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Colorado Resources Ltd.
Summary
| Project: | Green Springs | |
|---|---|---|
| Deposit: | Green Springs | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-4-2017: Colorado Resources Ltd. announces an Exploration/Drilling Update report for its Green Springs deposit at the Green Springs project. Drilling results incl. 41.1m @ 3.23g/t Au from 76.2m. COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or the "Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Jim Oliver (Internal) | |
| ABSTRACT: | COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or the "Company") announces further to its news release of February 24, 2017 that it has received the assay results from its initial phase of RC drilling at Green Springs and continues to expand, explore and advance the property. Adam Travis, Colorado’s President and CEO states, “Our Green Springs Phase 1 Winter Drill Program was a success encountering intercepts up to 135 feet of 3.23 g/t gold including 25 feet of 9.75 g/t gold in the E Zone, discovering new mineralization with 125 feet of 1.37 g/t gold occurring in Hole 8 in the A Zone and finding mineralization in the first ever drillholes (Holes 11& 12) completed in the G Zone including 20 feet of 1.12 g/t gold in Hole 12. Based on these results we have completed the staking of additional claims, expanded the collection of soil samples and will be permitting more drilling.” The Colorado RC drill program was designed to be a very preliminary test of these permissive stratigraphic and structural contacts over a combined strike length of approximately 3.0 km and based on these results more drilling is warranted. To follow up these exciting initial results, Colorado has completed additional claim staking and soil sampling and will be permitting an expanded drill program. | |
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