Estrella Gold has declared the drilling results from the core program recently completed at the La Estrella gold-silver project, which is situated in the Central Peru polymetallic belt.
The exploration campaign is being funded by Mines Management, which may earn a 75% interest in the project.
Eight holes, totaling about 2,700 m, were specifically designed to examine the southwest level of a huge mineralized zone containing gold and silver. This zone stays exposed towards west, north and south. Seven holes out of eight returned mineralized gold and silver, whose width exceeds 100 m.
Prior drill program conducted on the property, which included 33 holes in about 5,800 m, encountered mineralization of roughly 1,800 m long along strike. The popular mineralization outlines a tabular, stratabound zone, dipping towards west, up to 200 m wide. The property houses an epithermal volcanic-hosted gold-silver system together with related mineralization bearing base metal in north-south trending graben.
Eight holes were recently drilled to depths that range from 200 to 509 m. Extensive mineralization of gold and silver was intercepted in seven holes along with mineralized intervals that range from 93 to 201 m. Drill holes were specifically spaced along strike of 500 m long and 300 m thick.
Mines Management carried out adequate activities and expenses to complete the work commitments and is happy to note that results need further exploration. These results are being analyzed, interpreted and modeled. Exploration campaigns in future will mainly aim to outline the La Estrella mineralization level, to trace the level and orientation of high grade silver structures and veins, to perform enough infill drilling for strict resource estimation, and to incorporate further geophysical and metallurgic studies.
Source: http://www.estrellagold.com/
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