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Centenera Mining Corp.
Summary
| Project: | Esperanza | |
|---|---|---|
| Deposit: | Esperanza | |
| Location: | Argentina | |
| Commodities: | Copper-Gold | |
| Date: | 5/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-5-2018: Centenera Mining Corp. announces an Exploration/Drilling Update report for its Esperanza deposit at the Esperanza project. Drilling results incl. 166m @ 0.84% Cu, 0.368g/t Au from 0m. Vancouver, British Columbia – Centenera Mining Corporation (“ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Keith Henderson (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – Centenera Mining Corporation (“Centenera” or the “Company”) - (TSXV: CT, OTCQB: CTMIF) receives drill results from the first 166m of drill hole 18-ESP-025 at the advanced Esperanza Copper-Gold Porphyry project. Drill hole 18-ESP-025 collared in mineralization and continued to drill mineralized rock to a total depth of 387m, at which depth the hole was abandoned due to drilling difficulties. Laboratory results have been returned (Table 1) for the upper 166m grading 0.84% copper and 0.36g/t gold; 1.14% copper equivalent1,2. Results for the lower portion of the drill hole (from 166m to 387m) are pending and expected in early May. “Partial results for our first drill hole at Esperanza are excellent. Mineralization at the base of this sample batch remains strong, with 1.32% coper equivalent from 142m to 166m. We look forward to receiving results for the remainder of the drill hole in early May,” stated Keith Henderson, Centenera’s President & CEO. “We acquired the Esperanza project in 2017 because drilling results in 2006 had provided such a solid foundation for further exploration. These first results from our drill program demonstrate very clearly that the potential to expand mineralization is real.” Drilling at the Esperanza Copper Gold Porphyry project is ongoing. The first drill hole, 18-ESP-025 (Figure 1), collared 120m northwest of previous drill hole 06-HU-02. Drill hole 18-ESP-025 collared close to the western extent of the Canyon Stock as defined by outcropping alteration and mineralization and drilled on an azimuth of 280°. The purpose of the drill hole is to test the extent of mineralization to the west and at depth. Drill hole 18-ESP-025 collared in potassic altered (biotite, K-feldspar, biotite) and mineralized porphyry intrusive and remained within this proximal alteration zone throughout the entire length of the hole before being terminated due to technical difficulties at 387m. The planned depth for was 500m. Drill hole 18-ESP-026 collared approximately 30m south of 18-ESP-025 and was drilling on an azimuth of 080°. The drill hole did not test target and was abandoned at 127m. Drill hole 18-ESP-027 collared 100m south of previous drill hole 06-HU-02 and is drilling on an azimuth of 285. The purpose of the drill hole is to test the extent of mineralization to the west and at depth. The drill hole collared in mineralized rock and is ongoing at approximately 250m. Target depth is approximately 500m. | |
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