SOURCE EXPLORATION CORP. is pleased to report drilling has resumed at its Las Minas property, Veracruz, State, Mexico. The 2,000 metre diamond drill program has commenced after a very successful Phase 1 winter program.
David Baker, Executive Chairman, stated, "We are excited about the commencement of the 2014 Phase 2 drill program, which will allow us to build on the excellent drill results from the recently completed Phase 1 drill program. In addition, the program will test high priority targets with strong magnetic - high anomalies coincident with historical small scale mining operations and high-grade sampling results."
Priority 2014 Phase 2 Drill Targets Include:
- Santa Cruz Zone: Phase 1 step-out drilling at Santa Cruz expanded the high-grade zone outlined in earlier drilling and intersected wide zones of mineralization extending from surface. Hole LM-14-SC-03 graded 2.70 g/t Gold Equivalent (Au Eq)(1) over 97.2 metres, including 10.06 g/t Au Eq over 16.0 metres (see press release April 7, 2014 and May 26, 2014).
- Juan Bran Zone: The Juan Bran zone is the site of historical mine workings located approximately 450 metres north of hole LM-11-SC-45 that graded 19.56 g/t Au Eq over 10.0 metres (see press release January 26,2012) and believed to be an extension of the Santa Cruz zone. Recent sampling at Juan Bran returned 5.51 g/t Gold Equivalent (Au Eq) (2.82 g/t gold (Au), 7.45 g/t silver (Ag) and 1.50% copper (Cu) over 12.0 metres in one sample and 2.03 g/t Au Eq (0.52 g/t Au, 3.77 g/t Ag and 0.85% Cu) over 22.0 metres in a second sample. All samples are chip samples cut in continuous 2.0 metre intervals using a hammer and moil.
- Cinco Senores: The Cinco Senores is the site of historical workings and a large magnetic - high anomaly measuring approximately 1,000 metres by 750 metres. Earlier drilling at Cinco Senores intersected 1.69 g/t Au Eq over 22.0 m (see press release August 8, 2011).
Source: https://mexicangold.ca/