Drilling is planned in October for the Guadalupe gold prospect owned by Northern Crown Mines (VSE) in the Sonora gold district of Mexico.
Surface exploration identified gold mineralization in several wide quartz stockwork zones overlying underground workings which are reported to have produced more than 8,000 kg gold.
Limited drilling and sampling was concentrated within a 400-metre section of the 2-km-long Zapote zone. The drilling tested the zone to a depth of about 200 metres, with the top 100 metres demonstrating open-pit potential. Preliminary estimates of a drill-inferred resource in the Zapote zone put the total at about 1.75 million tonnes grading 2.9 grams gold per tonne. Planned work for the Zapote zone includes further definition and step-out drilling along strike.
Teck had an option to earn a 50% interest in the property but dropped it earlier this year.
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