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Colorado Resources Ltd.
Summary
| Project: | KSP Property | |
|---|---|---|
| Deposit: | Inel | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 7/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-7-2016: Colorado Resources Ltd. announces an Exploration/Drilling Update report for its Inel deposit at the KSP Property project. Drilling results incl. 11.0m @ 6.12g/t Au, 45.74g/t Ag, 2.18% Zn from 72.0m. COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colora | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Dawson (Internal) | |
| ABSTRACT: | COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or the "Company") announces the drilling progress at the Inel Zone on the KSP Property under option with Seabridge Gold Inc. Since drilling commenced on June 19, 2016 a total of 37 drillholes (5,000 m) have been completed at Inel. The drillholes have begun to test a 0.15 square kilometre area (10%) of the 1.5 square kilometre Inel gold in soil anomaly (averaging 1.27 g/t Au). Results have been received from the first 8 drillholes at Inel, approximately 20% of the drilling completed to date in the first 5,000 m phase. Adam Travis President and CEO of Colorado states: “What an incredible first month we have had up at KSP getting a jump start on the exploration season with one drill rig completing 5,000 m in 37 drillholes in just 30 days of drilling. All our employees and contractors are to be commended for some of the highest and safest productivity I have seen in my 30 year career. Results are starting to come in from the laboratory and already our first few holes are showing some very impressive assay results over 400 m of strike attesting to the strength of this large open ended and robust system, which we have barely scratched the surface of. We started work almost a month ahead of other explorers in the area so that we have lots of exploration season left to follow up on these very encouraging early results. With sufficient working capital on hand, we plan to keep drilling and are well on our way to earning majority control of one of British Columbia’s best exploration projects”. | |
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