Vancouver – The latest diamond drill results from the Frea vein are expected to boost the resources and reserves at the vein formerly known as Huevos Verdes East, on Minera Andes‘ (MAI-T) San Jose project in Argentina.
Crews drilled 10,800 metres in 43 holes at the renamed Frea vein, testing some 500 metres of its strike length to a depth of 250 metres.
Three quarters of the 24 holes assayed so far intersected high-grade gold and silver mineralization.
The highest grade intercept is 885.2 grams gold and 13,762 grams silver per tonne over 0.32 metres in hole-97, which occurs within a broader intercept of l.62 metres averaging 231 grams gold and 3,983 grams silver.
Other highlights include 8.23 metres of 7.9 grams gold and 902 grams silver in hole-55, and 5.47 metres of 43.8 grams gold and 1,860 grams silver in hole-79.
The new results will define part of the reserve which in turn will form the basis of the ongoing feasibility study for the project.
The Spokane-based company has also drilled some 14,000 metres in 85 infill holes on the main Huevos Verdes vein, which will be used to define an ore reserve, as part of the feasbilility study which is slated for completion in the second half of the year.
The Huevos Verdes and Frea veins are part of the San Jose project, jointly held by Minera Santa Cruz, the joint venture corporation co-owned 49% by Minera Andes and the remainder by Maurico Hochschild & Cia.
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