SAMEX will recommence the drilling program shortly at Los Zorros in Chile for exploring several precious metal deposits in a district that comprises gold, copper, silver, and barite.
The company will conduct this drilling followed by the exploration results from the previous drilling and a Titan-24 geophysical survey that advanced understanding of the current targets of the project and also defined significant new targets. It will begin drilling at the Cinchado Project region and also at the high-priority Nora Project. Additionally, the further targets defined by current reconnaissance work and the Titan 24 geophysical survey may possibly be examined in the program shortly.
The Los Zorros property holdings comprise many project areas, which enclose around 80 km2 in a district of distributed several small prospects and mines where there were periodic attempts of small-scale copper, gold and silver production in the past. The location of the property is at the junction of the significant structural and geologic features and major copper-silver and gold mineralized regions of Milagro Pampa, Milagro, Cinchado, and Nora. Numerous other minerals are occurring at the Los Zorros property, which is to be scientifically explored by SAMEX. This exploration also includes Salvadora and Cresta de Gallo, which has barite vein systems with potential copper-gold and gold, Virgen de Carmen and Colorina that has potential gold and copper-gold and copper-silver, and La Florida and Lora containing gold and copper-gold. Besides these areas, SAMEX has an intention to extend its Los Zorros land holdings over the potential geologic features in the contiguous area.
The company is well financed to progress the exploration activities of Los Zorros’ high-priority precious metal projects and brings several further targets in the district.