Southern Rio Resources (SNZ-V) has released encouraging drill results from an infill drill program on the Ted Vein, an epithermal gold-silver vein on the company’s wholly-owned Tam Property, located 125 km southwest of Vanderhoof, British Columbia.
Earlier drilling on the Ted Vein returned a number of potentially economic gold-silver intersections within zones of silicification and quartz veining over true widths of up to 14 metres and along a strike length of approximately 250 metres.
The current drilling is designed to extend and better define the Ted Vein mineralisation, and facilitate the calculation of an inferred mineral resource.
Results from the first two holes of the program are listed below. True widths are estimated to be 75-80% of the downhole interval listed.
- Hole TT 03-28 cut 5 metres in a hanging wall vein that averaged 1.88 grams gold and 16.1 grams silver, starting 146.0 metres down-hole. The hole then intersected the Ted Vein at a depth of 153.4 metres down-hole and returned an 11.5 metre section averaging 3.22 grams gold and 86.1 grams silver. This included a 5-metre section that averaged 6.51 grams gold and 173.5 grams silver.
- Hole TT 03-29 was collared midway between previously drilled sections spaced 50metres apart. Drilling intersected the Ted Vein at a down-hole depth of 117.32 metres. Assays returned a 17.05-metre interval that averaged 3.84 grams gold and 364.6 grams silver. This included a 10-metre section averaging 4.65 grams gold and 552.7 grams silver, starting 121.32 metres, down-hole.
Hole 28 represents one of the deepest intersections on the property to date and indicates that the trend of higher grade gold values continues with depth. The holewas designed to test the downdip continuation of mineralization. Southern Rio states that based on these results mineralization on the Ted Vein remains open both downdip and to the south.
The current 8-hole drill program is nearing completion, and it is anticipated that full results will be released early in the New Year. Drilling of a further eight to ten holes on the Ted Vein and other targets, including the newly discovered Ringer Zone,will take place in January.
Primary assays for the current program have been carried out at EcoTech Laboratories in Kamloops, with check assay determinations being undertaken by Acme Analytical Laboratories in Vancouver.
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