American Consolidated Minerals has declared that assay results have been obtained from six core holes drilled at the San Rafael zone, which is located in the Sierra Rosario gold-silver project in Mexico.
International Northair Mines (Northair) is the operator of the project and is also a 50% joint venture partner of the company. It drilled 1392.15 m, totaling six diamond holes, during June 2012.
The drill program focused on the northwest part of a gold-silver geochemical soil anomaly and a coincident induced polarization (IP) geophysical anomaly. The drill holes were specifically designed to examine about one-third of the concurrent anomalies and a small part of the test region, which yielded positive values of gold and silver from surface trenching program.
The company intersected 0.287 g/t gold and 179.3 g/t silver over 7.5 m; 0.614 g/t gold and 66.7 g/t silver over 4.9 m in hole SR-003; and 0.102 g/t gold, 1.59% lead and 84.1 g/t silver over 3.35 m in hole SR-005, which is situated around 400 m towards the southeastern part of hole SR-003.
The company completed a follow-up geochemical soil sampling campaign, which is in line with the drilling at the property. This campaign was specifically designed to expand the preliminary soil sampling grid towards northeast and south in order to better outline the limits of an open-ended soil anomaly containing gold and silver and measuring up to 1,300 thick and 1,400 m long at the southeast end. The company included three lines towards the grid southeast, as significant results were not received. The former lines, which were expanded towards northeast, extended the current silver and gold soil anomalies.
Currently, American Consolidated Minerals and Northair are assessing the drill results and extra geological information to evaluate additional work at the property.
Source: http://www.americanconsolidatedminerals.com/
Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.