Northern Crown Mines (NEW-T) has announced encouraging results from the first hole in a program of renewed drilling at the Guadalupe de los Reyes project in Mexico.
The hole was drilled east of areas of previous drilling.
Hole 62 intersected 33.5 metres grading 3.9 grams gold and 173.3 grams silver per tonne. The mineralized section included 12.2 metres grading 4.28 grams gold and 187.4 grams silver, plus 13.7 metres of 5.6 grams gold and 252.3 grams silver.
The gold-silver mineralization is hosted in a quartz stockwork at the contact zone of a dacite porphyry stock with andesite volcanic rocks. The hole is a 100-Metre stepout situated east of the Laija area, which previously was tested by holes 1 to 19 and 40 to 55.
The company says the recent drilling confirms the eastward continuation of bulk tonnage gold-silver mineralization at the Guadalupe Mine zone. It hopes to prove up a gold resource of 1 million oz. at the project.
The nearby San Manuel vein, a narrow, branching structure, was tested by holes 56 to 61.
Hole 58 intersected 1.5 metres of 21.08 grams gold and 507.5 grams silver.
All other holes that intersected the vein returned less than 1 gram gold per tonne.
The Guadalupe property takes in 59 sq. km of the Sierra Madre, within Sinaloa state.
Drilling continues at the Zapote North deposit, with assays received for holes 165 to 178. All holes returned intercepts grading more than 1 gram gold per tonne, except hole 172, which intersected 7.7 metres grading 0.9 gram gold and 17.8 grams silver.
Highlights include: 7.6 metres from hole 165 grading 3.57 grams gold and 26.9 grams silver; 10.7 metres from hole 178 grading 4.34 grams gold and 21 grams silver (including 3.1 metres of 12.66 grams gold and 43.1 grams silver); 24.4 metres from hole 167 grading 1.22 grams gold and 10.3 grams silver (including
3 metres of 7.39 grams gold and 23.1 grams silver); 19.8 metres from hole 171 grading 1.85 grams gold and 12.5 grams silver (including 3 metres of 5.36 grams gold and 23.4 grams silver, and 3 metres of 2.16 grams gold and 21.6 grams silver); 4.6 metres from hole 175 grading 2.54 grams gold and 40.3 grams silver; and 21.3 metres from hole 176 grading 1.74 grams gold and 16.9 grams silver, plus 12.2 metres of 2.76 grams gold and 20.8 grams silver.
Assays are pending for another 15 holes.
In the current year, Northern Crown plans to spend $5.5 million on drilling, road building and exploration.
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