Cobriza Metals has obtained results from the last four holes and has intersected further significant mineralization, containing copper, gold and silver, at the Arikepay project located in Peru.
The company encountered 0.11% copper, 1.4 g/t silver and 0.43 g/t gold over 186 m and 0.10% copper, 1.1 g/t silver and 0.32 g/t gold over 292 m in hole RC-12-ARI-011; and 0.31% copper, 1.8 g/t silver and 0.042 g/t gold over 122 m and 0.27% copper, 1.5 g/t silver and 0.039 g/t gold over 170 m in hole RC-12-ARI-013.
Cobriza Metals’ President, Michael Thicke stated that this preliminary drilling program has successfully identified a huge porphyry system that contains considerable mineralization of silver, gold and copper. Currently, the company is busily compiling and analyzing all the results to prepare and conduct a phase II exploration program at the Arikepay property.
Long significant silver-gold-copper intervals were intercepted in 6 out of the 14 holes drilled at the property. The company intersected 0.39% copper equivalent (Cu Eq) over 292 m in hole RC-12-ARI-002; 0.31% Cu Eq over 146 m in hole RC-12-ARI-003; 0.35% Cu Eq over 80 m in hole RC-12-ARI-005; and 0.51% Cu Eq over 142 m in hole RC-12-ARI-006.
The company has obtained all the results, including final drill holes, from the preliminary drill campaign at the property. Mineralized sulphide was significantly found in all holes RC-12-ARI-011, RC-12-ARI-012, RC-12-ARI-013 and RC-12-ARI-014 over their complete length. These holes differ from dominant gold to dominant copper to dominant silver. The company drilled these holes up to roughly 1.5 km from the sparsely open altered outcrop zone and collared all the holes in gravel cover except the hole RC-12-ARI-014.
Hole RC-12-ARI-012 confirmed the presence of extensive mineralized copper, mineralized pyrite in different concentrations, and moderate propylitic alteration. Cobriza has gathered various samples for petrographic analyses in order to outline alteration types.