At the San Martin concession in central Honduras, drilling is set to begin testing the Palo Ralo prospect, 2 km west of the newly discovered Sinter hot springs gold deposit.
The concession is held 80% by Mar-West Resources (MSR-V) and 20% by Curion Ventures (CUV-V). The 14,100-ha property covers more than 20 km of the Siria graben, a northwest-Trending regional fault structure that has been the focus of geothermal and intrusive activity.
Palo Ralo is the largest dome-shaped hill on the property, occurring in a geological environment similar to the Sinter zone. Several high-priority drill targets are defined by coinciding geochemical and geophysical anomalies.
Meanwhile, results from the first 50 reverse-circulation holes on the Sinter zone show good potential for further expansion to the south and east.
The Sinter deposit is a near-surface, blanket-like zone, which covers a good portion of the 900-Metre-diameter domal hill. The hill, which reaches a height of 170 metres, is encircled by active hot spring vents. Preliminary metallurgical testwork indicates the gold is amenable to heap-leaching.
Mar-West intends to direct further exploration at San Martin towards examining deeper targets along the structures that control the Sinter and Palo Ralo prospects.
The most recent results from the Sinter zone are as follows:
| Hole | Interval(m) | Width(m) | Gold(g/t) |
| 45 | 16.8 – 33.5 | 16.7 | 2.27 |
| 46 | 4.6 – 35.1 | 30.5 | 1.78 |
| 47 | 3.0 – 47.2 | 45.7 | 1.45 |
| incl. | 3.0 – 25.9 | 22.9 | 1.95 |
| 48 | 3.0 – 35.1 | 32.1 | 1.01 |
| 49 | 6.1 – 38.1 | 32.0 | 1.31 |
| 50 | 6.1 – 54.9 | 48.8 | 0.75 |
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