Gold system found at Las Flechas in Argentina

Drilling at the northwestern Argentine project known as Las Flechas may have encountered the edge of a large, high-sulphidation, epithermal gold-bearing system.

Comprising 30,229 ha in the Andes, the project is owned by Minas Argentinas, or MASA. That company, in turn, is owned equally by Oro Belle Resources (ORS-V) and Ima Resource (IRU-V).

MASA drilled 16 core holes totalling 1,791 metres near two previously identified anomalous gold zones.

Highlights include holes 2, 3, 4 and 7, each of which included near-surface intervals longer than 7 metres grading 0.5 gram gold per tonne, with silver grades ranging from 21.5 grams to more than 200 grams.

Anomalous gold (more than 100 parts per billion) was encountered in 14 of the holes, and 11 contain significant base metal values with intervals grading up to 6% zinc, 1% lead and 0.4% copper.

Two previously identified areas of alteration and geochemical anomalies, the Central and South zones, were drilled. A new target in the Central zone appears to be associated with a topographic high that hosts a large alteration anomaly north and east of the current drilling. A follow-up program is planned.