Mantaro Precious Metals Corp. (TSXV: MNTR) has completed an initial four diamond drill holes at the La Escarcha gold deposit located in the Golden Hill Property, Bolivia. To date, Mantaro has drilled a total of 720 meters under its maiden 5,000 meter drill programme.
Highlights:
- Four diamond drill holes completed for a total of 720 m confirming down dip extensions of the La Escarcha gold deposit
- Initial drilling has successfully intercepted down dip extensions of the five primary gold bearing quartz shear zones historically exploited via surface open pit and underground workings at La Escarcha Mine, to depths of 150 m beneath surface.
“We are extremely pleased with the progress made by our team and Leduc Drilling at La Escarcha,” CEO, Craig Hairfield, said.
“Core recovery has been excellent. The four holes drilled to date have all intercepted sulphidic quartz-carbonate veins and veinlets beneath mineralisation mapped in underground workings.
“Mineralisation is open in all directions and the next phase of drilling will initially target the southern and northern strike extensions of the system. The system remains open at depth. It is anticipated that the first batch of samples will be dispatched to ALS this week and assays are expected approximately six weeks after.”
The initial holes are targeting down dip extensions of historically mined veins at La Escarcha open pit, aiming to confirm high-grade gold mineralisation beneath the extent of historic mining (ie. below 60 m depth). Drilling has successfully intercepted broad multiphase quartz shear zones typical of greenstone hosted orogenic gold deposits. The programme has also confirmed down dip extensions of the historically mined C1, C2, C3, C and C4 gold bearing quartz shear zones at La Escarcha gold deposit, to depths of 150 meters beneath surface.
The vast majority of the diamond drilling was drilled in PQ diameter and reduced to NQ size at 150 m depth in hole GH0003. Holes have been drilled from -34 ° to -61 ° dip, with hole lengths ranging from 170 to 250 m, and an excellent core recovery of nearly 100%.
Additional drilling aims to further extend the down dip and strike extensions of the five key gold bearing structures at La Escarcha gold deposit. Thereafter, the drill programmes focus will shift to the southern strike extensions of the Golden Hill vein system, beneath areas with historic surface workings, at the Gabby and Garrapatillia prospects. Drilling will then be utilised to test gold mineralisation across the parallel vein swarm located directly west of La Escarcha at the Westfield prospect.
For further information please visit: https://www.mantaropreciousmetals.com/
