Britannia Gold (BGP-V) is preparing to drill-test a gold anomaly at its Sabrina prospect, 25 km south of the Pierina gold deposit in Peru.
According to the Vancouver-based junior, work to date on the 11,700-ha project has identified an anomalous zone measuring 1.6 km long and more than 300 metres wide. More than 1 km of that target is geochemically anomalous.
The anomaly is in the Yungay-Huaraz gold belt, within the lithologic horizon of the Calipuy volcanic formation — the same formation that hosts the Pierina and Yanachocha gold deposits.
Results of a geophysical program will be used to refine drill targets.
Britannia is exploring other gold projects in Latin America, including the Columbia project in Peru and the Xochipala property in Mexico, where drilling is scheduled to begin soon.
Meanwhile, Britannia is conducting a due diligence review of a producing, open-pit, heap-leach gold mine. Should results prove positive, the company will negotiate to acquire the project.
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