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PRNewsWire
3 days ago
Collective Mining Expands the New Porphyry Discovery at San Antonio by Cutting 172.40 Metres at 1.40 g/t Au, 0.16% Cu, 17 g/t Ag and 68 ppm Mo with the Hole Bottoming in Strong Mineralization
Latest drill results at San Antonio into the Pound target have expanded the footprint of the recently discovered porphyry system and intersected multiple mineralized zones: Hole SAC-18, located two hundred and fifty metres south of previously announced discovery hole SAC-11, was drilled vertically into a mineralized porphyry system and intersected: 172.40 metres @ 1.88 g/t gold equivalent (1.40 g/t Au, 0.16% Cu, 17 g/t Ag, 68 ppm Mo) including: 28.50 metres @ 3.32 g/t AuEq (2.05 g/t Au, 0.20% Cu, 62 g/t Ag, 12 ppm Mo) and 60.75 metres @ 2.27 g/t AuEq (2.05 g/t Au, 0.17% Cu, 4 g/t Ag, 98 ppm Mo) The hole was terminated prematurely while in strong mineralization due to the limitation of the rig with the final 1.60 metres averaging 2.03 g/t AuEq Hole SAC-15 was drilled to the south from the same pad as SAC-18 at a flatter angle and also intersected the same mineralized system returning: 154.20 metres @ 1.22 g/t gold equivalent (1.12 g/t Au, 0.03% Cu, 11 g/t Ag) including: 58.00 metres @ 2.15 g/t AuEq (1.95 g/t Au, 0.03% Cu, 21 g/t Ag) 16.05 metres @ 2.17 g/t AuEq (2.03 g/t Au, 0.08% Cu, 12 g/t Ag) SAC-15 also bottomed in strong mineralization due to the depth capacity limit of the rig with the final 9.90 meters averaging 3.18 g/t AuEq (2.99 g/t Au, 0.11% Cu, 17 g/t Ag). Three porphyry related mineralized phases have now been identified at the Pound target as follows: Phase 1 is a large, three by three-kilometre area covering the entirety of the San Antonio project displaying a phyllic altered, porphyry halo zone, which hosts low grade gold (0.2 g/t Au-0.5 g/t Au), extends from surface to a minimum of 700 metres depth and is open in all directions.
