A 12,000-ft. drill program is testing five separate gold skarn targets, identified by geophysics and surface sampling, on the Hachita property in the southwest corner of New Mexico.
The 24-hole program will be operated by the U.S. exploration arm of CSA Management/Goldcorp, which is earning a 50% interest from Champion Resources (VSE) by spending US$750,000. (About US$600,000 has already been spent.) Seven holes will test the Stone Cabin Gulch area where structurally controlled gold-bismuth-arsenic skarn surface showings graded up to 0.49 oz. gold per ton. Another 10 holes will test individual targets within two large airborne resistivity anomalies, while three will test the Gold Hill mine area, where an induced polarization anomaly coincides with gold soil anomalies. Four holes will test the Santa Maria prospect where gold-copper skarn is reported to occur in the footwall of a major thrust fault. The goal is to prove up a bulk-tonnage, gold-skarn deposit similar to Fortitude in Nevada and Crown Jewel in Washington state. The property covers more than 16 sq. miles and contains 15 small former gold mines as well as several placer deposits.
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