Vancouver — Junior
Since April, Francisco has drilled 25 holes totalling 2,480 metres. The results suggest that the Main zone extends for at least 400 metres in a northeasterly direction and is about 350 metres wide.
Mineralization remains open in all directions.
The program is designed to test the extent of mineralization south, east and west of the Main zone and to evaluate the Don Tello structural corridor.
The Main zone is a low-sulphidation, epithermal gold-silver system hosted in a Tertiary-aged andesitic volcanic package cut by latite dykes. It sits atop a 1.5-km-long ridge that trends east-west at elevations of 2,200-2,300 metres.
The Don Tello-Los Tomates structural corridor lies 200-300 metres south of the Main zone and extends for a distance of more than 1,200 metres. It is dominated by a central, sub-vertical quartz-calcite vein and marginal stockwork envelope.
The most recent results confirm that high-grade gold-silver mineralization continues south and west of the Main zone, as well as to depth along the Don Tello corridor. Recent highlights include:
– hole 25, which cut 38 metres grading 2.58 grams gold and 42.3 grams silver per tonne, including an 18-metre section of 5.27 grams gold;
– hole 26, which cut 53 metres grading 2.2 grams gold and 44.5 grams silver, including 9 metres of 6.39 grams gold;
– hole 27, which cut 51 metres grading 2.63 grams gold and 58.2 grams silver, including 3 metres grading 25.31 grams gold and 317.7 grams silver; and
– hole 28, which cut 152 metres grading 1.13 grams gold and 47.2 grams silver.
Drill results from holes 26 and 28 indicate that the southern edge of the high-grade Main zone extends for an additional 150 metres to the southeast. Holes 25 and 33 extend mineralization in the Main zone an additional 50 metres to the northeast. Additional holes were completed, results from which are pending.
Holes 32 and 34 were drilled directly northwest and west of the Main zone. They intersected near-surface high-grade intervals of mineralization more than 40 metres thick and expanded the Main zone to the west by about 50 metres. Francisco believes mineralization is continuous farther to the northwest and west of the tested area. Additional drilling will examine this theory.
Hole 29, the first of six holes drilled along the Don Tello structural corridor, was collared 200 metres south of the Main zone. It intersected a 14-metre mineralized zone (approximate true width). The indication is that mineralization extends from surface to a depth of at least 45 metres. The company has drilled five more holes along a 400-metre strike length of the corridor.
Francisco also reports that rock channel samples from a drill road returned a 40-metre interval that averaged 2.6 grams gold and 34.3 grams silver. These results were taken form a previously untested area southeast of the Main zone.
Additional drill and trenching results are expected in 3-4 weeks.
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