Nice19 Jun 2015 16:21
This one is a little gem. Grades look pretty dam good to me and work program to begin this calendar year.
Progress
As announced on 27 August 2014, Hunter has, since Re-admission, reviewed and analysed historical exploration work on the Pampamali Project carried out by Buenaventura, Peru's largest listed mining company. The Buenaventura Data comprises extensive and detailed mapping and sampling information from mineralised veins within the project concessions which include grades up to 70 g/t Au, 2377 g/t Ag, 44.9% Pb, and 28.9% Zn. The analyses were obtained from rock chip and channel samples from both surface and underground locations. This data has been incorporated into the Group's database and has further confirmed the significant potential of the Pampamali Project.
The data supports the presence of extensive gold, silver, lead and zinc mineralisation within the veins identified by Gold Hunter's initial reconaissance sampling. As immediate targets, sections of between 90m and 350m strike length in several veins (Victoria, Luz, Gaviota and Santa Domingo) have been prioritised for follow up in the next phase of exploration; another 515m long section in the Melita vein will be targeted as soon as access becomes available. Other veins are also mineralised and will be the subject of future exploration. Summary details on the veins which are initially being targeted were:
Victoria vein 500 m mineralised vein exposed of which a 250m section averages 4.42 g/t Au, 100 g/t Ag, 8.8% Pb and 28.9% Zn.
Luz vein 470 m mineralised vein exposed of which a 200m section averages 8.84 g/t Au, 97 g/t Ag, 0.39% Pb and 4.16% Zn.
Gaviota vein 1,250 m mineralised vein exposed of which a 90m section averages 7.93 g/t Au, 138 g/t Ag, 0.57% Pb and 0.41% Zn.
Santa Domingo vein 2,000 m mineralised vein exposed of which a 350m section averages 0.56 g/t Au, 38 g/t Ag, 30.8% Pb and 10.1% Zn.
Melita vein 515 m mineralised vein exposed of which a 70m section averages 2.63 g/t Au, 166 g/t Ag, 3.20% Pb and 4.90% Zn.
Current Exploration Programme
The Phase 1 Exploration programme has commenced and is focused on both (1) following up historical results and known vein targets, and (2) identifying new targets and concepts in previously unworked portions of the property.
The Buenaventura Data has identified and highlighted numerous mineralised veins and is being used to fast track planning of Gold Hunter's 2014 sampling and drilling campaigns. The Group's exploration team is now planning more detailed mapping from surface and underground combined with satellite and airphoto interpretation. This work will allow drill targets to be defined during the 2014 calendar year.
The Group is concurrently preparing the statutory agreements and proposals to obtain drilling approvals to commence drilling as soon as possible during the current financial year.
A large number of additional mineralised veins have also been identified from the mapping of the prope
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