Junior Sulliden Exploration (SUE-M) has kicked off the first phase of an exploration program on Las Huaquillas, a gold-silver property in northern Peru.
Two drills are being employed to complete a 5-hole, 1,500-metre program on the Socavones zone. The primary objective of this initial $700,000 program is to verify the thickness and lateral continuity of the zone.
Reserves of 2.5 million tonnes grading 2.69 grams gold and 27 grams silver per tonne were established through drilling and underground drifts by state-owned Minero Peru in the late 1980s.
According to Kilborn SNC Lavalin, which reviewed the project’s technical data, the Socavones zone extends over more than 500 metres and has an average width of 23 metres. Underground drifts excavated on four levels indicate a vertical continuity exceeding 200 metres.
The Socavones zone is thought to consist of an epithermal-Type auriferous zone with lateral and depth extensions that are still open. The total width has yet to be defined.
The structure follows a northeast-southwest structure more than 2.5 km long.
Along this structure, several other mineralized zones have been discovered over the past year, the largest of which, El Huabo, is 2.5 km from the Socavones zone. El Huabo consists of a series of high-grade hydrothermal veins.
Sulliden plans to excavate trenches at 100-metre intervals to try to link up each of the zones already identified and to evaluate their potential.
Drill hole and trench locations will be determined using
induced-polarization, resistivity and magnetic survey data. Drill results should be known by the end of April.
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