Lago Dourado Minerals has reported the first assay results from the 18,000m Phase I drilling at its Juruena gold project in Mato Grasso, Brazil. The company has intersected 1.10 g/t gold over 46.5 metres from surface in Hole JRND001 and 2.49 g/t gold over 10 metres from surface in Hole JRND007.
The key purpose of the first drill holes at Crentes was to better understand the controls and distribution of mineralized gold at the property. The company has begun drilling on December 2010 and a Canada-based geophysical consulting company, TerraNotes has finished the geophysical analysis of the property. TerraNotes has found several high priority targets on the contact zones of the chief magnetic bodies. Also, these contact zones overlap with gold-in-soil and radiometric anomalies. Primarily, the three rigs will concentrate on the Querosene zones, Jacare and Noventa Graus.
The company has encountered potential mineralization during the early phase of the 18,000-metre drilling. These numerous targets are analyzed to expand the known mineralization and this drilling will be continuing through spring and summer.
Currently, Lago has completed drilling 13 holes across four lines around 100 metres apart. Assays from the initial three lines have encountered significant gold grades. Four kinds of mineralization such as hydrothermal breccias, scattered sulphides in extremely distorted Granite, stockwork quartz layers and shear zone-hosted in these drill holes. The high-grade gold mineralization stays open along strike and at depth.
Source: http://www.lagodourado.net/