Toronto-listed Greenstone Resources (TSE) is encouraged by a 2,500-metre program on its San Andres gold project in Honduras.
The drilling was carried out to prove up the known resource, which stands at 5.6 million tonnes grading 3.2 grams gold per tonne, as well as to test a new target.
Twenty-eight holes were drilled adjacent to, and east of, the current open-pit workings. All of the holes intersected near-surface mineralization, the best result being 4.4 grams over 99.1 metres. Six other holes intersected thicknesses in excess of 30 metres, with grades greater than 2.8 grams. Reserves will be recalculated accordingly.
As well, Greenstone completed bottle-roll tests on drill cuttings and found gold recoveries averaged 83%. This indicates the material drilled has metallurgical characteristics similar to those of ore at the adjacent heap-leach operation.
On another part of the concession, two exploration holes encountered anomalous mineralization. The first intersected 0.5 grams over 145 metres, while the second averaged 0.5 grams over 55 metres.
Greenstone hopes to increase its interest to 70.25% from 51% by spending US$1 million over five years. As well, the company is positioning itself to acquire a further 20.75%, which would increase its ownership to 91%.
Be the first to comment on "Greenstone gets San Andres results"