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Altan Rio Minerals Ltd.
Summary
| Project: | Southern Cross North | |
|---|---|---|
| Deposit: | Southern Cross North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-5-2020: Altan Rio Minerals Ltd. announces an Exploration/Drilling Update report for its Southern Cross North deposit at the Southern Cross North project. Drilling results incl. 5m @ 4.2g/t Au from 77m. Vancouver, BC (May 11, 2020) - Altan Rio Minerals | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Neal Leggo (CSA Global Pty Ltd.) | |
| ABSTRACT: | Vancouver, BC (May 11, 2020) - Altan Rio Minerals Limited (AMO.H:NEX) (“Altan Rio” or the “Company”) is pleased to provide an update for Southern Cross North Project (“Southern Cross”). As noted in the Company’s recently released NI 43-101 Technical Report (April 29, 2020) (the “Technical Report”), the previous owner of Southern Cross and the Company’s current joint venture partner, Surveyor Resources Pty Ltd (“Surveyor”), completed eleven (11) RC drill holes for 879m in 2019. Altan Rio has completed analysis of this drilling with encouraging results received from the Corinthia North tenement package (see Table 1). The eleven holes completed by Surveyor were designed to evaluate the veracity and integrity of the more than 20 year old legacy exploration data inherited with Southern Cross by Surveyor. Best intercepts from the recent analysis work include: Southern Cross is located over the gold rich Frasers Corinthian Shear Zone (“FCSZ”) in Southern Cross Greenstone Belt. In the Technical Report, CSA Global Pty Ltd commented on the significance of the FCSZ within the approximate 28km strike length of Southern Cross and noted the paucity of data below 50 metres vertical depth. Altan Rio, in its work completed to date, has re-affirmed its interpretation of significant historical drilling being shallow ( | |
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