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Fiore Exploration Ltd.
Summary
| Project: | Cerro Tostado | |
|---|---|---|
| Deposit: | Cerro Tostado | |
| Location: | Chile | |
| Commodities: | Silver | |
| Date: | 5/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-5-2017: Fiore Exploration Ltd. announces an Exploration/Drilling Update report for its Cerro Tostado deposit at the Cerro Tostado project. Re-assay results incl. 3m @ 685g/t Ag from 97m. FIORE EXPLORATION LTD. (TSXV: F.V) (OTCQB:FIORF) (“Fiore” or the “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vern Arseneau (Internal) | |
| ABSTRACT: | FIORE EXPLORATION LTD. (TSXV: F.V) (OTCQB:FIORF) (“Fiore” or the “Company”) announces the commencement of a combined diamond and reverse-circulation (“RC”) drilling program at its Cerro Tostado project in Chile, following up on high-grade epithermal silver veins previously intersected by three of eighteen holes drilled between 2010 and 2012 by Sociedad Quimica Y Minera de Chile SA (“SQM”). Cerro Tostado is located just south of the main and Florida zones of Yamana Gold’s flagship El Peñon Mine (Figure 1), and equipment for the drilling program is currently mobilizing to site. The initial program will consist of approximately 3,000 m of diamond drilling and 1,500 m of RC drilling. The diamond drilling program will target the mineralized SQM structures, which are now much better understood following detailed field mapping and ground geophysical surveying carried out earlier this year. The RC holes will target a possible copper porphyry that was discovered during field mapping and geophysical surveys in the southwestern portion of the concession area. Fiore geologists also submitted over 825 samples from the previous SQM drilling for reanalysis by ICP-AES at ALS Chemex Laboratories as part of a complete re-logging program. The re-assay results have confirmed the three key high-grade silver intercepts, and suggest that the original SQM assay method, which used the flame atomic absorption method, may have underestimated the silver grades | |
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