Assay results from two holes drilled at the Halley gold property in south-central Peru have proven encouraging for
The ongoing drill program is testing a 600-by-600-metre area of the Quilca breccia trend, which was identified by sampling. Surface and adit sampling of sandstone and breccia units returned an average of 2 grams gold per tonne.
The primary target, the Quilca breccia, represents one of a series of extensive breccia bodies that trend to the northeast along a linear structure. In addition to the Quilca breccia, six breccia zones have been discovered, including Quilca Oeste, Quilca Norte, Angasmarca, Laqui, Pachapata and Llamakensa. The Llamakensa and Pachapata breccias are in a river valley 2 km southeast of the main group.
Results from the latest round of drilling along the Quilca trend come from holes 15 and 16, both collared about 150 metres northeast of previously reported 98-1 (2 grams gold over 67.5 metres). These holes were designed to test the continuity of gold mineralization beneath a series of old adits.
Results from hole 15 include: 5.8 metres averaging 1.07 grams gold at a down-hole depth of 41.1 metres; 3.7 metres of 1.08 grams starting 58.6 metres down-hole; and 1.5 metres of 3.42 grams gold at 112 metres down-hole. Hole 16 intersected 10.1 metres averaging 0.55 gram at 56.1 metres down-hole, followed by 2.5 metres of 9.66 grams starting at 188.1 metres down-hole.
Drilling in both holes encountered alternating sequences of variably fractured sandstone and breccia units similar to those observed at surface, the company reports. The most intensely fractured oxide zones returned anomalous gold and silver values ranging from 100 parts per billion to 2 grams gold. According to Maracote, the holes encountered a lower, less mineralized level of the Quilca epithermal system.
Hole 17, collared about 400 metres north of hole 15, is under way. The hole, which has been sunk to a current depth of 280 metres, is designed to test the upper level of the epithermal system, above previous drilling. Silicification and fracture-controlled veining in hole 17 is much stronger than in holes 15 and 16 and tends to increase at depths below about 65 metres, the company says. Assay results are pending.
Maracote can earn a 65% interest in the Halley property from Denver, Colo.-based
Be the first to comment on "Drilling returns more gold for Maracote"