The latest round of drilling by
The Vancouver-based junior reports that high-grade gold was found in previously untested areas of the South Minita vein in the Central district and the Nance Dulce vein in the South district.
The first-ever hole drilled in the South district intercepted two main veins along the northwest-striking Nance Dulce vein system. A 1.64-metre intercept from this hole returned 21.1 grams gold per tonne, and a second intercept, 97 metres down-hole, returned 22.86 grams gold over a true width of 1.17 metres. Silver assays are pending.
Another hole, drilled 500 metres south of the Minita resource area, hit a 7-metre-wide vein averaging 12 grams gold and 102.4 grams silver. The intercept occurs in the Minita vein structure, which has now been traced for 5 km south of the Minita resource area.
Five holes drilled north of the Minita resource area intersected only narrow veins, whereas scout drilling in the North District and Hacienda Vieja/Gonso areas failed to hit gold mineralization.
Pacific Rim’s latest round of drilling is aimed at advancing El Dorado to the feasibility stage. Drill crews are testing strike extensions of the Minita vein deposit, which hosts a measured and indicated resource of 1.6 million tonnes grading 11.4 grams gold and 70.3 grams silver, or about 585,000 contained ounces gold and 3.6 million contained ounces silver. The company is also testing newly defined exploration targets on the property, as well as at its nearby La Calera gold project.
Pacific Rim also holds a 49% interest in the Denton-Rawhide gold-silver mine in Nevada, now in the residual leach phase.
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