RE: Omi8 Aug 2019 09:51
What Newmont want:
Anza
Summary and Location
Multiple high grade zones in a wide low-grade envelope and favourable topography with pipeline of drill ready targets
Drilling to date favourable and encountered significant gold and zinc mineralisation
Best intercepts to date include 15 m of 40 g/t Au (DDH MAP-48) and 41 m of 14 g/t Au (DDH MAP-38).
Access by paved road to the town of Anzá and a 17 km gravel road operable year-round.
Historically secure location. A gypsum mine has been in operation since 1991.
Excellent infrastructure, with power grid, abundant water and mine facilities on site.
Elevation ranges from 700 m to 2,000 m above sea level.
Environmental permit in place to mine underground and open-pit.
Exploration
A fortuitous discovery of massive sulfide lens led to an initial volcanic massive sulphide (“VMS”) model; however, the initial 3,000 meters of phase 1 drilling which began in 2011 did not confirm VMS style mineralization but led to discovery of a new deposit., The mineralization is structurally controlled, with disseminated to semi-massive sulfides, irregular veins, stringers and, hydrothermal breccias. were more than 2 km long, 200 m wide zones of Au (+/‐ Ag, Zn, Cu) showing variable mineralization and alteration styles. An uncertain genetic model in virgin territory with few boundaries on geometry indicates a potential for continued discoveries, with mapped porphyry targets to the north and west, and a postulated porphyry source at shallow depth
Exploration Activity and Strategy to date
17,408m of core drilling undertaken (53 holes) since first optioning the Project
Drill spacing averaging 50m. Average depths of drill holes of 300m.
In excess of 2.5 km of mineralization identified by drilling along the Aragón fault. The deposit is open to the north, south and down-dip.
Four high-grade gold zones discovered through step-out drilling
Sign In
Follow the stocks
