From March 16 announcement with assays pending for hole 12.
"Of particular interest in terms of gold potential at depth are multiple pulses of diorite adjacent to 164m of magmatic breccia in CHDDH12 with classic porphyry pathfinder characteristics"
"Vectoring information from CHDDH10 and CHDDH11 were inputs into the location of CHDDH12, located further south of CHDDH10 and collared at a lower elevation. Based on visual logs (assays pending), CHDDH12 has intercepted the same mineralised fine grained diorite (Photo 1) intersected in CHDDH11 and intruded within that pulse is a 54m wide zone of an additional intrusion of porphyritic diorite from 89m downhole. This unit has not been previously logged and displays chlorite-sericite alteration overprinting weak potassic alteration."
"Also of great interest, in terms of gold mineralisation potential at depth, is a 164m wide zone of magmatic breccia (Photo 2) from 211m with classic porphyry pathfinder characteristics – such as pervasive secondary biotite, very high magnetite plus elevated sulphides and vein density. This is the first occasion that diorite, interpreted to be part of the target causative porphyry intrusive suite, has been logged within the eastern target zone, which together with the characteristics of the 164m breccia zone, suggests we are close to the porphyry target."
Los Cerros Managing Director, Jason Stirbinskis added
“This is a highly encouraging development. Through an iterative approach we believe we are
narrowing the area in which we expect to hit the eastern Guyacanes causative porphyry. In-fact, pending receipt of assays from CHDDH12, we might have already hit the porphyry target in CHDDH12.
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The assays for hole 12 are due anytime now.
Hopefully another TH prior to release.
Warwick Grigor at FEC will be proven right, just a matter of time.
Cheers
LCL Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
