For those who got all hot and bothered w/the ann and didnt get to the end..
I really really really really like (did I say really) was these two bits....
Only the Vein Zone prospect has been tested to any great extent
At the Vein Zone, drilling by MIM Exploraciones Argentina S.A. (MIMEX) has
delineated a 450 metre long by 150 metre wide mineralised zone, which is open
along strike and at depth. The drilling results show widths and grades, which imply a
significant potential resource. Some drill holes have intersected impressive grades
and/or widths of mineralisation (CNRC25 – 78m at 2.96 g/t Au, CNRC57 – 18m at
4.00g/t Au) and, there are conceptual geological reasons to consider the possibility
of “bonanza-grade” mineralisation at modest depths below present intersections:
The presence of high grades at the “Vein Zone” is suggested with intersections like
the 1.2 metres @44.4g/t Au in hole CNDD4 (27.4m-28.6m).
The geometry of the Vein Zone Mineralisation suggests an open-pit operation would
be possible. In 2002 a re-assessment of the Vein Zone data by Oroplata geologists
suggested an in-situ geological resource of 6,000,000 tonnes at 3.2 g/t Au (620,000
ounces of gold) with the mineralization open in several directions. The resource
estimate was carried out by Mr Neil Stuart and is considered to be in the "Inferred
Mineral Resource" category (as that term is defined by the JORC Code). Further
work (including drilling) would be necessary to enable a resource statement to be
made in the "Indicated Mineral Resource" or "Measured Mineral Resource"
categories.
Relatively little work has been carried out in the other prospect areas. However at the
Eureka Vein system, which is up to 150m wide and extends for over 4.5 km,
encouraging channel chip sampling results (2m at 4.0g/t Au) and intersections from
modest drilling programs have been returned. Reverse Circulation drilling by
Oroplata at the western end of the system in late 2002 intersected 14m at 2.1 g/t Au.
There has been no drilling at the Mariana Sur prospect, where an epithermal vein
system has been recognised and rock chip samples have returned assays in excess
of 150 g/t Au.
At Las Margaritas, rock chip sampling has returned values of around 5.0g/t Au with
associated high silver (200-300g/t Ag).
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