EXPLORATION – Sulliden drills Las Hualquillas

Sulliden Exploration (SUE-M) has completed two diamond drill holes in the El Huabo and Cementerio sectors of its Las Huaquillas property in the Cajamarca department of northern Peru.

In the El Huabo sector, hole 16 tested the southwestern end of the mineralized zone hosting the Los Socavones epithermal gold-silver deposit. Preliminary work in this sector identified a gold-in-soil anomaly, an induced-polarization anomaly, and the presence of epithermal-type, low-sulphidation mineralization.

Hole 16 intersected 32.5 metres (from 167.45 metres) grading 0.6 gram gold and 2.1 grams silver per tonne plus 0.09% zinc, including 3.35 metres of 2.1 grams gold, 9.9 grams silver and 0.62% zinc. Mineralization is associated with hematized and chloritized fault zones characterized by intense brecciation and a stockwork of quartz-calcite-pyrite-sphalerite veinlets in volcanic rocks.

Sulliden says this hole shows that the gold-bearing structure continues for at least 2 km and remains open to the southwest.

Hole 20 tested a well-defined gold-in-soil anomaly on the edge of the Cementerio copper-gold porphyry system. This hole intersected alternating epidotized and carbonatized massive diorite, as well as strongly sericitized and argilitized brecciated diorite.

The complete 287-metre length of hole 20 returned 0.16 gram gold, 2.3 grams silver, 0.06% copper and 0.13% zinc, including a 25.7-metre section of 0.4 gram gold, 4.1 grams silver, 0.16% copper and 0.19% zinc.

Five other holes have been completed in the San Antonio sector, where porphyry copper-gold mineralization was discovered last year. Results are to be released soon.

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