Highlights of the La Pava drilling include:
Ten drill holes located outside or within 10 to 15m of the southern and northwestern sides of the open pit design have intercepted significant new gold and copper mineralization. Two drill holes returned high grade oxide gold intercepts within the central east zone and several drill holes intersected significant widths of oxide gold and supergene copper mineralization in the western area of the open pit design.
These intercepts are considered significant as they represent either step-out drill holes, which identify mineralization outside the current open pit design, or infill drill holes focused on providing better definition and control on mineralization, which would enable the Company to upgrade some of the resources from the current "Indicated" category to the "Measured" category.
(1) Southern Zone
Drill hole PRH12188 intercepted 5m @ 4.08 g/t Au. (Collared approximately 30m outside the current southern margin of the open pit design.)
Drill hole PRH12255 intercepted 13m @ 0.72 g/t Au and 0.34% Cu in the sulphide zone. (Located approximately 25m outside the southern margin of the current pit design.)
Drill hole PRH12247 intercepted 3m @ 1.30 g/t Au. (Located outside the southern margin of the open pit design.)
Drill hole PRH12250 intercepted 18m @ 2.4% Cu and 0.22 g/t Au (incl. 7m @ 5.26% Cu) within the sulphide zone. (Collared 8m north of the southern margin of the open pit design.)
(2) Central East Zone
Two infill drill holes, PRH12211 and PRH12221, returned 47m @ 1.23 g/t Au and 61m @ 0.86 g/t Au (incl. 40m @ 1.04 g/t Au) respectively. These drill results show continuity of both the higher grade and the significant width of the mineralized zone within this area.
(3) Central South Zone
Drill hole PDH12037 intercepted 7m @ 1.92 g/t Au. This is most southern drill hole on section and, as it appears open in that direction, additional step-out drilling further south is required to determine the extent of mineralization.
(4) Western Extension Zone
Drill hole PRH12199 returned 37m @ 0.41 g/t Au from surface and 28m @ 0.42% Cu & 0.22 g/t Au within the sulphide zone.
Drill hole PRH12207 intercepted 19m @ 0.79% Cu (Incl. 5m @ 2.14% Cu).
Both of these drill holes confirm that significant mineralized widths of gold and copper exist in this western extension zone, which remains open.
Tables 3 and 4 below list significant gold and copper intercepts respectively at Quema-Quemita.
Refer to Figure 2 for drill hole location map at Quema-Quemita.
QUEMA-QUEMITA DEVELOPMENT DRILLING
Table 3: New Assay Gold Results from Quema-Quemita:
---------------------------------------------------------------------------- From To Length(2) Gold CopperDRILL HOLE NO.(1) (m) (m) (m) (g/t) (%)----------------------------------------------------------------------------PRH12178 0 14 14 1.61 0----------------------------------------------------------------------------PRH12200 0 32 32 0.44 0----------------------------------------------------------------------------Incl. 6 29 10 0.67 0----------------------------------------------------------------------------PRH12217 43 68 25 0.36 0----------------------------------------------------------------------------PRH12184 61 63 2 1.46 0.09----------------------------------------------------------------------------PRH12220 72 75 3 1.34 0----------------------------------------------------------------------------PRH12238 22 67 45 0.61 0----------------------------------------------------------------------------PRH12242 56 77 21 0.5 0----------------------------------------------------------------------------PRH12259 2 10 8 3.84 0----------------------------------------------------------------------------
