Post by
OilSandSam on Jan 21, 2010 11:35am
I've been waiting for this
I was hoping they would get this put on the exploration agenda! Its proximity to the Bolivar project could make for some very interesting developments that could be fast tracked.
Luz de Oro Project
Exploration drilling conducted by EXMIN at the Reyna de Oro mine in 2004 and 2005 demonstrated the potential for a mineable gold discovery, the size of which has yet to be determined. Approximately 2,200 metres of drilling at the project delineated a nearly flat-lying tabular body averaging about 20 to 30 metres in thickness with 2-4 g/t gold and locally significant copper. The mineralized body is open along strike and down dip and locally contains significantly higher grades, including 18 m of 6 g/t gold, 11 m of 7 g/t gold and 3 m of 25 g/t gold. Exploration around the Reyna de Oro mine indicates that mineralization may be related to a large intrusion located 2 km east of the mine that lies partly on Dia Bras' Bolivar land package. The Luz de Oro project also hosts several other targets, including Balojaque, which consists of several quartz veins that have been sampled with assay results as high as 105 g/t gold. In addition, there is a large area (3-4 km2) of pyritic alteration in andesite that has yet to sampled or mapped, except in reconnaissance fashion.