AndeanGold has updated on the Phase I infill drilling campaign at Urumalqui gold-silver exploration project in Peru. Explomin Del Peru, the drill contractor began the exploration program on March 29, 2011.
The proposed program includes up to 23 core drill holes and drilling up to 3,000 to 4,000 metres. So far, 10 holes for 1,918 metres have been finished. Inspectorate Lab in Lima will assay the core samples obtained from the initial seven drill holes. It is anticipated that first assay results will be reported shortly and then on a periodic basis.
The company has cut holes in the Urumalqui Vein and offers primary support for the strike continuity and to drill more than 1,000 metre strike at the dip of the vein as planned. So far, Explomin has drilled at an average daily rate of 61 metres and has averaged 93% core recoveries per hole in the vein and 96% for the full hole. So far, the drilling results are up to the Company's expectations and the program is ongoing as per plan.
AndeanGold is concentrating on infill drilling to 200 meters depth in order to offer drill spacing of around 50 metres, which is along the Urumalqui Vein’s central and southeastern parts that covers 1.0 km of the 1.5 km Urumalqui Vein projection.
Source: http://www.andeangoldltd.com/