Vancouver The results of a sampling and mapping program have prompted Sienna Gold (SGP-V) to plan an initial drill program for its Igor gold property in the Department of La Libertad, 158 km from the city of Trujillo in north-central Peru.
Sienna began trading on the Venture board in July of this year, and since then has carried out surface mapping and sampling, along with geophysical surveys, to test the Igor project. The company believes the property is prospective for high-sulphidation epithermal gold deposits.
The Igor property covers the past-producing Igor gold-silver mine, a sandstone-hosted deposit that has been mined intermittently since Spanish times. Recent exploration is focused on the Tesoro Fault breccia zone, which has been mined on a limited basis over the past two years by underground methods. Sampling of 13.5 metres of cross-cut returned an average of 6 grams gold per tonne, while another nearby cross-cut returned 2 grams over a 6-metre width.
Sienna plans to continue sampling and mapping of the Tesoro breccia face and underground workings, as well as targets elsewhere on the property. A 20-hole drill program is proposed, budgeted at US$466,000. The company says it has sufficient funds to carry out the drilling and exploration programs, and to evaluate eight additional properties over the coming year for potential acquisition.
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