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San Marco Resources Inc.
Summary
| Project: | Chunibas | |
|---|---|---|
| Deposit: | Chunibas | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 8/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-8-2017: San Marco Resources Inc. announces an Exploration/Drilling Update report for its Chunibas deposit at the Chunibas project. Drilling results incl. 25.20m @ 0.18g/t Au from 30.8m. Vancouver, B.C. – August 9th, 2017: San Marco Resources Inc. (SMN: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert D. Willis (Internal) | |
| ABSTRACT: | Vancouver, B.C. – August 9th, 2017: San Marco Resources Inc. (SMN: TSX-V) ("San Marco" or “the Company”) is renewing surface exploration of its 100% owned Chunibas property, with a focus on mapping the newly discovered intrusive related gold breccia body. Most of the recently completed drill holes bottomed in breccia, with some holes terminating in reasonable gold grades. Early indications suggest the breccia footprint is widespread with large scale potential. The current detailed mapping campaign should give a more accurate indication of the breccia’s lateral extent and its relationship to known mineralization. San Marco has noted that mineralized structures as much as 800 metres west of current drilling have and are being mined by local gambosinos. It is now apparent that the drill hole collar locations, azimuths and depth of the recently completed six hole program were, essentially, “random” in relation to the newly discovered breccia system’s geometry and zoning since the Phase I drill holes being spotted based on a totally different geological model (see news release dated May 31,2017). Now that the Company recognizes an intrusive hosted gold breccia system with much larger scale potential exists, exploration will concentrate on defining and targeting this new system. Mapping, detailed sampling, review and integration of previous surface soil and rock chip sample data will be used by San Marco’s new team to generate a new geological model and vectoring process to target areas with higher grade potential for future drill campaigns. | |
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