Seafield Resources has moved a third diamond drill rig at the Quinchia Project in Colombia. This drill rig will be employed to additionally accelerate the ongoing phase II drilling program at the Miraflores target of the company.
This target includes an NI 43-101 compliant resource, in which 1,227,593 oz gold are Indicated and Measured resource grading 0.9 g/t gold in 44,717,000 t and 354,512 oz gold is Inferred resource grading 0.9 g/t gold in 12,252,000 t and both resource have 0.3 g/t gold as the cut off grade.
The company started the phase II drilling program in July, 2011 and is expecting to complete the program by November, 2011. It has planned 6,200 m drilling, totaling 10 holes, by means of two drill rigs that are operating at the target. The objective of the phase II drilling program is to outline the form of the ore body, expand the mineralization and enhance the resource. The drilling information offered will serve as a base for Seafield’s formerly reported SRK Consulting’s commitment to complete a scoping study at Miraflores.
The CEO and President of the company, has stated that this is an additional proof that the new management group is fulfilling its promise to continue a more aggressive plan for its properties’ exploration and development at the Quinchia Project. Moreover, the company is preparing to commence scoping study at Miraflores in August.
Source: http://www.sffresources.com/