A recently completed drilling program on the Middlemarch project in Cochise Cty., Ariz., returned mixed results for Toltec Resources (VSE) and Westpride Industries (VSE).
Toltec can earn a 60% interest in the property from Westpride by spending a total of US$2.1 million over the next two years.
The first three holes of the 1992 program tested the downdip extension of mineralization and alteration encountered in the Missouri No. 3 pit. The third hole had to be abandoned because of bad ground conditions. The next four holes were drilled in the China Peak area to test a zinc-mineralized alteration zone associated with the old San Juan mine. Toltec, the operator of the program, also conducted a detailed geological mapping and rock sampling program over the China Peak and Missouri-Cobre Loma areas to identify other zinc-copper scarn targets. The program also evaluated outcrops within a 3,700-ft.-long IP geophysical anomoly.
The China Peak area produced the best results from the surface program, with chip sampling along 5-ft.-thick lens of mineralized skarn returning an average of 5.22% zinc over a length of 34 ft.
Toltec does not plan to conduct any further drilling on the property at this time.
Be the first to comment on "U.S. REPORT (April 06, 1992)"