Zacapa Resources (TSXV: ZACA, OTCQB: ZACAF, DE: BH0) has provided an update on exploration activities (completed and ongoing) at its 100% owned South Bullfrog gold project in the Beatty District of Nevada.
“The coincidence of gravity and magnetic anomalies in proximity to strongly altered outcrops and anomalous soil geochemistry reinforces our confidence in the value of Longtail as a significant new prospect in the Beatty District,” comments Adam Melnik, CEO and Director.
Follow up soil geochemistry at the company’s newly identified Longtail target has revealed strongly elevated pathfinder epithermal suite elements including gold, silver, and mercury associated with silicified, alunite-bearing, brecciated subcrop surrounded by alluvial cover. A recently completed gravity geophysical survey also mapped a prospective low gravity feature coincident with a magnetic low feature at the Longtail target which could reportedly represent structurally controlled alteration. Consulting report on integrated geophysical interpretation has identified new targets and reinforced conviction on existing targets and the Sledge, Shingleback, and Longtail prospects have now been identified as areas to be fast tracked for drilling in 2022.
“Zacapa’s technical team has been working efficiently to identify the most prospective drill targets for testing and the highly compelling Longtail target is representative of the success our approach can deliver when challenged with exploring through cover.” Adam Melnik stated.
The Bullfrog Gold Project
The South Bullfrog gold project is centrally located in the Beatty District in the heart of the Walker Lane Trend. The Beatty District has seen rapid increases in gold resources, currently over 8.6Moz of gold. Zacapa’s project area is 5km south of AngloGold Ashanti’s North Bullfrog development project which is anticipated to be operational in the next three years, and the central hub in a hub-and-spoke development scenario outlined by AngloGold Ashanti following its US$370M acquisition of Corvus Gold. AngloGold has stated that the combined assets will help the Beatty District become a large, long life, low-cost operation with the potential to develop Tier-1 “company making” mines.
South Bullfrog is comprised of 488 unpatented mining claims covering approximately 9,900 acres with a clear path to value creation by executing rigorous exploration in the middle of an increasingly active district where major gold mining companies are actively acquiring property and developing new mines.
For further information please visit: https://zacaparesources.com/
