The Partners are currently finalizing drilling plans for 2022.
Highlights
Curipamba - at the newly identified Agua Santa volcanogenic massive sulphide system (VMS) within the Curipamba district, CREG-011 intersected 3.35 metres of 0.76% copper, 1.39 g/t gold, 4.29% zinc, 12.5 g/t silver, and 0.17% lead - including 1.40 metres of 1.58% copper, 2.67 g/t gold, 31.20% zinc, 55.0 g/t silver, and 1.01% lead
Drilling on the Agua Santa target completed 11 drill holes totaling 2,818 metres
Pijili - the Partners are drill ready on a new porphyry target called
Curipamba Project Update
Regional drilling on the Agua Santa target started
CREG-011 was a step-out drill hole, collared from the same drilling platform as CREG-008 designed to undercut the massive sulphide mineralization on the same drill section. It intersected faulted, but fragmental looking massive sulphide mineralization from 40.35 to 43.70 metres grading, 0.76% copper, 1.39 g/t gold, 4.29% zinc, 12.5 g/t silver and 0.17% lead. The intercept had a copper-rich top from 40.35 to 40.70 metres grading, 4.76% copper, 0.51 g/t gold, 0.91% zinc, 28.0 g/t silver, and 0.03% lead, and a zinc-rich base from 41.62 to 42.30 metres grading, 0.37% copper, 5.67 g/t gold, 19.92% zinc, 39.3 g/t silver and 0.77% lead
An interesting feature of CREG-011 is a wide, low-grade, sulphidized section of the host strata in the hanging wall of the faulted massive sulphide mineralization from 29.75 to 40.35 metres grading, 0.10% copper, 0.68 g/t gold, 0.26% zinc, 2.2 g/t silver, and 0.04% lead. This low-grade intercept suggests the hydrothermal system continued to exhaust mineralized fluids after the deposition of the massive sulphide mineralization. Further review is being undertaken to assess possible vectoring using data from adjacent drill holes.
CREG-009 was a step-out drill hole, collared 82 metres to the north-northeast of CREG-008 and although it intersected similar volcanic stratigraphy to CREG-008, it appears to have pierced the favourable VMS horizon hosting the massive sulphide mineralization, CREG-009 only intersected highly sulphidized, geochemically anomalous mafic volcaniclastic rocks. The best mineralization intersected in CREG-009 is related to a fault zone from 170.18 to 171.26 metres, grading 1.16% copper, 0.05 g/t gold, 0.01% zinc, and 1.14 g/t silver.
CREG-010 was a step-out drill hole, collared 47 metres to the southwest of CREG-008 and although it intersected similar volcanic stratigraphy to CREG-008 and CREG-009, like CREG-009, it appears to have pierced the favourable VMS horizon hosting the massive sulphide mineralization but only intersected wide, highly sulphidized, geochemically anomalous section of mafic volcaniclastic rocks. Mineralization was intersected from 41.00 to 52.04 metres, grading 0.09% copper, 0.20 g/t gold, 0.25% zinc, and 1.7 g/t silver. A narrow section of higher-grade material occurs from 44.50 to 45.12 metres, grading 0.88% copper, 1.32 g/t gold, 2.26% zinc, 14.8 g/t silver and 0.01% lead.
The Partners continue to wait for analytical results to be completed and released from the laboratory for regional drill holes CREG-012 to CREG-018. It is understood that BV laboratory is experiencing a significant increase in through volume that is resulting in longer than expected delays for its clients to receive geochemical results. These delays are unfortunately hampering assessment and the interpretation of exploration programs including the relationship of any drill hole results to two prospecting showings of bedrock, fault-controlled VMS mineralization at Agua Santa. The laboratory delays are creating a major challenge for consistent exploration news flow. Once data from drilling and surficial geochemical sampling has been returned from the laboratory and passed the Partners' internal QAQC protocols, the results will be disclosed.
Regional drill holes at El Panecillo, east of
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