Advertisement
Table 2 - New Drill-Hole Results for La Cantera and Middle Zone Area, La Mina Gold-(Copper) Project, Colombia
---------------------------------------------------------------------------- From To Intercept Au Cu Ag AuEqDrill Hole (m) (m) (m) (g/t) (%) (g/t) (g/t) Prospect----------------------------------------------------------------------------LME-1093 133.50 138.37 4.87 0.37 0.26 1.9 0.78 LC-MZ Gap--------------------------------------------------------------------------------------------------------------------------------------------------------LME-1094 No significant intercepts LC-MZ Gap----------------------------------------------------------------------------NOTE: Intercepts calculated using a 0.40 g/t AuEq cut-off grade. AuEq (g/t) = gold equivalent (g/t). AuEq (g/t) calculated assuming a long-term gold price of US $1200/oz and a long-term copper price of US $2.75/lb. No adjustment has been made for metallurgical recoveries or net-smelter returns as these remain uncertain at this time. AuEq formula: AuEq g/t = Au g/t + ((Cu% x 22.0462 x 2.75)/(1200/31.1035)) g/t; Ag values are not included. Gold and copper grades capped at 5 g/t Au and 2% Cu, respectively. Intercepts reported as down-hole lengths and may not represent true thicknesses.
Drill holes LME-1093 and -1094 probe the area between the La Cantera and Middle Zone resources (Figure 4). Magnetic and IP data suggest the presence of a magnetic body at depth. LME-1093 was successful at intersecting a mineralized intrusive (see Figure 5), though the reportable interval is relatively narrow. It does confirm the existence of mineralized intrusive between the two deposits, and may contribute a focus for future drilling in this area.
Table 3 - Drill Hole Location Data from this news release for La Mina Gold-(Copper) Project, Colombia
----------------------------------------------------------------------------Hole East UTM North UTM ElevationNumber Coordinate Coordinate (m.a.s.l.)----------------------------------------------------------------------------LME-1093 418975.33 654680.07 1802.53----------------------------------------------------------------------------LME-1094 419318.29 654805.12 1856.26----------------------------------------------------------------------------LME-1095 419840.83 654507.20 1994.24----------------------------------------------------------------------------LME-1096 419830.11 654667.56 2007.17-------------------------------------------------------------------------------------------------------------------------------------------------------- TotalHole Azimuth Plunge LengthNumber (degrees) (degrees) (meters) Prospect----------------------------------------------------------------------------LME-1093 045 -51 400.81 LC-MZ Gap----------------------------------------------------------------------------LME-1094 045 -65 341.07 LC-MZ Gap----------------------------------------------------------------------------LME-1095 045 -51 280.11 La Garrucha----------------------------------------------------------------------------LME-1096 090 -65 349.81 La Garrucha----------------------------------------------------------------------------m.a.s.l. = metres above sea level
