So far, so good - from the first two holes ever drilled at Chuscal:
- another 320m gold intersection at 0.43g/t, with high-grade overprints
- Silver+ results from hole 2 still to come
- 6 sub-parallel E-W trending structural corridors, each potentially with up to +500m strike
- third hole completed - assays due late December
- next hole (4) will target multiple horsetail structures and artisanal mined breccia mineralisation
- 1 for 5 Bonus Loyalty Option announced (16c ex price so will be worth a bit)
- sale of Chile assets for $1.5M announced and funds/completion to be finalised in December
- gold mineralisation encountered in every rock unit intercepted thus far – diorites, monzonite and breccias
- improved understanding of both vein gold and porphyry gold targets
- received assays from only two holes which cover less than 100m strike of the 900m long Chuscal gold in soil anomaly
- artisanal mined Guayacanes veins including 83m @ 7.3g/t Au
- next hole (4) will cut across 3 or 4 of the structural corridors
- hole 4 drilling is anticipated to conclude prior to the Christmas break
- hole 4 assay results expected in mid-January
Cheers,
GB.
