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Metminco Ltd.
Summary
| Project: | Quinchia | |
|---|---|---|
| Deposit: | Chuscal | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 12/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2019: Metminco Ltd. announces an Exploration/Drilling Update report for its Chuscal deposit at the Quinchia project. Drilling results incl. 2m @ 8.28g/t Au from 248m. Metminco Limited (ASX: MNC), soon to be renamed Los Cerros Limited, is pleased to a | |
| Resources: | ||
| CP/QP: | [Overall Report]: Nicholas Winer (Internal) | |
| ABSTRACT: | Metminco Limited (ASX: MNC), soon to be renamed Los Cerros Limited, is pleased to advise that it has received preliminary gold results for CHDDH002, (silver & multi-element analyses remain outstanding), the second hole of the maiden drill program at Chuscal in the Mid-Cauca Porphyry Belt of Colombia, and part of the Company’s Quinchia Gold Project (refer Figure 1). Results (Annex 1 and Table 1) support the developing interpretation that the Chuscal Prospect has been influenced by a near-by causative intrusive(s) such as a porphyry, resulting in gold mineralisation encountered in every rock unit intercepted thus far – diorites, monzonite and breccias. Zones of higher gold grades and associated silver mineralisation appear to be generally associated with the frequency (or density) of overprinting epithermal veining. In CHDDH001 and CHDDH002 the numerous intercepts grading 0.7g/t gold or higher correlate to increased vein density and were associated with elevated Ag, Te, Sb & W in the case of CHDDH001 (hole CCHDH002 silver and multi-element results are pending), suggesting an association between gold grade and Intermediate Sulphidation (ISS) epithermal veins. These epithermal veins appear to be conditioned by the regional fault structure that the Company has referred to as a horsetail4 structure with the abovementioned high grade intercepts correlating to modelled horsetail splays (refer Figure 2). Of note are the two higher grade intercepts in CHDDH002 at 248m (2m @ 8.28g/t Au) and 333m (0.5m @ 17.1g/t Au) which are interpreted to be secondary splays off the main Guayacanes horsetail structures associated with what we now call the Guayacanes Corridor (Figure 2). | |
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