Angled holes, spaced 160 metres apart, will test the extent and grade of disseminated gold and silver mineralization between historically mined veins along a 500-metre strike length. The holes will cut across two parallel zones and extend to a depth of 300 metres.
The targets were defined by surface and underground channel sampling in 2001.
The Sacaramb target comprises a series of thin veins hosted in an altered Neogene andesitic sub-volcanic intrusion and associated extrusive rocks.
Historical mining, dating back to 1745, focused on veins of high-grade gold mineralization. Mining occurred along a strike length of more than 1,000 metres and to depths of more than 750 metres below surface.
The target is 3 km east of the Certej deposit, where indicated resources are pegged at 44.1 million tonnes grading 1.9 grams gold and 10 grams silver per tonne. An additional 14.1 million tonnes of 1.5 grams gold and 8 grams silver are classified as inferred. These figures are based on a cutoff grade of 0.8 gram gold.
Certej is believed to represent a mid-to-shallow-level, low-to-medium-sulphidation epithermal system possibly associated with a porphyry-style hydrothermal system at depth. Mineralization is associated with pervasive quartz-adularia-clay-carbonate-pyrite alteration.
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