For thousands of other reports visit RSC's Mineral Intellingence Map
Para Resources Inc.
Summary
| Project: | El Limon | |
|---|---|---|
| Deposit: | El Limon | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 5/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2018: Para Resources Inc. announces an Exploration/Drilling Update report for its El Limon deposit at the El Limon project. Drilling results incl. 0.93m @ 129.5g/t Au from 72.32m. Vancouver, British Columbia--(Newsfile Corp. - May 29, 2018) - Para Re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paulo Andrade (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - May 29, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce its near mine drilling program ended in January 2018 and assays were delivered only in April 2018 by the laboratory. As reported in the Company's news release from November 16 th , 2017, the main objective of the program carried out at Casino Afuera Sector in the Northern extension of El Limón Mine, was to twin 3 historic diamond drilling holes completed 1997 and 1998 and to drill 4 other off set holes in the same formation. Such historical holes reported anomalous values on gold in the weathered interval suggesting a supergenic enrichment on gold. In addition, the drilling program was also designed to intercept the El Limón (Superior and Inferior) veins at depth below or within the weathered package of rocks. Drilling operation and core sampling was performed under best practices criteria on exploration followed by a QA/QC program. Each 25 samples taken, 3 control samples were introduced: 1 blank, 1 standard and 1 field duplicate. Assays were done in Actlabs Colombia S.A.S. Blanks were prepared and bought from Antioquia Granitos, an aggregate and ornamental rock company from Medellin. From the 27 blanks introduced only one was out of the ideal curve, but much below the allowed limit to characterize a bias. Standard reference materials used for the QA/QC program were obtained and prepared by CDN Resource Laboratories Limited and their gold values were certified and supervised respectively by Mr. Duncan Sanderson, Licensed Assayer of British Columbia, and Dr. Barry Smee, PhD, P.Geo and Independent Geochemist. After a bias analysis it was proved that only 2 samples were slightly out of the acceptable range and do not invalidate Actlabs' analysis. Field duplicates analysis presented only one sample out of the dispersion chart cloud, where a gold anomalous value was detected in the vein and is probably related to nugget effect caused by a fine grained free gold presence. The other samples universe indicates a reasonable correlation for gold (R 2=0.59). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report