Trenching on the Gaspar property in west-central Cuba is revealing a significant zone of gold mineralization.
Four trenches have been excavated on the property, which is a 50-50 joint venture between KWG Resources (TSE) and Cuban state-owned Geominera. Trench 1 returned average values of 2.1 grams over 250 metres, including an 8-metre interval averaging 29 grams gold per tonne. Geochemically anomalous values in Trench 1 extend a further 86 metres to the north and 125 metres to the south, in areas as yet unsampled.
The other trenches returned 3.79 grams gold over 166 metres, 1.35 grams over 58 metres and 1.5 grams over 58 metres.
The trenches are the first of eight that are testing the 10-km-long Gaspar zone, where microfracturing in the host volcanics is associated with epithermal gold mineralization. The gold appears to be concentrated in the matrix of rhyolite-dacite breccia, with the amount of gold proportional to the degree of brecciation. These early results confirm earlier geochemical test results.
KWG is also carrying out soil geochemical sampling and rock sampling, and has started a 3,000-metre program of diamond drilling.
At presstime, KWG shares had hit $14, after having traded at $7.50 the previous week.
Be the first to comment on "KWG preparing to drill Cuban property"