The Conversation (0)
Source Exploration (TSXV:SOP) reported that a 2,000 metre diamond drilling program at the Las Minas property in Mexico has commenced. The drill program is focused on delineating high-grade zones at the Santa Cruz and Juan Bran discovery areas in preparation for an initial mineral resource estimate.
As quoted in the press release:
The Santa Cruz zone, which is defined by a strong magnetic high anomaly, has returned multiple high-grade intercepts in recent drilling. Discovery hole LM-11-SC-45 graded 19.56 g/t Au Eq(1) over 10.0 metres, including 43.83 g/t Au Eq over 4.0 metres, within 20.0 metres grading 10.33 g/t Au Eq (Press Release January 26, 2012). Hole LM-14-SC-08 cut 3.57 g/t Au Eq over 99.0 metres, including 24.11g/t Au Eq over 9.60 metres, within 39.0 metres grading 7.42 g/t g/t Au Eq. And Hole LM-14-SC-10 assayed 5.62 g/t Au Eq over 17.0 metres (Press Release August 6, 2014).
Mineralized intercepts at Juan Bran included an upper zone of 6.0 metres grading 4.45 g/t Au Eq within a 42.5 metre interval assaying 1.55 g/t Au Eq. A lower zone assayed 3.10 g/t Au Eq over 15.1 metres (Press Release August 29, 2014). Step-out drilling to the north of the Juan Bran discovery holes intersected skarn mineralization over an area approximately 350 metres by 250 metres, with the system remaining open for expansion.
The Santa Cruz and Juan Bran zones are located 300 metres apart and form part of the mineralized Eldorado corridor skarn zone. The zones are believed to be contiguous. The El Dorado corridor has been intersected by drilling over 840 metres along strike and 400 metres down dip, with mineralized drill intercepts varying from 20 to 245 metres in length.
Source Exploration President & CEO, Brian Robertson, said:
We are excited to kick off the 2015 drill program. The upcoming drill program will focus on systematically expanding the high-grade drill intercepts from the highly successful 2014 drilling. Although the property has a number of excellent exploration targets, we will be focused on resource drilling to quickly advance an initial mineral resource estimate.
Click here to read the Source Exploration (TSXV:SOP) press release
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