OTCPK:SXGDF - Post by User
Post by
ALTOGETHERon Nov 04, 2010 6:48am
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Post# 17655483
Five Years Later........Nora
Five Years Later........Nora
This is the partial news release from five years ago regarding Nora. They should
have things right by now you would think. Although I remember them saying it is "complicated" but that is a good thing......... |
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A Phase II exploration drilling program is in the process of being planned for the Los Zorros property in Chile.
In preparation, SAMEX has re-logged,so far, core from six Phase I drill holes, carried out further geologic
mapping, and conducted a gravity geophysical survey over a large area encompassing the principal
targets on the property. The new information is being compiled, critically evaluated, and merged with
the results from the Phase I exploration drilling program and as a resultthe geologic setting of
several of the numerous targets on the property are now much better understood. Updated
descriptions of the targets will be reported as details for each are finalized. The first technical
update, presented here, is focused on the high-grade goldmineralization encountered
by drilling within Exploration Area III atwhat is now called theNORA target.
NORA High-Grade Gold Target, Exploration Area III
During the Phase I drilling program, an impressive, mantos-style (layered), high-grade gold
intersection (15.96 g/mt gold over 7.66 meters or 0.51 oz/mt over 25.12 ft.) was made in
drill hole DDH-04-05 [previously announced in News Release No. 2-05 dated April 5, 2005].
If the gold-rich mantos layer should prove to be extensive beneath much of the NORA
prospective area that measures 1,200 meters by 1,000 meters (See Figures A, C & D)
and maintains the average thickness intersected, a large target of 20 million to >25 million
metric tons could be present (a possible multi-million ounce high-grade gold deposit).
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