Tuesday, March 09, 2021 5:10:17 PM
Aris Gold announces drill results at the Marmato Deep Zone, including 78.1 metres at 3.43 g/t Au (true width 30.8 m)
PR NEWSWIRE 4:00 AM ET 3/9/2021
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ALLXF 1.8631up +0.1731 (+10.242604%)
QUOTES AS OF 03:59:59 PM ET 03/09/2021
VANCOUVER, BC , March 9, 2021 /PRNewswire/ - Aris Gold Corporation(ALLXF) (Aris Gold(ALLXF) or the Company) announces high-grade gold intercepts over broad widths at the Marmato mine in Colombia.
The 2020-2021 drill program that began in May 2020 at Marmato comprises 60 holes totalling 35,000 metres and is now approximately 50% complete. Drilling to date has demonstrated high-grade mineralization over broad widths, demonstrating potential to extend the 13-year mine life outlined in the Company's Pre-Feasibility Study dated September 18, 2020 with an effective date of March 17, 2020.
The principal objective of the drill campaign is to convert Inferred Mineral Resources to Indicated Mineral Resources. In addition to the Deep Zone, the campaign is also testing the newly discovered Fortaleza Zones A and B to the north, which opens up a new area that will require further drilling to evaluate its potential.
Aris Gold (ALLXF) CEO Neil Woodyer commented, "Our ongoing drill program at Marmato continues to deliver on our objective of adding to the already large gold inventory and 13-year mine life. Drilling in the Deep Zone is demonstrating potential for a larger, higher-grade system than previously envisioned. In addition, drilling on the newly discovered Fortaleza zones to the north confirms a prospective new area worthy of additional testing." https://www.arisgold.com/news/news-details/2021/Aris-Gold-announces-drill-results-at-the-Marmato-Deep-Zone-including-78.1-metres-at-3.43-gt-Au-true-width-30.8-m/default.aspx
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