Exploration of El Dorado, a gold project in El Salvador, is continuing with a team of four geologists and three drill rigs.
Mirage Resources (VSE), Bethlehem Resources (TSE) and Dejour Mines (TSE) are working the 49-sq.-km concession under a 50-25-25 joint venture. The partners expect to spend $1.8 million during the current 6-month program. Several targets have been outlined and expanded, including both bulk-tonnage and narrow, higher-grade gold mineralization.
Exploration on the southeastern portion of the property identified extensive surface and near-surface gold mineralization in the zone known as El Plan de Las Minas.
Initial sampling from veins on the zone returned values of up to 9.1 grams gold per tonne.
Sampling from trenches covering an area measuring 300 by 200 metres returned a 20-metre interval grading 5 grams and a 47-metre interval grading 1.35 grams in two separate trenches. Further trenching is planned, to be followed by drilling.
Trenching is also planned on the San Francisco area, in order to test the strike extent of mineralization mined between 1948 and 1953. The main El Dorado veins project into an area measuring 900 metres by 500 metres and several sheeted vein zones have been identified within a strong zone of alteration.
Additional drilling on the Nueva Esperanza vein system returned a 3.5-metre intersection grading 2.57 grams gold and 24.07 grams silver. The joint venture is compiling a resource estimate for Nueva Esperanza based on 13 holes, but, at present, no further work is planned for the zone. Meanwhile, drilling continues on the Coyatera North area in an effort to test the remaining 500 metres of strike length.
Recent results include a 4-metre intersection grading 3.97 grams gold and 36.56 grams silver in Hole K94-35 and a 3.4-metre interval in Hole K94-39 grading 8.04 grams gold.
Other targets will be drilled in a future program.
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