Pacific Comox makes progress at Mabel (October 13, 2008)

Pacific Comox Resources (PCM-V, PAOCF-o) has completed a 7,000- metre drill program at its Mabel gold-silver project in Sonora state, and some of the results have started to come in.

The company has also begun work on a resource estimate, which it hopes to have out by the end of the year.

After that, the company will begin a prefeasibility study to assess the viability of a 1,100-tonne-per-day heap-leach or vat-leach operation.

“Mabel should be easy to put into production and to permit,” said company president Don Empey in a recent interview. “It’s small and the metallurgy is straightforward.”

The property hosts many outcropping quartz veins that are mineralized.

Pacific has received results from 46 holes, most of which were drilled less then 20 metres deep on a 300- sq.-metre area.

Highlights include a 5-metre intersection grading 3.1 grams gold per tonne and 128 grams silver, 4 metres grading 4.79 grams gold and 87 grams silver and 6 metres grading 4.11 grams gold and 94 grams silver.

The program was intended to test the near-surface mineralization at acloser spacing. Metallurgical work has already begun on a 100-kg sample taken from the areas where drilling intersected mineralization.

The company is waiting for the rest of the results. Of the 119 mineralized holes drilled in two areas of the property, the average drill intercept returned 1.6 grams gold per tonne and 60 grams silver over 4.4 metres, with mineralization starting at an average of 5.6 metres below surface.