Genesis Minerals’ (ASX: GMD) exploration continues to define an extensive vein system at its Cerro Verde Project in northern Chile, with mineralisation now identified over a 6 kilometre by 3 kilometre area.
Analytical results have been returned from 96 of 178 rock chip samples collected during the mapping phase, with assays to date of up to 23 grams per tonne (g/t) gold, 8.6% copper and 376g/t silver returned.
During August and September 2012 two field crews mapped and sampled an area 2 kilometres to the north and 2 kilometres to the south of the previous detailed 2011 exploration work, as well as an area 1 kilometre to the east.
Exploration has outlined new prospective veins, structures and stockwork zones to the south and east of the known mineralised zones and historic workings.
This work has also confirmed the extent of the mineralised system in the northern part of the project.
Genesis will now focus on completing a revised geological interpretation, prioritising target areas, geological structural mapping and trenching prior to the start of drilling.
A number of areas within the project remain partially or completely unexplored and warrant first pass sampling and mapping.
Las Opeñas drilling
Meanwhile, Genesis has kicked off a 1,500 metre diamond drilling program at the Las Opeñas Project in San Juan, Argentina.
The 15-hole program is targeting both a high grade epithermal vein system and breccia bodies that are highly anomalous in gold and base metals.
The extensive high grade epithermal system has been identified by mapping at Las Opeñas at surface over 4.5 kilometres of strike.
Rock grab sampling has returned values of up to 183g/t gold and 6,800 g/t silver.
Channel sampling of outcropping breccia bodies has returned results including 20 metres at 4.69g/t gold, together with strongly anomalous zinc, lead and silver. This area has never been drill-tested.
The current drill program is expected to be completed by early November, with results returned shortly after.
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