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Market: ASX
Sector: General Mining
EPIC: ELT
Latest Price: A$0.01  (0,00%)
52-week High: A$0.02
52-week Low: A$0.01
Market Cap: A$10.62M
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Elementos (ASX: ELT) is an Australian-based exploration and development company. High grade gold-silver and copper targets are the priority focus of Elementos, which has interests in three world-class mineral provinces in three countries, Chile, Argentina, and Australia.

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Elementos results 'highly encouraging' from the Santo Domingo gold copper project

September 26 2011, 4:12am

Elementos (ASX: ELT) has identified a magnetic-low anomaly from a survey which correlates to the gold–copper mineralised area previously mapped and sampled on the surface, at the Divisoria gold-copper porphyry prospect.

The outcome of the magnetometry survey is the potential for a larger area of porphyry mineralisation at depth, with IP geophysics to kick off to deliver drill targets.

The aim of the survey was to test the magnetic response of the different alteration and mineralisation zones, and highlight potential structural corridors controlling higher-grade targets at depth.

The program has identified a large magnetic-low anomaly covering the main areas of disseminated and higher-grade vein-breccia style gold-copper mineralisation and alteration on surface.

Elementos said that the results are 'highly encouraging' and demonstrate a pattern of magnetic lows related with porphyry mineralisation over a larger area than mapped on surface.

Importantly, since the area of potential mineralisation is so large, IP pole-dipole geophysics will be completed to test for chargeability anomalies within the magnetic low areas, along with structural arrays to assess the potential higher grade zones at depth for drill targeting purposes.

Divisoria is hosted within the Santo Domingo gold copper project, which is located in Argentina.


Drilling program

Using the combined results from the magnetometry and IP geophysical surveys, Elementos will then develop a drilling program.

Elementos added that plans are advanced for a joint drilling program over Divisoria in conjunction with the Yvette polymetallic system, with permitting for Divisoria already complete, and Yvette is in the provincial approval process.


Santo Domingo - two types of mineralisation

At Santo Domingo, Elementos has identified two types of mineralisation, which includes gold copper porphyry systems at Divisoria and El Arriero, along with high-grade silver-gold and polymetallic veins at Yvette.

The project has been identified as been positioned within a major new minerals district, hosting historical mining with limited previous modern exploration.

The tenement package covers 250 square kilometres, and importantly, Santo Domingo is well supported by infrastructure, and is located a two hour drive from San Juan.

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