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Colorado Resources Ltd.
Summary
| Project: | KSP Property | |
|---|---|---|
| Deposit: | Inel | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 9/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2016: Colorado Resources Ltd. announces an Exploration/Drilling Update report for its Inel deposit at the KSP Property project. Drilling results incl. 74.0m @ 1.02g/t Au from 146.0m. COLORADO RESOURCES LTD. (TSX-V: CXO) (“Colorado” or the “Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Jim Oliver (Not stated) | |
| ABSTRACT: | COLORADO RESOURCES LTD. (TSX-V: CXO) (“Colorado” or the “Company”) is pleased to announce the successful completion of its 2016 field work and drilling program on the KSP Property and reports the assay results from Inel drillholes 31- 45 (see following table). Since drilling commenced on June 18, 2016, 59 drillholes (totaling 8,861.8 m) have been completed at KSP with an emphasis on the Inel Area where 53 holes were drilled. Consistent with the Company’s earlier news releases, Inel drillholes INDDHI1631- INDDH1645 returned several high grade gold intercepts, as well significant intercepts at multiple horizons as noted in the following table. These results also document the first drill intercept in the interpreted southern extension of the AK Trend in Hole 42 more than 500 m south of the AK Adit and 500 m west of the Discovery Adit. In addition to the drilling, a total of 990 soil and 511 rock samples were collected, and a further 50 square kilometres of geological mapping were completed. Geophysical surveys consisting of 10.0 line km of IP and 47.0 line km of ground mag were also conducted by Walcott and Associates and a 126 line km helicopter airborne VTEM time domain system was undertaken by Geotech Ltd. | |
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