A third phase of drilling at Francisco Gold’s (FGX-V) El Sauzal gold project in Mexico’s Chihuahua state is testing the large-scale epithermal system peripheral to the West and East zones.
A resistivity anomaly, centred 600 metres west of the West zone, was tested by seven drill holes. Three of the holes intersected significant gold mineralization in this area, which is now called the West Lip zone.
Discovery hole 51 intersected 96.7 metres averaging 1.34 grams gold per tonne between a drilled depth of 116.9 and 213.6 metres. Hole 39 intersected 43 metres averaging 2.24 grams (including 61.2 gram spike over 1 metre) between 69.2 and 112.2 metres, whereas hole 56 returned a 20.2-Metre interval averaging 1.15 grams from a depth of 35.8 to 56 metres, as well as a 30.2-Metre interval averaging 1.75 grams from 65.1 to 95.3 metres.
Drilling on the East zone extended the strike length to 300 metres, with 11 of 13 holes intersecting an average core thickness of 38.5 metres. Assays ranged from 0.46 gram over 23 metres between a depth of 43 and 66 metres in hole 45 to a near-surface 3.31 grams over 50.3 metres (including 21.9 metres averaging 5.8 grams) from 2.6 to 52.9 metres in hole 36.
The East zone remains open to the southeast and east.
Infill and extension drilling on the West zone encountered: 13 metres of 1.38 grams from a depth of 44 to 57 metres in hole 44; 214.2 metres near the surface, averaging 4.62 grams (including a 15.2-Metre interval grading 32.43 grams) in hole 54A; and 81.2 metres, also near the surface, averaging 0.95 gram from 3.2 to 84.4 metres, plus a 22.3-Metre interval averaging 1.2 grams from 145.1 to 167.7 metres in hole 60.
This third phase of drilling is expected to comprise more than 45 holes, totalling some 6,500 metres.
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