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Minera Alamos Inc.
Summary
| Project: | Santana | |
|---|---|---|
| Deposit: | Santana | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-2-2020: 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 32.0m. Toronto, Ontario and Vancouver, British Columbia--(News | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darren Koningen (Internal) | |
| ABSTRACT: | Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - February 6, 2020) - Minera Alamos Inc. (TSXV: MAI) ("Minera" or the "Company") is pleased to announce the results from the first drill holes of its ongoing Phase 2 drill program at the Santana gold project. The Phase 2 program has a number of different goals that include further testing of the Divisadero discovery from 2018; better definition of the outer limits of the proposed Nicho and Nicho Norte open pits as well as extensions of mineralization at depth; water well drilling; and ultimately drill testing a number of new mineralized structures believed to be Nicho-style pipes that were defined during 2019. In addition to the Divisadero holes and water drill holes discussed in this release, drilling results from the Nicho area will be released in the coming weeks upon complete receipt and evaluation of assays by the Company. Phase 2 drilling continues with the expectation of approximately 2,500m to 3,000m of drilling each quarter in 2020. The Divisadero discovery was made near the end of the 2018 Phase 1 drilling with a single hole into the new target. Sitting at a lower elevation than the Nicho Norte and Nicho breccia pipes, the mineralization at Divisadero is hosted by porphyritic intrusive rock, associated with sericite-silica-pyrite alteration, a style of mineralization that could be representative of what the Company expects to drill beneath the previously identified Nicho breccia pipes. Encouragingly, it has exhibited disseminated gold grades that were comparable to the nearby Nicho-style breccias. | |
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