Teras Resources has reported additional assay results from the drilling campaign performed at the Cahuilla gold-silver project, located in California.
The major part of drilling was specifically carried out along the borders of the popular mineralization containing precious metal and strives to considerably increase high-grade and dispersed gold-silver mineralization into unproven regions. The company started exploration drilling in areas where there was minimal to no drill data and the program successfully intercepted extensive precious metal mineralization that outlines a fresh target.
The company drilled hole CAH-244 for over 200 m towards the southeastern part of the key mineralized zone and encountered both high- and low-grade mineralized gold. It intersected 24.01 g/t gold over 1.5 m and 0.62 g/t gold over 29.0 m in hole CAH-38. As these two holes returned high-grade veins of gold and dispersed mineralization, the company has intended to drill more holes in this region in order to explore and extend this newly outlined exploration target.
Hole CAH-259 was specifically drilled in the prominent mineralization area, wherein many historic holes were concluded at relatively near-surface depths in anomalous mineralization of gold and silver.
A wide moderate-grade gold mineralization zone, together with high-grade veins, has been shown through the assay results from CAH-259. These high-grade veins expand much below the results obtained in the previous drill holes. The company will plan for further drilling for this region in order to target further increasing precious metal mineralization.
This Cahuilla project is a huge paleo-hot springs, epithermal system that houses several high-grade veins, which exist in a broad dispersed gold-silver mineralization body. Nevada-based Inspectorate Laboratory performed the assay program for the reverse circulation samples.
Source: http://www.teras.ca/
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