Don Julio
in response to
by
posted on
Apr 11, 2008 01:21PM
Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.
They must think there is something more significant at depth to continue drilling in this area. With the Dec 11th NR at least we had 8 meters with the one hole VS the 2 meters we got with 4 holes. I would assume that the 2.5g Au are sulfides and if this is the case it might be better to sink a diamond in it after 5 RC holes have been drilled already... Unless they need to have a better idea where to sink it. Don Julio is a large anomality. Penasquito is covered with overburden as well so I don't discount it off the land package. I'm still happy with the assays. I don't care for the 20% loss in 2 days but I'm in this for the long haul.
Hopefully we will see more assays before months end.
From the April 10th PR
An additional four reverse circulation drill holes were completed in the Don Julio Zone (CR-24, CR-26, CR-27, and CR-29) and returned anomalous values up to 2.5 grams gold per tonne over 2 meters. Further drilling is planned to test below the favourable alteration and trace element geochemistry encountered in shallow reverse circulation drilling to date. The Don Julio Zone is situated within a strong IP chargeability anomaly 1,000 meters to the southwest of the Represa Zone. An additional wildcat reverse circulation drill hole (CR-22) tested a resistivity anomaly located 700 meters to the southeast of the Represa Zone and returned no significant values.
From the Dec 11 PR
Hole CR-05, inclined at -50 degrees to the west, was a wildcat hole drilled in a new area now called the Don Julio Zone which was defined by an induced polarization (IP) geophysical study (see news release dated November 26, 2007.) CR-05 intersected 8 meters averaging 2.27 grams of gold per tonne and 5.56 grams of silver per tonne. These results confirm that the area is mineralized, and additional geophysical studies are underway to refine the drill targets in this large anomaly