Southern Silver Exploration has completed the phase II drill program at the Oro project in New Mexico.
The company drilled four core holes of 1,697 m, at the project. Three holes examined the system to a depth of more than 400 m along a strike of length 3.5 km and in an invasive hydrothermal alteration region of over 5 sq. km., which is situated in the previous polymetallic Eureka Mining District. A fourth hole focused on the depth projection of a high-grade, surface exposed mineralized formation.
The company’s drill program has cut broad pyritic intervals and less base-metal sulphides in many holes that are connected with skarn, pyritized and silicified hornfels, and altered invasions. It has continued hole logging and sampling. The company is waiting for the assay results. Final targets for the upcoming drilling and exploration at the Oro project will be expanded, once the results are obtained and compiled.
Lawrence Page, President of Southern Silver, commented that the hole’s geologic features are strongly positive and continue to outline a hydrothermal system, associated with strong intrusion, which has high potential for the copper and gold deposit discovery.
This Oro project has included 17.2 sq. km., which is an adjacent block of State, Federal, and Private land, in the previous Eureka mining district, southwest New Mexico.
Source: http://www.southernsilverexploration.com/