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Minsud Resources Corp.
Summary
| Project: | Chita Valley | |
|---|---|---|
| Deposit: | Chita Valley | |
| Location: | Argentina | |
| Commodities: | Gold-silver-Copper-Molybdenum | |
| Date: | 11/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-11-2016: Minsud Resources Corp. announces an Exploration/Drilling Update report for its Chita Valley deposit at the Chita Valley project. Drilling results incl. 132.00m @ 0.07g/t Au, 1.1g/t Ag, 0.439g/t Cu, 0.017 % Mo from 26.00m. TORONTO, ONTARIO – Min | |
| Resources: | (Resource, Inf.): 31.5Mt @ 0.45% Cu. 0.07g/t Au, 2.2g/t Ag, 0.017% Mo | |
| CP/QP: | [Overall Report]: Howard Coates (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”) recently completed a 12 hole, 1,700 meter HQ diamond drilling program in the Chita South Porphyry sector of the Chita Valley Project. The main objective was to continue outlining Cu-Au-Ag-Mo mineralization and Inferred Resources at relatively shallow depth beneath the zone of surface weathering and oxidation (See NI 43-101 Technical Report dated February 1, 2016 under the Company’s profile at www.sedar.com). Some of the drill holes were designed as a preliminary test of a suite of epithermal Au-Ag veins within or adjacent to the Inferred Resources area. The mineralized sections include disseminated sulphides as well as A, B and D-type veins hosted by multiple stages of epizonal intrusions and hydrothermal breccias. Better Cu values are typically associated with the zone of supergene enrichment and the transition to primary mineralization at depth. Epithermal quartz veins that typically post date the porphyry mineralization are known throughout the Chita Valley Project area. This vast under-explored target concept has widespread moderate to high grade Au-Ag values from drill holes and surface samples that remain untested. Eleven of the twelve holes intersected substantial core lengths of mineralization at relatively shallow depth beneath the zone of surficial weathering and oxidation. The remaining drill hole (PSU16-50) was designed as a test of outcropping epithermal veins in post Cu mineralization host rocks. The complex mineralization styles are not conducive to the classical concepts of true thickness measurement, so vertical thickness determinations that would conform to conceptual pit design parameters are used instead. Exceptions to this thickness determination procedure are various drill holes containing lesser intervals of anomalous precious metal values where core angle measurements are utilized to determine an approximate true thickness (shown in italics in the above table). Drill hole locations are shown on the following map. Historical drill hole locations are also shown (See NI 43-101 Technical Report dated February 1, 2016 for highlights). | |
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