Geomaque expands Honduran deposit

Geomaque Explorations (GEO-T) has extended the San Juan zone as a result of drilling carried out on the Vueltas del Rio gold project in northwestern Honduras.

Drilling began in February in the eastern part of the San Juan zone, stepping out to the west with holes averaging 90 metres in depth to determine the extent of sulphide mineralization. The latest results confirm the continuity of oxide mineralization to the east along strike.

Holes V-41 to V-58 are primarily shallow infill holes stepping back eastward along strike to examine oxide mineralization. Multiple oxide intercepts were encountered in most holes. Significant values include, 20.5 metres grading 2.7 grams gold per tonne in hole V-42; 36 metres grading 1.56 grams in hole V-43; 24.5 metres grading 1.22 grams in hole V-44;, 26 metres grading 2.21 grams in hole V-46; 13 metres grading 2.4 grams in hole V-47; 19 metres grading 4.27 grams (cut grade 3.64 grams) in hole V-51; 11 metres grading 5.02 grams in hole V-52; and 34 metres grading 1.14 grams in hole V-53.

Holes V-41 to V-58 ranged between 40 and 70 metres in depth. However, Geomaque reports that some deeper holes indicate significant exploration potential in the sulphide mineralization at depth, notably hole V-42 with 18 metres grading 1.01 grams gold per tonne between 107 and 125 metres; and hole V-55, which intercepted 27.5 metres grading 2.82 grams gold between 103.75 and 131.25 metres.

“The results we are receiving from the San Juan zone continue to confirm our interpretation of the deposit, and indicate that the gold in the sulphide mineralization previously encountered continues consistently in the near-surface oxide zone,” says Phillip Walford, vice-president of exploration.

Geomaque’s initial program in the San Juan zone is now finished, with a total of 94 holes completed. Drilling is ongoing in the eastern part of the Main zone.