Cobriza Metals has declared that a high resolution helicopter-borne magnetic survey has been completed over the Arikepay project and the company is likely to begin the drill program on the project by early June.
This helicopter-borne magnetic survey was flown over a total of 775 line-km. The company is processing and analyzing the data to outline structural and geological features, and also to help in target selection for future drilling.
Cobriza has obtained all the permits to drill at the project and has inked an agreement with AK Drilling International to carry out a reverse circulation drill program for a minimum of 3,000 m. The company has finished the preparation for drill platform and access roads.
Two areas will be targeted by the drill program at Arikepay. The primary region includes poorly opened silicic and phyllic alteration, which encloses an area that is about 900 m east-west by 700 m north-south. High anomalous copper, molybdenum and gold have been identified in the grab samples of these altered rocks. Cobriza has planned to drill a minimum of four reverse circulation holes in order to examine the vertical and lateral level of this alteration and this area’s related mineralization.
The company is expecting to drill the second area for analyzing the prospective north and north-west expansions of the poorly opened silicic and phyllic alteration. Younger gravel covers this area, which stays exposed for more than 2,000 m. Cobriza plans to drill a minimum of eight reverse circulation holes in this area.
Cobriza is currently mobilizing the aerial magnetic survey equipment and crews to the Miraflores project, and then to the Don Gregorio project. The company has planned to flow around 2,250 line-kms between the three projects.
Source: http://www.cobrizametals.com/
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