Samco Gold Readies to Begin Preliminary Drill Testing at Cerro Cubilete

Samco Gold Limited (TSXV:SGA) announced that they are ready to begin preliminary drill testing at the Cerro Cubilete prospect.

As quoted in the press release:

A ground magnetic survey was carried out in September, 2012 over an area of approximately 16 km². The survey shows a broad, NW striking magnetic low feature coincident with argillic alteration within the WNW to NW striking Cerro Mina-Cerro Cubilete structural corridor.

Samco’s CEO, Paul Richardson, said:

Our current field activity is not limited to just Corina as, elsewhere in our portfolio, we are carrying out preliminary field work on the Ginette and Giancarla projects in the West of the region, which have revealed some promising targets for follow up, as well as the ongoing surface exploration program at El Dorado Monserrat which is adding considerably to our understanding of the project and yielding some exciting new targets for future drilling.

To view the whole press release, click here.