Zacapa Resources Ltd. (“Zacapa”) (TSXV: ZACA, OTCQB: ZACAF, DE: BH0) has provided an update on its its upcoming drill campaign at its 100% owned South Bullfrog gold project in the Beatty District of Nevada.
The company has secured a drilling contract with premier driller Boart Longyear to provide top quality RC drilling services. Zacapa has said that a 3,000m phase 1 RC drill programme is expected to commence this winter on the company’s highest priority drill targets at Longtail, Shingleback, and Sledge.
“Zacapa continues to progress its cornerstone South Bullfrog gold project towards its inaugural drilling campaign. The follow up geochemical programmes conducted are enhancing our understanding of the most prospective drill targets at the project. We are well positioned to execute on the phase 1 drill programme with Boart Longyear following the expected receipt of permits from the BLM.” commented Adam Melnik, CEO and Director.
Follow up soil grids (25m stations by 50m lines) have been completed at Longtail and Bottom’s Up to aid in defining the structural orientation of previously discovered geochemical anomalies and outcropping silicified zones. Additional reconnaissance sampling was also completed in the Sourdough area along the northward projection of a major fault that displays extensive alteration at the Vanderbilt Mine at the southern boundary of Zacapa’s claims. Rock chip and grab sampling was conducted along mapped structures in the Shingleback and Sledge areas. In total, 893 soil samples, and 294 rock chip and grab samples have been collected. Results are expected this month.
“AngloGold Ashanti’s continued consolidation of the Beatty District, following its acquisition of Coeur Mining’s Crown & Sterling projects for up to US$200M, demonstrates a clear path to value creation for Zacapa by exploring in a prolific district where major mining companies are actively making new discoveries, acquiring competitors, and building new mines.” Mr Melnik added. To find out more, please visit www.zacaparesources.com
