LATIN AMERICA — Drilling results mixed at Albino concession

Drilling on the Albino concession in Venezuela’s Kilometre 88 district has returned mixed results for joint-venture partners Eurus Resource (VSE) and Crystallex International (VSE).

Drilling was focused on the La Conductora shear zone, now drilled over a strike length of 328 ft. Hole 93-8 returned two feet of 4.82 oz. gold per ton from 55.1 to 57.1 ft., and a 12.5-ft. interval of 0.31 oz. gold from 157.4 to 169.9 ft.

Hole 93-9 returned 9.8 ft. of 0.05 oz. gold from between 101.4 and 111.2 ft., while hole 93-10 returned 13.7 ft. of 0.22 oz. gold from 126.3 to 140 ft. Drilling on the La Conductora shear is revealing a shallow-dipping structure which pinches and swells and varies in grade. Additional drilling is planned along strike and downdip to define more shallow, open-pittable, oxide gold reserves.

Crystallex has granted options to four juniors controlled by Murray Pezim to earn interests in the El Tigre concessions in eastern Venezuela. The companies are Double Down Resources (VSE), Eaglecrest Explorations (VSE), Silverstone Resources (VSE) and Shorewood Explorations (VSE). These concessions, to be divided into five units, are in the Botanamo-Bochinche area, which has a history of alluvial and vein gold mining. The region is in the same Precambrian greenstone belt as El Callao, the district which accounts for most of the country’s current hardrock gold production.