Mirasol Resources Ltd has published the results from the maiden drill program on the company’s Sascha Marcelina project in Santa Cruz province, Argentina.
Targeting the Pellegrini and the Estancia Trends on the property, a total of 2,814 meters (m) were drilled.
The precious metals explorer has several partner and joint venture projects in Chile and Argentina, as well as two projects it is solely funding, one of which is the Sascha Marcelina property.
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“We are encouraged with the early results from this maiden drill program on three of our priority prospects within the Sascha Marcelina project. The Pellegrini Trend returned a broad zone of gold (Au) and silver (Ag) mineralization overprinting a younger lead (Pb) and zinc (Zn) rich base metal pulse, that is interpreted to represent the high-level expression in this epithermal system," Tim Heenan, Mirasol’s President said in a statement.
He went on to say: “This mineralized zone may correspond to the top or the margins of a hydrothermal breccia body, or possibly the upper zones of a larger mineralized and dilated structure at depth, spatially associated with a rhyolitic dome complex. Drilling on the Igloo and Estancia Trends also returned a number of anomalous Au and Ag intercepts, and improved our understanding of the local geological settings, which will help in vectoring follow-up drill programs towards higher grade zones at depth and within a more permissive stratigraphic horizon.”
At the Pellegrini Trend, four diamond drill holes were completed in the main target area with two scout holes, for a combined total of 1,431m. Highlights from the Pellegrini testing include, holes PEL-DDH-001, PEL-DDH-002 and PEL-DDH-005 all encountered within their upper levels, restricted zones of anomalous mineralization associated with hydrothermal brecciation.
According to the company, hole PEL-DDH-005, which was drilled to a deeper depth below PEL-DDH-002, exhibited the best mineralized intersection to date.
While at the Estancia Trend, six holes for a total of 1,011m were completed. Three of the holes located in the southern part of the zone returned anomalous gold results.
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