Orvana drilling at Pederson property

The first four holes of a 15-hole reverse circulation program at the Pederson (formerly San Bernardino) project in Bolivia returned assays in line with surface and underground sampling.

Orvana Minerals (TSE), which has a 35% interest, is testing a 400×1,000-metre geochemical anomaly. The holes, spaced about 70 metres apart, are numbered, from east to west, as P-4, P-3, P-1 and P-2.

P-4 intersected 15.2 metres grading 1.07 grams gold per tonne at a depth of 153.2 metres, plus a further 19.8 metres grading 1.68 grams at a depth of 180.6 metres.

P-3 encountered 27.4 metres grading 1.33 grams at a depth of 107.5 metres and Hole P-1 intersected 99.1 metres grading 1.13 grams at a depth of 55.6 metres. The three holes indicate the east limb of an anticline over a width of about 200 metres; the limb remains open to the east.

P-2 tested the west limb of the anticline, but failed to return any significant values.

The west limb is identified in an adit extending from about 100 metres north of the hole to about 500 metres further north.

Results from two other fences of holes are pending.

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