Wedge drilling at the Ixhuatan gold and silver project in Mexico is confirming continuity of grade in the Campamento zone, reports
The latest, 5-hole drill program included hole 37, which intersected 132 metres grading 5.8 grams gold and 32.4 grams silver per tonne. From the same site, hole 39 yielded 81.6 metres of 7.1 grams gold and 35 grams silver. Both holes ended while still in mineralization.
The company says the intersection of significant mineralization in different directions from the same collar location indicates a “strong continuity of grade with no preferred structural orientation.”
Hole 35 cut 12 metres grading 2.3 grams gold and 8.2 grams silver in a lower-grade zone, and hole 36 yielded 76 metres of 0.5 gram gold, including three 2-to-4-metre sections of about 1 gram gold. Hole 36 is believed to have also encountered the lower-grade shell.
Hole 38 returned 161 metres of 2 grams gold and 5.3 grams silver, including 94 metres of 3.1 grams gold and 7.4 grams silver. The hole bottomed in mineralization around 57 metres to the east of the collar, and suggests an increase in grade toward the untested southeast portion of Campamento.
The deepest intersection in the latest batch of holes was cut at around 167 metres of depth; Linear plans to bring in a bigger drill rig to test the zone to depths of 300-400 metres.
Assay results are pending for holes 40-44, and drilling continues at an accelerated pace.
“The mineralization is showing good continuity to the southeast and east, as well as at depth,” says Phil Pyle, Linear’s vice-president of exploration for Central America. “The zone of mineralization in the Campamento zone is continuing to grow quickly, as three of the five holes have indicated thick zones of strong grade continuity and have bottomed in mineralization.”
At surface, Campamento is characterized by a high gold-in-soils anomaly with values ranging from 100 to 9,700 parts per billion (ppb) over an area 500 metres long and up to 250 metres wide, which is part of a much larger, irregular-shaped, 100-plus ppb gold anomaly that extends for 1,400 metres in length.
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