Mantaro Precious Metals (TSXV: MNTR) has completed construction of a drill pad at the Santas Gloria Project ahead of its planned maiden 2500m drill programme in Peru.
Highlights:
- Drill Pad Construction: Following the cessation of the wet season, the company has constructed 10 drill pads at Santas Gloria.
- 2500 m Diamond Drill Programme: The company has planned a 15 to 20 hole angled diamond drill program totalling 2500m subject to completion of a future financing. The programme is planned to commence in summer 2023.
Drilling will initially target the strike and depth extensions of high-grade gold-silver-base metal mineralized segments of the Tembledara, San Jorge, Paquita and Maribel veins, which have been defined by channel sampling of surface veins and underground workings.
The majority of pads are located at 40 step backs from the veins in order to target near-surface depth extensions beneath areas of highest surface silver and gold geochemistry.
One pad is positioned at an 80m step-back to enable drill testing beneath high-grade shoots identified by UG channel sampling at San Jorge mine.
Four drill pads were built at San Jorge. San Jorge is a multiphase silver-rich intermediate sulphidation epithermal vein system, that is up to 6.0m wide at the surface and has been mapped over two strike kilometres. Three pads are 40m step backs to test the down dip extensions of a high-grade zone that returned surface channel samples assays of between 93 to 2500g/t Ag over 450m strike length.
One pad is an 80m step back to the vein and will target a high-grade ore shoot beneath historical underground mine workings which returned underground channel samples grades of up to 3210g/t Ag.
One drill pad has been built at Tembledara to test the downdip and strike extensions of the vein where underground channel sampling by Mantaro returned grades of >10,000g/t Ag, >20% Pb and up to 9.1% Zn. Two additional drill pads will test the near surface down dip extensions of high-grade silver mineralization which has been defined in surface channel samples over a strike length of 400m along the Tembladera 1 and Tembladera 2 veins. The Tembladera vein system is a complex of silver-rich intermediate vein splays and breccia’s in the south of the Santas Gloria Property, with a cumulative vein strike length of over 4km.
In the north of the project area, three pads are planned to target the down-dip extensions of the high-grade, gold-silver mineralized Paquita and Maribel veins. Paquita and Maribel are multiphase-brecciated, intermediate sulphidation epithermal veins — highly oxidized and leached at surface.
The veins have been mapped over two strike kilometers, are up to 5.0m wide, multiphase and returned grades up to 585g/t Ag and 8.57g/t Au from surface channel samples taken by Mantaro. Paquita and Maribel have never been formally mined or drill tested. The pads are 40m step backs from the veins designed to test the near surface depth extension of high-grade mineralization.
“After several months of extensive geologic work and preparation, the Mantaro team is excited to have completed drill pad construction leading up to its maiden 2,500m drill program on the Santas Gloria Property,” CEO, Darren Hazelwood, said.
“Santas Gloria presents us with a rare opportunity to be the first company to drill test an extensive, high-grade, gold-silver mineralized intermediate sulphidation epithermal system in central Peru, where small scale historical mining has demonstrated underground silver-base metal grades.”
For further information please visit: https://www.mantaropreciousmetals.com
