Los Cerros Limited (ASX: LCL) has commenced its Q3 2020 drilling campaign as part of a prolonged drill programme to determine continuity of gold mineralisation at the Tesorito Prospect at the Quinchia Gold Project in Colombia.
The programme is assessing a focussed resource drilling campaign and the impact of additional resources to augment existing resources/reserves at the nearby Miraflores Deposit.
Based on visual comparisons of the core from near-by holes TS-DH07 and TS-DH02, drilling at hole TS-DH08 entered saprolite, interpreted to be weathered porphyry, from 7m and fresh diorite porphyry at 22m down hole. Drilling is currently at 110m and remains in diorite porphyry. Previously reported results from holes TS-DH07 and TS-DH02 include:
The initial hole has a planned depth of 400m and is expected to take most of August to complete with assays expected from mid-September. The second hole of the drilling programme is planned to explore a recently defined gold/molybdenum soil geochemistry anomaly to the north of the drilled region of Tesorito.
Managing Director, Jason Stirbinskis, said the company has shipped its own drill rig and ancillary equipment, purchased under the HK Ausino partnership, and it is expected in Colombia in October.
Until its arrival and commissioning, the company will continue to use the current Colombia drilling services provider.
Mr Stirbinskis said that two sets of bespoke IP equipment planned for geophysical programmes across the Quinchia and Andes projects are also on their way to Colombia.