Fortunate Sun Mining has declared that a diamond drill campaign has been completed at the company’s Golconda gold project, which is situated in Mexico.
The company may spend $2,500,000 to explore the Golconda project and may possibly earn a 100% interest in the same project from Minera Coplau. It has made share and cash payments to Minera Coplau over a period of four years.
The company carried out diamond drilling for 731 m, totaling nine HQ holes. These drill holes were specifically designed to support due diligence drill program in order to validate the previous intercepts and to examine a gold epithermal vein system in different depths. A number of stockwork segments and quartz veining were examined and intersected through drilling. These segments were found along a strike length of around 130 m and down to around 75 m in vertical depth. Several mineralized pyrite-quartz zones were encountered in many drill holes. Currently, Fortunate Sun is carrying out the logging process and submitting samples for assaying at Hermosillo-based prep lab.
According to Fortunate Sun’s Vice President of Exploration, Kristian Whitehead, the preliminary drilling campaign will offer major advantages to the company’s present insight about the system’s mineralization and the property’s structural analysis, especially the Golconda vein.
The company will announce the assay results of these core drill holes, once they are obtained and interpreted.
Source: http://www.fortunatesunmining.com/
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