For thousands of other reports visit RSC's Mineral Intellingence Map
Prize Mining Corp.
Summary
| Project: | Manto Negro | |
|---|---|---|
| Deposit: | Pilar Grande | |
| Location: | Mexico | |
| Commodities: | Copper-Silver | |
| Date: | 12/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2018: Prize Mining Corp. announces an Exploration/Drilling Update report for its Pilar Grande deposit at the Manto Negro project. Drilling results incl. 2.90m @ 0.72% Cu, 24g/t Ag from 87.70m. VANCOUVER, Dec. 20, 2018 /CNW/ - PRIZE MINING CORPORATIO | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Archer (Internal) | |
| ABSTRACT: | VANCOUVER, Dec. 20, 2018 /CNW/ - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that step-out diamond drill holes at the Pilar Grande area of the Manto Negro Copper Project in Coahuila State, Mexico continues to intersect copper-silver mineralization. Drilling at the El Granizo site has encountered complex faulting that is yet to be fully interpreted as to the impact on mineralization. "Our first drill program at the Pilar Grande and El Granizo areas continues to provide important geological information on the continuity of copper-silver mineralization", stated Michael McPhie, President & CEO of Prize Mining. "In detail, the areas are more structurally complex than we had anticipated but our geologists are working on an interpretation that will help guide our ongoing drill program." As reported on November 14, 2018, the first two holes from each of the El Granizo and Pilar Grande Mine areas intersected consistent thicknesses and relatively consistent grades of copper and silver. Holes DDHDI-18-03 and 05 at Pilar Grande intersected similar mineralization, while hole DDHDI-18- 04 returned no significant values. At El Granizo, holes DDHMN-18-03 to 07 appear to have been drilled within a fault block that is not mineralized at the same horizon as the first two holes. The main north-easterly trending faults defining this block are therefore interpreted to be pre-mineral and likely played a role in localizing metalliferous brines. As such, it is possible that a separate, lower mineralized horizon exists. If the structures are post-mineral, then a simple offset of the mineralization would be expected. | |
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