Drilling on the Rio Liri concession in Panama is returning gold values for Arlo Resources (VSE).
The junior, which recently completed an initial phase of
drilling on the Cerro Pelado zone, is earning a half interest in the property from CEMSA of Panama.
Five holes intersected significant gold mineralization, with intervals grading up to 3.09 grams per tonne over 14 metres.
Mineralization remains open in three directions and is associated with silicification contained within tuffaceous units.
The Cerro Pelado represents one of two large gold soil anomalies identified on the concession.
Arlo plans to follow up the first phase of drilling with an
induced-polarization geophysical survey to delineate the zone of silicification at Cerro Pelado, as well as test the other soil anomaly.
Upon completion of the geophysics, a further 1,200 metres of core drilling, in concert with metallurgical testing, is planned.
Arlo recently drilled six holes on the Cerro Norte concession, where it is earning a half interest from Adrian Resources (TSE).
Adrian’s Petaquilla and Botija copper deposits host a total of 793 million tonnes grading 0.52% copper and 0.11 gram gold, and are situated 23 km to the southeast (see separate story, page one). Arlo hopes to identify a similar porphyry copper-gold
deposit at Cerro Norte.
The recent drilling returned both copper and gold mineralization from what is believed to be the fringe area of a copper porphyry system. Further drilling is planned to test the area.
Results from the Cerro Pelado zone at the Rio Liri concession are as follows: HoleIntervalWidthGoldSilver
(m)(m)(g/t)(g/t) 95-19.0-23.014.0 3.09
1.41 59.0-67.08.02.691.58 95-23.1-34.0 30.9
1.310.96 95-35.6-20.114.51.58 0.70 95-6
65.0-80.015.01.571.74 128.0-135.0 7.00.58
1.14 95-767.0-95.028.00.85 0.91
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