Auracle Resources has reported the final assay results of the phase I diamond drill program that was conducted at its Mexican Hat gold project, which is situated 110 km towards the southeastern part of Tucson in Arizona.
A total of 19 holes were included in the drilling program that was specifically designed for examining the Mexican Hat region. This Mexican area has enclosed the non 43-101 complaint resource region, which is outlined by Placer Dome, and potential expansions of mineralization towards the east and the south.
It was difficult to drill at the area and was challenging to perform core recovery all through the drilling program. The diamond drilling results obtained were less in most of the areas, when compared to the previous reverse circulation (RC) results.
The company has identified the mineralized gold occurrence, through the assay results received from within and around the previous resource region and areas of up to 1000 m towards the south and up to 150 m towards east. There is a possibility for additional mineralization that stays exposed towards the down dip and the south.
Auracle conducted additional sampling and assaying on these holes MH 001, 002 and 003, where positive results were encountered, in order to potentially expand intercepts discovered on these holes.
The company drilled the holes from MH 11-10, 11, 12, 13, 15, 16, 17 and 19 towards the resource area’s eastern part and encountered considerable alteration. There is necessity for additional work to determine whether the eastern limit of mineralized gold has been identified.
The next drilling phase has been planned at the project. The RC drilling expands the historic resource region and extends the zone towards south.
Source: http://www.auracleresources.com/