Galore Resources Inc. (TSX VENTURE:GRI) provides an update on the completion of diamond drilling on its La Palma target, located at the southern end of the Dos Santos property and initial assay results from a systematic trenching program at El Álamo, located at the northern end of the Dos Santos property.
The Company reports the completion of diamond drilling on the La Palma IP target. A total of 4,973 metres of HQ core were drilled in 12 holes. Ten of the twelve holes are vertical and range in length from 152 to 539 metres. Drill core logging and splitting of all the core continues, with weekly sample shipments to the lab. Sample shipments to-date total 774 core samples with assay results pending. Drill core assay results will be announced after assays from the first 6 holes have been received.
The Company reports analyses from an initial 89 samples from the El Álamo claim. This claim was recently acquired through the Mexican government lottery system as detailed in the Company's news release dated September 27, 2010. The El Álamo claim is located at the northern end of the Dos Santos property, approximately 14 kilometers north from the drilling at La Palma. Galore's geologists believe the El Álamo area covers the western extension of the San Jose mineralization system.
All samples are continuous channel samples. Samples were analyzed at Acme Analytical Laboratories Ltd. in Vancouver by Aqua-Regia digestion and ICP-MS on a 30 gram sample. Only five of the 89 channel samples are below the 0.5 ppb gold detection limit. Most of the remaining samples are anomalous in gold, arsenic, antimony, barium, mercury, and thallium. A program of trenching, mapping and sampling continues on the El Álamo claim. The Company currently has 123 trench samples in the lab with analyses pending. Gold results were reported in ppb and converted to grams per tonne. Results will be announced when assays are received.
"We are pleased with the pace and efficiency of the diamond drill program at La Palma. Our staff is working diligently on completing the logging and splitting on the remaining core and we are looking forward to receiving the assays from the La Palma diamond drill program. We are also very encouraged by the gold analyses at El Álamo and are working on bringing this property to the drill ready stage," says Michael Byrne, Galore's President.
The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, Galore's Vice-President Exploration for Mexico. Uwe Schmidt, P.Geo., Vice-President Exploration and Galore's Qualified Person as defined by Canada's National Instrument 43-101, is responsible for supervising the Dos Santos program.
Source: Galore Resources Inc.