Recent drilling by Linear Gold (LRR-T) has intersected long zones of gold and silver mineralization at the Ixhuatan project in Chiapas state, Mexico.
Four recent holes on the Campamento prospect, one of seven exploration targets on the property, returned long intervals of consistent gold and silver grades. The best intersection came from hole IX-26, which was mineralized for all its 100.3-metre length, averaging 12 grams gold and 63.7 grams silver per tonne.
IX-26 was drilled vertically, about 30 metres southwest of an earlier hole, IX-20, which had intersected 60 metres with an average grade of 9.5 grams gold and 27.4 grams silver per tonne.
Four other vertical drill holes encountered a similar style of mineralization, consisting of stockwork veinlets 1 to 2 mm wide and disseminated sulphides in a Tertiary-aged andesite volcanic breccia. Linear says the intersections seen in the core suggest a gently northwest-dipping mineralized zone, which in turn would mean that the holes are cutting a nearly-true thickness in the zone, and not going down the dip of a mineralized structure.
About 100 metres to the north of IX-26, hole IX-25 cut a 103.6-metre intersection grading 1.6 grams gold and 5.3 grams silver per tonne, and like IX-26 started and finished in mineralization. IX-25 was spotted between hole IX-12, where a 52-metre section high in the drill hole averaged 5.2 grams gold and 17.1 grams silver per tonne, and hole IX-15, where a 54-metre section at depth ran 2.1 grams gold and 14.6 grams silver.
A hole drilled between IX-25 and IX-26 cut 78 metres grading 2.8 grams gold and 16.7 grams silver per tonne, including a 12-metre interval that ran 9.6 grams gold and 36.7 grams silver (and a 4-metre zone of no core recovery). About 50 metres to the southeast, another hole intersected 108 metres grading 3.5 grams gold and 12.3 grams silver per tonne.
A fifth hole intersected two narrow mineralized zones of lower grade. Samples from three more drill holes are at the laboratory.
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