Wealth Minerals has announced that it will provide an exploration update on the Valsequillo project located in Chihuahua, Mexico. During mid-March 2012, an exploration campaign was commenced on the property.
The company completed a two-month campaign, which includes rock geochemical sampling, geological mapping and grid layout of the property.
The exploration program validated the setting specifically as a high-level porphyry system that is found in the middle of the sub-volcanic intrusion outcropping at the Picacho Valsequillo summit. This system indicates typical porphyry-style alteration and wide skarn and hornfels towards the northeastern and eastern parts of the Picacho Valsequillo. A huge color anomaly, which is trending towards the northwest, showing the surface appearance of the porphyry system’s oxidized pyrite halo.
Rock geochemical samples of totally 66 were obtained from several veins, alteration zones, hornfels, skarn and stockworks. These are normal samples that demonstrate average values and background in many zones. Grades vary for copper between 5 ppm and 1,035 ppm; gold between <5 ppb and 812 ppb; lead between 2 and 46,100 ppm; silver between <0.2 and 518 ppm and zinc between 15 and 39,800 ppm.
The system proves to be bigger and will need extra work to offer an advanced explanation and analysis of the alteration’s intensity. The company is currently carrying out the work. So far, the mineralized system seems to be like high-level porphyry mineralized system that is transitional to a deeper epithermal setting having capability for bulk tonnage deposits.
The exploration campaign was partly outlining the porphyry system and validating the prospective for bulk tonnage base metal or silver mineralization. Exploration is being continued at this property.
Source: http://www.wealthminerals.com/