Initial drill results from its Santa Rosa gold mine project in Panama have induced Greenstone Resources (GRE-T) to consider modifying its open-pit design.
The company has begun a 10,000-metre drill program at Santa Rosa, a heap-leach operation. A new geological interpretation of the area suggests that gold mineralization is structurally controlled within stratabound pyroclastic units. Drilling will focus on the Alto de la Mina and Santa Rosa pits, where five nearby targets have been selected.
The best results were encountered below the floor of the Alto de la Mina pit, in hole 262, which intersected 86.8 metres grading 5.43 grams gold per tonne, including a 9.1-metre interval of 22.30 grams.
Other holes of interest at the Alto de la Mina pit include: hole 257, which intersected 41.1 metres of 3.23 grams, and 15.3 metres of 1.56 grams; hole 261, which cut 6.1 metres of 1.29 grams, and 9.2 metres of 5.08 grams gold.
At the Santa Rosa pit, intersections of note include: 15.2 metres of 4.11 grams, and 33.5 metres of 1.22 grams in hole 256; and 6.1 metres of 1.13 grams, and 9.2 metres of 6.39 grams in hole 255.
Meanwhile, construction continues at Greenstone ‘s Cerro Mojon gold mine in Nicaragua (where the company also owns and operates the Bonanza gold mine), as well as at the San Andreas gold project in Honduras.
Be the first to comment on "Greenstone adds to mine reserves"