Receives Promising Results From Phase 2 Drilling Programme In Argentina
Minsud Resources Corp.(TSX-V: MSR) has confirmed the presence of a deep porphyry system and linked shallow polymetallic Cu-Au-Pb-Zn mineralisation in its recently completed Phase 2 diamond drilling programme at the Chita Valley Project in Argentina.
Scouting drill holes CHDH20-04 and CHDH20-05 (Phase 1) together with drill hole CHDH20-17 (Phase 2) at the Chinchillones porphyry target found mineralisation hosted in breccias and veins at the North West edge of the Chita Valley.
Meanwhile, a single hole drilled in the Chita porphyry target intersected mineralisation of 0.3% to 0.4% Cu, up to 100m to 120m.
ThePhase 2 diamond drilling programme at Chit Valley comprised of 12 holes for 5,818m, with variable depths between 350-650m, completed at the Chita and Chinchillones porphyry targets. Together with Phase 1, the Company completed a total of 9,377, during 2020.
The programme was designed to test targets identified during the systematic multidisciplinary exploration programme conducted in the sector during Phase 1 drilling programme completed during first half of 2020, and the results from the pole-dipole geophysical survey covering 68m over 13 Induced Polarisation (IP) lines completed on July 2020.
The company said the results of the Phase 2 scout drilling exploration programme confirm very interesting intercepts that support effectively the presence at shallow and at down depth level of a Zn-Pb-Cu-(Ag-Au) polymetallic epithermal system and deeper parental porphyry Cu-Mo-Au open to the North North East at Chinchillones area.
The geological team is currently working on detailed re-logging of the Phase 2 drill core and mapping, together with the review of all the available structural and geochemical data in order to assist on targeting for the next Phase 3 drill programme that is being designed and scheduled to commence during the first half of 2021.
