A drilling program is helping Mirage Resource (TSE) to gain a better understanding of the northernmost prospect on its El Dorado gold project in El Salvador.
Drilling has tested the La Coyatera North zone over a strike length of 500 metres and at depth. Surface mapping indicates the vein extends over a total distance of 1,000 metres.
Two holes, K95-105 and 104, were stepped-out a respective 50 and 100 metres north of section 1040, where hole K95-103 intersected a previously reported 7.55 grams gold and 51.18 grams silver per tonne over an approximate true width of 23 metres.
Hole K95-105 returned a true width of 10.5 metres grading 6.11 grams gold and 52.07 grams silver (including an interval averaging 11.67 grams gold and 66.98 grams silver over a true width of 4 metres). An intersection in hole K95-104 averaged 16.59 grams gold and 94.37 grams silver over a true width of 10.5 metres (including 44.26 grams gold and 245.11 grams silver over a true width of 3 metres).
Assay results for additional holes, drilled on sections 1090 and 1140, are pending. La Coyatera North is just one of three main zones that comprise El Dorado; the other two are El Dorado and Nueva Esperanza. A prefeasibility study, which is expected sometime this month, is assessing the economics of establishing a single treatment plant that would process ore from an open-pit operation at Nueva Esperanza and underground operations at El Dorado and La Coyatera North.
Mirage has reached agreements with Dejour Mines (TSE) and Bethlehem Resources, a wholly-owned subsidiary of Imperial Metals (TSE), to acquire their respective 25% interests in El Dorado.
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