Wild Acre Metals (ASX:WAC) will start field work at the combined Sambalay‐Salvador Project in Peru consisting of surface sampling and mapping.
This will focus on the Agua del Milagro prospect where a bonanza grade silver with gold rock sample (14,180 grams per tonne silver and 23.6g/t gold) was found.
The float sample was believed to be sourced from the area where a favourable stratigraphic contact coincides with the north northeast projection of what is believed to be the primary structural control of mineralisation found in the prospect area.
It is this coincident NNE trending structure and stratigraphic contact with contrasting rock permeability where Wild Acre believes that high grade silver and gold mineralization could be localised on an important economic scale.
Based on mapping and sampling to date, Wild Acre has developed a geologic model whereby two distinct drill target concepts are apparent.
These target concepts are supported by field mapping and assay results from previous rockchip and float sampling
In September, Wild Acre raised $300,000 through a placement priced at $0.015 each.
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