Casa Minerals Inc (TSX-V:CASA, OTC:CASXF) revealed that it has successfully completed the first phase of diamond drilling, totaling nearly 6,828 feet at its Congress gold deposit in the Martinez mining district of Yavapai County, in Arizona.
The Vancouver, British Columbia-based company said the drilling intersected newly discovered vein structures, as well as the formerly productive Congress and Niagara veins.
The initial phase of drilling was designed to improve historic data and to generate updated information on the geology and mineralization of the Congress gold mine gold-bearing structures. Distinct veining structures were encountered as expected, as well as previously unrecorded veins, said the company.
READ: Casa Minerals starts drill program at Congress gold mine for the first time after 30 years
The veins have been carefully mapped, measured, and sampled to be assayed and that data will be used in the future resource evaluation, it added.
Casa Minerals CEO Farshad Shirvani said: "We are very encouraged by the completion of this first phase of drilling. The company's objective is to advance the Congress Mine with multi-stage exploration and development programs. This initial drilling advances Casa toward re-establishing the Congress gold mine as a potentially producing gold mine once again."
Casa said its HQ diamond drill program was guided by a registered professional geologist, who supervised drilling operations, assumed custody of drill cores, and managed core processing and sampling. The core samples are being analyzed at an independent ISO-9000 certified commercial analytical lab, and the results will be released following receipt and confirmation, according to the company.
Ten drill holes with a total length of 6,828 feet were drilled with majority on the Congress and Queen of the Hills Claim blocks.
Locations and other details are presented in a table form here.
Casa is engaged in the acquisition, exploration and development of mineral properties in Canada and the US. It owns 90% interest in the Congress gold mine in Arizona. In addition, Casa owns a 100% interest in the polymetallic Pitman and Keaper properties in British Columbia and has an option to acquire a 75% interest in the Arsenault VMS property in Canada.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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