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Project: | Santana | |
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Deposit: | Santana | |
Location: | Mexico | |
Commodities: | Gold | |
Date: | 10/25/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 25-10-2018: Minera Alamos Inc. announces an Exploration/Drilling Update report for its Santana deposit at the Santana project. Drilling results incl. 95.7m @ 0.85g/t Au, 9.8g/t Ag, 0.33% Cu from 32m. TORONTO and VANCOUVER, Oct. 25, 2018 /CNW/ - Minera Ala | |
Resources: | x | |
CP/QP: | [Overall Report]: Darren Koningen (Internal) | |
ABSTRACT: | TORONTO and VANCOUVER, Oct. 25, 2018 /CNW/ - Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) is pleased to report the discovery of a new broad zone of gold/silver mineralization in its Phase 1 drill program at the Santana gold project, Sonora, Mexico. The discovery drill hole into the new Divisadero zone, was drilled approximately 200m north of the known mineralization limits at the Nicho Main and Nicho Norte zones and returned a wide intercept of disseminated gold, silver and copper mineralization in a previously underexplored part of the Santana Property. The hole is the first drilled deep enough to intersect this new style of polymetallic mineralization that is associated with an andesite porphyry unit related to disseminated pyrite and intrusive breccias. Based on surface exposures and known geology the mineralized system appears to be open to expansion in all directions "This new discovery hole is an extremely exciting development for the Company" stated Darren Koningen, CEO of Minera Alamos. "One of the driving factors behind the merger between Minera Alamos and Corex earlier this year was the significant untapped potential we believed we could unlock once the two Companies' contiguous land packages were combined. As our knowledge base grows and we continue to better understand the regional geology we should continue to find additional mineralization. The discovery of the Divisadero area provides further evidence that the mineralizing events that occurred in the Nicho area are present at shallow depths elsewhere on our extensive property holdings." Hole S18-121 (70-degree inclination) was the Company's first effort to assess the potential extensions of known mineralization on Corex's Santana claim group on to the Minera Alamos Los Verdes claim group directly to the north. Rather than exhibiting Nicho style mineralization, S18-121 returned a considerable interval of more porphyry style mineralization with broad, rather evenly distributed gold, silver and copper disseminated throughout much of the hole starting from 32 metres down the hole (see Table 1). | |
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