Los Cerros Limited (ASX: LCL) has commissioned its next Colombian gold drilling campaign, with an anticipated start date of the last week of July.
Managing Director; Jason Stirbinskis, said the ~2,500m diamond drilling programme will commence at the Tesorito porphyry targets before moving to targets at Chuscal and Miraflores, all located within the company’s Quinchia Gold Project in Colombia.
All seven previous holes drilled to date successfully intersected porphyry-style gold mineralisation, including impressive intercepts, such as:
- 384m @ 1.01g/t from 16m; incl 29.3m @ 1.9g/t Au from 136.75m; and
- 253.1m @ 1.01g/t Au from 2.9m; incl 64m @ 1.67g/t Au from 144m.
All drill holes tested the southern highest grade 250m x 250m region of an 800m long x 350m wide NNE trending gold-molybdenum soil anomaly. Recent infill soil sampling reveals the anomaly comprises two separate higher grade regions, with the northern region untested by drilling.
Both higher grade centres are broadly similar in size, with each corresponding to a magnetic high, overprinting E-W trending epithermal veining and porphyry style alteration.
Mr Stirbinskis said the drill programme will commence testing the continuity of wide higher-grade intersections (eg. 64m @ 1.67g/t Au and 29m @ 1.9g/t Au) and it is planned to then test the newly defined northern gold-molybdenum soil geochemistry anomaly.
The company also reported that its new C5C diamond drill rig and ancillary equipment is expected to arrive in Colombia around early October.
The Chuscal and Tesorito prospects are part of the larger Quinchia Gold Project which also comprises Miraflores, Dosquebradas and other established targets and untested areas of interest within the ~7,500ha parcel.
The Miraflores Gold Deposit has an existing Resource of 877,000 Au ounces at 2.80g/t Au and Reserve of 457,000 Au ounces at 3.29g/t Au. The Dosquebradas Deposit has an Inferred Resource of 459,000 Au ounces grading 0.71g/t Au.
With full support from Ausino, the company has decided to commence drilling sooner via a Colombian drilling services provider while we wait for our own equipment to arrive,” Mr Stirbinskis said.
“The intention is to drill at least two ~350m length diamond holes at Tesorito first and then, once we have our own rig with the efficiencies that it should bring, we will tackle more targets across the Quinchia Gold Project.
“The encouraging work of our Colombian geologists and international consulting experts has generated a good number of exciting targets to be drill tested. The first two holes will provide additional geological data to fine tune several deeper porphyry targets.”
