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Drilling Begins at Carachapampa Project in Chile

Drilling has reportedly started at the Carachapampa project in Chile, according to Halcones Precious Metals Corp.

Drilling Begins at Carachapampa Project in Chile
2,000 meters of drilling has been budgeted to evaluate two target areas, the Central Zone Target, and the Northwest Target, where field mapping and sampling has highlighted the presence of high-grade gold and silver mineralization in outcrop over extensive areas. The prospect is located approximately 180 km northeast of the city of Copiapo, which is one of the main mining centers in Chile. Image Credit: Halcones Precious Metals Inc.

The first drill hole of the 2,000 m exploration program was collared on February 5th, 2023, after the drill had been transported to the project during the previous seven days. Taking a route along paved, sealed roads accessible all year long, it takes 180 km to get to the Carachapampa project from Copiapo.

As previously stated, the Halcones exploration team recently conducted a successful field exploration program focused on two target locations: the Central target and the Northwest target. This drill program is intended as a follow-up to that program.

The target areas possess several characteristics of high sulfidation epithermal deposits (HSE), including high-grade surface mineralization over a wide area, the ideal geophysical signature, and their location in a geological setting known to support HSE occurrence.

During the most recent fieldwork session, several high-quality surface samples were gathered. Over a 500 m2 region on the side of the recently found volcanic dome, a surface sample from the Central Target returned values ranging from 1.43 g/t gold to 18.5 g/t gold. In the Northwest Target, a similar surface sample approach across a 600 m area yielded readings ranging from 0.54 g/t gold to 2.5 g/t gold.

About the Drill Program

The two targets will each receive 2,000 m of drilling as part of the initial drill contract. To examine the regions immediately under the outcrop samples, planned holes are only a few inches deep.

The project area is coated in a thin layer of younger volcanic with few outcrop windows. The current drill program aims to corroborate the interpretation of governing structures and further the knowledge of the underlying geology.


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