Los Cerros reports 320m at 1.5 gptWith each drill holes from Los Cerros (LCL) we are gaining further insight as to how big the discovery really is. The Hole TS-DH14 returned an impressive 320m intercept at 1.5 gpt from 2m below surface at Tesorito in Colombia. It was sweetened with the interval of 102m at 2.1 gpt from a depth of 28m as the hole drilled down the guts of the body, picking up the high grade zone seen in other holes. This is the best intercept that LCL has reported at Tesorito. It confirms that we are looking at a multi-million ounce porphyry gold deposit with indications of a copper zone at depth adding to story. The share price reacted strongly on the day, jumping from 12¢ to 21.5¢ at one point. Speculation is alive when you get results like this.
LCL Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
