Intrepid Minerals (IAU-V) has intersected impressive gold, bonanza silver and massive bornite-chalcopyrite mineralisation all in one hole at its San Cristobal project, 20 km northeast of the city of San Miguel, in eastern El Salvador.
The San Cristobal project covers 205 sq. km (six concessions) in the Jocoro mining district and the property contains four past-producers, namely: Encuentros, Hormiguero, Divisadero and Montecristo.
Two holes were drilled below the Hormiguero mine workings, which follow the Guadalupe vein.
The first, intersected 12.55 metres grading 5.52 grams gold per tonne, 129 grams silver per tonne and 5.64% copper; this includes a 7.45-metre intercept grading 7.08 grams gold per tonne, 191 grams silver per tonne and 9.49% copper.
A second hole, drilled 130 metres north of the first, intersected 8.3 metres grading 3.25 grams gold per tonne, 60 grams silver per tonne and .05% copper.
Silver values were capped at 200 grams per tonne.
Both holes intersected zones of silicification, anomalous in gold and silver, and greater than 25 metres in width. Base-metal content increased at depth. The Guadalupe vein was intersected at greater depth than expected, probably due to faulting.
Two holes were drilled 300 metres northwest of Hormiguero into the Gigante target. Wide zones (19 to 25 metres in length) of silicification and quartz veining were intersected. The best intercept assayed 1.37 grams gold per tonne, and 253 grams silver per tonne over 0.50 metre.
The Barrios concession that was formerly part of the San Cristobal property has expired.
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