Oct 17 2011
Guerrero Exploration Inc. has announced drill results from the 2011 drill program at Chapalota, Sinaloa, Mexico.
Significant gold and silver mineralization was intersected in five out of the nine drillholes of the program. Gold was intersected in the subsurface beneath and along strike of both the Leonas and Habas zones targeted by the drill program. The nature of the gold and silver mineralization as observed from geological logging of the drillcore and from associated trace element alteration geochemistry is consistent with that of an orogenic gold mineralized system.
At the Leonas target, gold was intersected in quartz veining and fault breccia at depth below and along strike 125 m to the south of the outcrop previously reported as returning rock chip assays up to 32.1 g/t Au. A further 900 m to the southeast along the structural corridor drillhole CH-11-07 returned a 30 cm interval @ 101.5 g/t Au from 165.5 m downhole.
At Habas zone an interval of deeply weathered, silicified brecciated intrusive returned 70.2 m @ 11.0 g/t Ag with low level Au associated with it.
Highlights from this series include:
Drillhole CH-11-02: 1.6 m @ 4.02 g/t Au, 1.5 g/t Ag from 20.3 m, incl. 0.4 m @ 11.4 g/t Au.
Drillhole CH-11-07: 3.0 m @ 11.6 g/t Au, 3.3 g/t Ag from 164.8 m, incl. 0.3 m @ 101.5 g/t Au.
Drillhole CH-11-08: 70.2 m @ 0.05 g/t Au, 11.0 g/t Ag from 0.0 m, incl. 2.6 m @ 52.0 g/t Ag.
David Stadnyk, President & CEO of Guerrero Exploration Inc., stated: "We are very excited about the drill results from the Chapalota property. The drill program achieved exactly what we set out to do and that was to prove that gold mineralization persists at depth along structures mapped by the soil geochemistry at surface. A result of 101.5 g/t certainly merits following up and the focus of our exploration team will be to expand on these results with further drill testing to define the continuity of the mineralization".
Chapalota Gold Project:
Guerrero Exploration Inc. is earning a 70% interest in the Chapalota Gold Project through a Joint Venture Agreement with Riverside Resources Inc. The project is located in the highly productive Western Gold Belt on the western side of the Sierra Madre Occidental Region of Mexico and offers the opportunity for Orogenic Gold mineralization.
Source: www.grxpl.com