Linear Gold defines Campamento

Linear Gold (LRR-T) has intersected significant gold at its Ixhuatan project, 5 km east of Rayon in northern Chiapas state, Mexico.

The drilling was highlighted by hole 56B, which cut 356 metres grading 1.3 grams gold and 4.6 grams silver per tonne starting at a down-hole depth of 8 metres. The true width is estimated to be 60-70 metres. Included were two areas grading 2.8 grams gold and 11.9 grams silver at 160-192 metres down-hole and 3.1 grams gold and 5.8 grams silver at 300-364 metres down-hole. The latter interval also included 32 metres grading as high as 4.9 grams gold and 6.5 grams silver.

The company is still working out the geometry of the deposit. A couple of holes cut mineralization at oblique angles of about 45, and true width is significantly less than the down-hole length.

Hole 66 cut 192 metres grading 1.2 grams gold and 4.5 grams silver. True width in this case is estimated at 35-40 metres. Included in this interval were 2.3 grams gold and 5.6 grams silver at 16 metres down-hole.

Another hole intersected three intervals grading 1.1-1.8 grams gold and 4.3-6.1 grams silver over widths of 4-30 metres at 44-176 metres down-hole.

Hole 62 cut up to 0.2 gram gold and 1.7 grams silver, whereas hole 63 failed to cut significant grades.

Mineralization is hosted by a northeast-trending, subvertically dipping fault zone. Calcite-quartz-clay stockwork veinlets crosscut brecciated andesite.

Drilling indicates the structure is up to 120 metres wide and has a strike length of at least 200 metres.

The company has picked up more ground to the west, north and south, more than tripling the size of the project area, which now stands at 980 sq. km.

Assays are pending for four holes.

Print

Be the first to comment on "Linear Gold defines Campamento"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close