A drill program is testing the Chita and Salamanca projects in the Guandacol mining district of Argentina.
The properties are held by an Argentine company, which is owned equally by Ima Resource (IRU-V) and Oro Belle Resources (ORS-V). The latter is controlled by Viceroy Resource (VOY-T).
The partners have evaluated more than 330,000 ha in 14 mining districts, with four projects selected as high priority.
The list includes Salamanca, which covers 29,040 ha in San Juan and La Rioja provinces. This summer saw the beginning of a 1,000-metre drill program designed to follow up a previous 3-hole program where the best intersection was 41.4 metres grading 1.7 grams gold per tonne.
The Chita project, in San Juan province, consists of 10,509 ha. A 2,000-metre drill program will test two targets: a copper supergene zone grading up to 0.45% copper, with thicknesses up to 120 metres: and a gold zone with surface values up to a maximum of 8.1 grams.
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