Mexus Initial Drilling Yields Exceptional Results at Santa Elena Mine
December 13, 2018 03:01 ET | Source: Mexus Gold US
CABORCA, Mexico, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) is proud to announce they have received positive assays results from the first 3 of the 9 drill holes at their Santa Elena mine.
Mexus President Paul Thompson stated, “The first batch of 75 samples have been received with positive results. We are expecting additional assays prior to the end of the year. Batches 2, 3 and 4 are expected to be completed in six to seven weeks at which time Mexus experts can complete a gold/silver resource valuation. The first 75 samples were analyzed by AA-multi element and gold/silver by fire assay.”
The first three drill holes were planned to intercept the Julio vein at shallow depth and included a new coincident shear zone at this area. The Julio Vein was intercepted from 17 to 39 meters as it seems to be foliated along the strike. Hole 1 intercepted about 0.90 meters of Julio quartz vein at 25-meter depth with detectable gold and 34.4 g/t Ag. A 3 meter wide shear zone (7-10-meter depth) is showing 1 meter of 0.2 g/t Au with almost 1 g/t Ag. This zone is a shallow dip tectonized breccia shear zone expected to contain economic values to generate a bulk mineable zone at shallow depth. Hole 2 intercepted the Julio vein at 39 meters with 1 meter of 6.28 g/t gold and 21.3 g/t silver. The shear zone stayed shallow from 5 to 17.50 meters with some anomalous silver content of about 0.3 g/t Ag. Hole 3 intercepted the Julio vein at 17 meters about 0.50-meter width with only anomalous silver 0.5 g/t. At hole 3 the shear zone is from the surface down to 10 meters deep with a 0.5 meter intercept of 0.3 g/t gold.
The Julio vein is known to contain economic values of gold and silver from previous surface and underground sampling, but the low angle shear structures are just being discovered and studied which apparently are also mineralized systems which will be the bulk mine ore producers.
This drilling stage is testing only a 200 meter portion of an estimated and suspected 3000 meter long low angle shear zone structure and also a 200 meter portion of the mineralized Julio quartz vein. Together in this area they are expected to combine to form a mineable resource. 3D software processing and interpretation of the database is progressing to be able to interpolate shear zone structures and vein intercepts with assay results as they are released from the laboratory.
