Reconnaissance rock samples from the North Palacio area of the company’s 100-sq-mi Paso de Lugo property have yielded assays as high as 1.65 oz gold per ton. The company also reports that seven grab samples taken over 130-ft area of one outcrop averaged 0.55 oz gold.
A program of systematic channel sampling and trenching has been initiated on the surface showings which are hosted by quartz veins within volcanic and metasedimentary rocks.
Big Pony, through its 100%- owned Uruguayan company Tormin S.A., holds prospecting permits on 200 square miles underlain by Archean greenstone belts in the Uruguayan Shield.
An ongoing program of stream sediment, soil and rock sampling has outlined numerous gold anomalies, the company says. Detailed follow-up work is planned.
Big Pony is a 50%-owned subsidiary of Utah-based Gold Standard (NASDAQ) which is also exploring for gold in Uruguay through joint ventures with Bond International Gold.
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