Mammoth Resources, a mineral exploration company, has provided an update on its Urique property located in Mexico. The firm has begun its exploration program, which is concentrating on mapping and sampling work at the San Pedro target in Urique South and Urique North as per the suggestions given in the Urique Project NI 43-101 technical report in December 2011.
Assay results from the San Pedro target have identified a number of fresh zones of gold mineralization and further improve the possibility of identified zones, based on the work performed by Yale Resources in the past. Anomalous gold values have been discovered across a region measuring 1400x1000 m. Overall, 121 rock chip samples were obtained at the entrance of hand-dug trenches and small mine workings during the preliminary phase of work. So far, just 50.6 m have been sampled along certain trenches as sampling was done on wall rock and quartz veins. In addition, several trenches required further sampling.
At the San Pedro project, silver and gold exist in low sulfidation style mineralization consisting of quartz veins or minor shear zones and stock work zones, related to felsic dykes occurring in modified volcanic rocks.
The company conducted a field work in the southern part of the Urique property about 9 km southeast of San Pedro target, in January with 93 rock samples obtained from prior discovered targets. The entrances to a number of mines, including the Texcalama, Rosario and Mina Feliciano mines, have been cleared for mapping and sampling work.
Mapping and sampling have been conducted at La Patricia, and two hand-dug trenches adding up to 138 linear metres have been sampled across the structure and its extension.
Present work in Urique South will make a geological database and also examine a number of other targets and prospects situated in the southern part of the Urique property adjoining Goldcorp's El Sauzal property. The company will also investigate the Urique Target region that comprises more than 20 mines.
Source: http://www.mammothresource.com/