Cream confirms gold-silver zone at Nuevo Milenio

Vancouver Recent prospecting, mapping and sampling have given Cream Minerals (CMA-V) increased confidence about the grade and continuity of the Dos Hornos North zone at the Nuevo Milenio property near Tepic, in Mexico’s Nayarit state.

Recent work has focused on the Dos Hornos North zone, which consists of at least four parallel quartz breccia veins within an epithermal alteration and quartz stockwork zone measuring 100-150 metres wide.

In mid-November, the company reported that the weighted average grade of all samples taken along a 500-metre section of Vein 1 was 2.99 grams gold and 169.34 grams silver per tonne across an average width of 3.73 metres. After incorporating additional sampling results, the company reports that the weighted average of all samples taken over a 550-metre section of the vein system was 2.87 grams gold and 178.05 grams silver over an average width of 4.16 metres.

Cream notes that the property covers historic workings that are believed to be more than 150 years old. Because the workings are very narrow, most underground assays are less than true vein width.

The Dos Hornos zone has a known strike length of 2.5 km, based on geological mapping, rock and geochemical sampling, however only 550 metres of this have been sampled to date. Drilling and additional underground sampling will be required to define a resource and better determine the grades and overall continuity of mineralization.

Cream is also exploring the Goldsmith property near Kaslo, in southeastern British Columbia. The early-stage project covers historic, small-scale, high-grade gold workings hosted within a belt of altered volcanic and sedimentary rocks.

The company also holds interests in several diamond-exploration licenses in Sierra Leone, and earlier this fall was granted government approval to carry out bulk-sampling programs in two areas. One is an offshore license covering the mouths of the Moa and Mano rivers, which drain areas of diamond mining from kimberlites and alluvial sources. The other is alluvial license that covers a 10.5-km stretch along the Sewa River (and adjoining terraces and flats), about 70 km downstream of known diamond fields in the Kono-Koidu area.