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San Marco Resources Inc.
Summary
| Project: | Chunibas | |
|---|---|---|
| Deposit: | Chunibas | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 7/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-7-2017: San Marco Resources Inc. announces an Exploration/Drilling Update report for its Chunibas deposit at the Chunibas project. Drilling results incl. 39.0m @ 0.67g/t Au from 88m. Vancouver, B.C. – July 20, 2017: San Marco Resources Inc. (SMN: TSX-V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert D. Willis (Internal) | |
| ABSTRACT: | Vancouver, B.C. – July 20, 2017: San Marco Resources Inc. (SMN: TSX-V) ("San Marco" or “the Company”) has increased the Chunibas HQ core drilling program from four to six holes following the discovery of an extensive, previously unknown, intrusive breccia associated with mineralization encountered during the current drill phase. Management considers this to be a very important discovery and is working on multiple fronts to ascertain how to best explore it and determine its economic significance. Bob Willis, San Marcos CEO stated, “It is very early days, but we don’t want to understate the potential significance of this discovery. It’s too early to classify this new discovery though it has affinities to both breccia-hosted and intrusive-hosted systems, which are host to some large gold and gold-copper discoveries worldwide made in the recent past. “Our core drilling, the first on the property, allowed us to log long contiguous sections of rock unaffected by surface weathering, something unavailable to past workers. This led to the discovery of the new intrusive breccia in all holes drilled so far, extending from the top to the bottom of the holes in most cases. Subsequent prospecting confirmed the breccia extends at least 200 metres west and 300 metres south of the Hole 1 and Hole 4 areas and it remains wide open. The area will be remapped to determine the surface extent of the breccia but early indications from our widely spaced drill holes is that it is fairly large. While we need to understand zoning or other possible controls on gold emplacement, we are highly encouraged that all core containing breccia assayed to date exhibits at least anomalous (greater than 50 ppb) gold values. | |
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