Santa Cruz explores Mexican gold project

Trenching on the Escobal gold project in Mexico’s Sinaloa state has enabled Santa Cruz Gold (CDN) to outline gold mineralization.

Results include 39 metres of 1.1 grams gold per tonne, 84 metres of 1 gram and 54 metres of 1.1 grams. Two of the trenches include high-grade intervals of 21 metres grading 2.6 grams per tonne and 18 metres grading 2.2 grams.

The trenching tested 200 metres of strike along a shear zone that is known to extend more than 1 km across the property. The deposit is open along strike and at depth.

Escobal, which was the site of an underground gold mine that closed in the 1960s, displays potential for hosting an epithermal, bulk-tonnage gold deposit amenable to open-pit extraction.

Meanwhile, Santa Cruz is acquiring the Magistral gold project, 100 km northwest of Escobal, where a drill-indicated resource exceeding 1 million oz. has been outlined.

In neighboring Sonora state, mapping and sampling are in progress at the Quitovac project, which encompasses an historic gold mining district. Proven and probable reserves stand at 3.3 million tonnes grading 1.4 grams gold per tonne, within a resource of 7.5 million tonnes at the same grade.

Santa Cruz shares common management with Great Lakes Minerals (TSE).

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