In eastern Yaragua, four drill-holes transected the central and northern vein families. Intercepts to the north of the current Yaragua mineral resource envelope include:
-- 6.3 metres @ 7.0 g/t gold and 60 g/t silver, including 0.80 metres @ 35.2 g/t gold, 366 g/t silver and 9.3% zinc (BUUY099, from 130.80 metres down-hole, elevation of 1,325 metres);-- 0.7 metres @ 22.3 g/t gold, 750 g/t silver and 4.6% zinc (BUUY099, from 236.30 metres down-hole, elevation of 1,279 metres);-- 0.6 metres @ 10.8 g/t gold and 117 g/t silver (BUUY100, from 209.45 metres down-hole, elevation of 1,242 metres); and-- 1.0 metres @ 7.1 g/t gold and 6 g/t silver (BUUY102, from 216 metres down-hole, elevation of 1,207 metres).
These and previous drilling results add further definition to extensions of the Vein A, Vein AD and Vein D packages, the most northerly in the Yaragua vein system.
The eastern Yaragua drill-holes otherwise intersected veins with grades and thicknesses generally consistent with the current mineral resource model. Drill-hole intercepts exhibiting substantially greater apparent thicknesses and/or higher grades than in the current resource model include:
-- 1.0 metres @ 34.6 g/t gold and 4 g/t silver (BUUY099, PRE vein, elevation of 1,376 metres);-- 1.7 metres @ 2.1 g/t gold and 350 g/t silver, (BUUY099, VNC, elevation of 1,369 metres); and-- 2.0 metres @ 12.5 g/t gold and 9 g/t silver (BUUY100, HWV, elevation of 1,351 metres).
BUUY101, drilled southwards through the central and southern Yaragua vein families into Yaragua South, encountered intercepts in the VNB, VNE and Murcielagos vein packages with apparent grade and thicknesses substantially greater than those in the current mineral resource model, including:
-- 1.1 metres @ 66.7 g/t gold and 8 g/t silver (VNB package, elevation of 1,504 metres);-- 8.2 metres @ 2.5 g/t and 7 g/t silver (VNB package, elevation of 1,503 metres);-- 4.5 metres @ 6.2 g/t gold and 15 g/t silver (VNE, elevation of 1,491 metres); and-- 34.7 metres @ 2.7 g/t gold and 10 g/t silver, including 0.5 metres @ 8.9 g/t gold and 18 g/t silver (MU2 and MU, elevation of 1,481 metres and 1,468 metres, respectively).
Otherwise, BUUY101 intersected veins with grades and thicknesses generally consistent with the current mineral resource model. The drill-hole terminated in the Yaragua South area with vein intersections at 1,377 metres (0.5 metres @ 7.9 g/t gold and 4 g/t silver) and also 1,365 metres above sea-level, outside of the Yaragua and Veta Sur mineral resource envelopes.
Vic Wall, PhD, special advisor to the Company and a qualified person for the purpose of NI 43-101, has prepared or supervised the preparation of, or approved, as applicable, the technical information contained in this press release. Dr. Wall is a geologist with 35 years' experience in the minerals mining, consulting, exploration and research industries. Following a career in Australian and North American academes, he held senior positions in a number of multinational major and junior minerals companies. A Fellow of the Australian Institute of Geoscientists, Dr. Wall is Principal of Vic Wall & Associates, a Brisbane-based consultancy that provides geoscientific services to mineral companies and government agencies, worldwide.
The Company utilizes a rigorous, industry-standard QA/QC program. Core is sawn in half with one-half shipped to a sample preparation lab in Medellin run by ALS Colombia Limited ("ALS") in Colombia. Samples are then shipped for analysis to an ALS-certified assay laboratory in Lima, Peru. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically check assayed at ACME Analytical Laboratories in Vancouver, British Columbia and/or Inspectorate America Corp. in Reno, Nevada.