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Oro Verde Ltd.
Summary
| Project: | Topacio | |
|---|---|---|
| Deposit: | Rebeca | |
| Location: | Nicaragua | |
| Commodities: | Gold | |
| Date: | 6/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-6-2017: Oro Verde Ltd. announces an Exploration/Drilling Update report for its Rebeca deposit at the Topacio project. Drilling results incl. 3.4m @ 3.07g/t Au from 5.45m. Oro Verde Limited (ASX: OVL) (“Oro Verde” or “the Company”) is pleased to announc | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: Trevor Woolfe (Internal) | |
| ABSTRACT: | Oro Verde Limited (ASX: OVL) (“Oro Verde” or “the Company”) is pleased to announce that results up to 5.16g/t gold (Au) (over 1.5m downhole width) have been received from the Phase 1 drilling completed recently on the Rebeca Vein at the Topacio Gold Project, located in southeastern Nicaragua (Figure 4). As reported previously1 , Phase 2 drilling of high grade gold targets around the Topacio resource is now underway. The Rebeca Vein drill program was the first ever on that target and totalled 1,767.2 metres of diamond core from seven drill holes (Table 2). Surface quartz vein textures, geological mapping and geochemical characteristics along the Rebeca Vein suggested the presence of a buried epithermal vein system. The program focused on key locations along the 3km long vein to test these features. Oro Verde’s Managing Director, Mr. Trevor Woolfe, commented “With our initial drilling program on the Rebeca Vein completed, we are now reviewing the data to better understand the distribution and controls on mineralisation. Meanwhile, drilling of high grade gold targets around the Topacio resource is progressing well.” The vein system at depth was not as extensive as modelled. A review of the logging and multi-element analytical data will be undertaken to better understand the geological controls and geochemical vectors toward a possible feeder zone, along with the distribution of favourable lithologies to host broader high grade mineralisation. | |
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