Essex cuts VMS at Bolivian project

Essex Resource (ESX-T) continues to intersect volcanogenic massive sulphide mineralization at its Miguela project in Bolivia.

The company has completed 34 drill holes in a program spanning 6,899 metres. Hole 32 was drilled to test an electromagnetic anomaly and cut two mineralized intervals at the A zone. The first interval, at 63.1 metres, graded 0.8% copper plus 0.6 gram gold and 17.2 grams silver over 2.4 metres.

The other, at 186 metres, ran 3% copper, 1.1% zinc, 1.4% lead, 0.8 gram gold and 71.9 grams silver over a core length of 0.5 metres.

Hole 37, designed to test continuity of mineralization, was drilled along strike and downdip of hole 4. It intersected 7.8 metres of massive sulphides grading 2.8% copper, 0.3% zinc, 1 gram gold and 16.9 grams silver. Hole 38 was drilled to undercut hole 19 and hit a 5.1-metre section grading 3.5% copper, 0.6% zinc, 1.8 grams gold and 16.5 grams silver.

Massive sulphide mineralization has been traced along the A-1 (west) horizon over a strike length of 550 metres and downdip for 350 metres.

Mineralization along the A-1 zone is still open along strike and at depth.

At the Bagre deposit, 1.5 km to the north, Essex has drill-tested targets coincident with two electromagnetic anomalies, about 450 metres apart. Holes 33 and 34 intersected thick sections of felsic volcanics and volcanoclastics. Sulphide intersections returned only anomalous amounts of copper gold and silver.

Results are pending for hole 35, which was drilled 750 metres northwest of holes 33 and 34.

Prospective lithology that hosts volcanogenic massive sulphide mineralization at the Miguela project’s A zone and at the Barge project can be traced for 15 km. Downhole pulse-electromagnetic surveys are being carried out at both sites. Essex controls eight concessions in eastern Bolivia.