in Argentina.
As quoted in the press release:
HIGHLIGHTS
30 line km of gradient array and 4 line km of pole-dipole IP have been surveyed over the core Cerro de la Mina – Cerro Cubilete area.
Resistivity and chargeability anomalies correlate closely with known mineralization at Cerro Cubilete and show target extension of at least 250 metres beyond the most southerly drill hole.
Additional parallel structures at Cerro Cubilete confirm potential to the east of the drilled structure, beneath unmineralized cover.
Eight further anomalies have been identified in the Cerro de la Mina area and extending to the south. Ongoing lag sampling is expected to provide additional information on these areas.
The longest of the chargeability anomalies, extending SE for over 1,000m and continuing outside the area surveyed, shows parallel resistivity anomalies and is associated with zones of quartz veinlets, Fe and Mn oxides, and pervasive silicification.
At Cerro de la Mina, anomalous geochemistry, IP response, magnetics, veinlet development and alteration combine to define a compelling exploration target.
Samco’s CEO, Paul Richardson, said:
We are delighted with these very encouraging IP results. The correlation of the IP with known mineralization and its extrapolation onto the multiple other targets where, in many cases, we have coincident surface expression and/or geochemical and magnetic anomalies, confirms Corina as one of the most exciting new discoveries in the Deseado.
To view the whole press release, click here.
