Extorre Gold Mines (AMEX:XG) (TSE:XG) said Tuesday that drilling is now underway at its Union Domes gold project and Cerro Puntudo silver property in Santa Cruz, Argentina.
Union Domes, which is located 18 kilometres south of the company's Cerro Moro discovery, is a bulk tonnage gold-silver target, where Extorre has already completed eight diamond drill holes. Results are expected within the next four weeks, the company said.
Meanwhile, at Cerro Puntudo, which is located 220 kilometres west of Cerro Moro, the company is operating one drill rig, with a second rig due to arrive shortly. The drill program is testing for potential extensions to the high grade silver system on the Joaquin property to the north. Two holes have been completed to date.
Separately, Extorre said that it now owns 100% of the Cerro Puntudo property and other regional projects in the area, as Cerro Vanguardia (CVSA) chose not to exercise its back-in right on the claims. CVSA now retains only a 2% net smelter return.