Farallon Resources (FAN-T, FRLLF-O) has extended the southeastern zone of its G-9 polymetallic deposit, in Guerrero state, Mexico, after drilling 14 new holes at its Campo Morado project.
Hole 634, which was drilled to a depth of 488 metres, returned a 6-metre intersection grading 1.82 grams gold per tonne, 157 grams silver, 2.45% copper, 2.91% lead and 23.47% zinc.
Another section of hole 634 returned 9.6 metres grading 12.24 grams gold, 731 grams silver, 0.33% copper, 3.06% lead and 5.39% zinc.
A 10-metre intersection from hole 639 returned 2.03 grams gold, 234 grams silver, 2.61% copper, 2.51% lead and 19.08% zinc.
And a 5.8-metre intersection from hole 642 averaged 0.89 gram gold per tonne, 167 grams silver, 3.25% copper, 0.88% lead and 21.78% zinc.
The intersections were between 327 and 488 metres depth.
Farallon says a trend of localized concentrations of high-grade precious metals seems to be emerging at G-9.
Farallon president and CEO Dick Whittington says the precious metal zones would add significant byproduct credits to any future mine production.
“These infill holes will continue to be the highest priority of our ongoing drilling program,” Whittington said in a statement. “However, before the end of September, we hope to also be exploring north of the San Raphael fault once again.”
Using a 2% zinc cutoff, G-9 has an inferred resource of 5.6 million tonnes grading 2.8 grams gold per tonne, 186 grams silver, 1.3% copper, 1% lead and 7.3% zinc.
The company hopes to bring an underground mine with decline access into production by mid-2008.
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