Veta Resources14 Apr 2019 23:26
Veta Resources Identifies High Grade Au-Ag Drill Targets on JOY Properties in Southern Chile
April 10, 2019
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Toronto, Ontario – April 10, 2019 – Veta Resources Inc. (“Veta” or the “Company”) is pleased to provide an update on its exploration program of the JOY Properties located approximately 200 km south of Santiago and 125 km south of Yamana’s Minera Florida mine in the Southern Coastal Range of Chile (see Figure 1). The JOY Properties consist of 56 km2 under option agreements and 59 km2 100% owned, or 115 km2 in total. The exploration program included surface mapping, rock sampling, trenching, and a drone supported magnetic survey. Based on the program results, the Company has defined five areas of interest for further detailed exploration and identified four high grade Au-Ag priority targets for initial drill testing in 2019.
Five Areas of Interest Defined
Five areas of interest have been defined within the JOY Properties for further detailed exploration based on a total of 353 surface quartz vein and altered rock samples. Ninety-six of the samples returned = 0.5g/t Au and 55 samples returned = 3.0g/t Au. The five Areas of Interest were defined based on assay results which indicate discrete clusters of multi-element geochemical anomalies for a suite of elements including Au, Ag, Ba, Pb, and Zn. This is consistent with the element suite characterizing the high-grade Au-Ag veins found in the district. Figure 2 shows the locations of the Areas of Interest. Exploration has defined a 25 kilometer long zone containing numerous, structurally-controlled quartz vein arrays hosted within monzogranite intrusive adjacent to the contact with shallow-marine sediments.
https://www.vetaresources.com/ https://www.vetaresources.com/news/2019/veta-resources-identifies-high-grade-au-ag-drill-targets-on-joy-properties-in-southern-chile/
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