OTCPK:NOSOF - Post by User
Post by
LTGoldBullon May 11, 2007 2:07pm
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Post# 12767305
El Verde Backlog
El Verde BacklogEl Verde, we know 4/5 holes hit target from 9 March release. Lab must be really backed up, as I really expected news for some time especially by today after yesterday's SP push higher at the close.
Anyday now, then Windfall $$$.
Cheers, Mark
9 March
El Verde
This Noront basemetal property located 26 km NE of Choix Sinaloa, Mexico, was drilled by Canmex Diamond Drill, S.A. de C.V. of Mazatlan Sinaloa, Mexico under contract to Noront Resources (NOT TSX V). Five hundred meters in five diamond drill holes was completed to test the copper-zinc-iron skarn zone at depth. Four of the five holes intersected the base metal surface showing at depth and will be assayed in the coming month. Further diamond drilling is dependent on the results of the initial drill program .
HISTORY
Historical records reviewed established that the project lies approximately 40 km west of the “Glamis Gold Corp’s” El Sauzal Disseminated Gold Deposit and 19 km S.SE of the Pan American’s “Alamo Dorado” Deposit and peripheral to the large Santos Thomas Copper Porphyry Deposit 6 km to the east. These historical records indicate that in the early 1970’s the Mexican government (CRM) completed two short diamond drill holes, one of these holes it is reported intersects 26 meters (81ft) of an average 9.6% zinc (Zn). These records report that this diamond drill hole went to a depth of 70 meters. The top of the unit drilled appears to be in an oxidized skarn, well leached, abundant hematite, copper oxide, some zinc, oxides calcite and phlogopite. Results at the bottom of this hole returned values over 1.2 meters of 17.10% zinc 2.95% copper (Cu) and just under 2 oz of silver (Ag). The Company has been advised that the drill core splits are apparently still warehoused with the CRM in Durango City. The Company will have a representative attempt to verify and log this core at the Governments facility in Durango Mexico.
The Company firstly intends to verify the high-grade hole by drilling and then step out from this first diamond drill hole and drill a second hole approximately 150m and 70m higher in elevation. The second hole will target the high-grade zone but will be drilled through a thick copper oxide cap thought to overlie the extension of the zinc rich sulfide zone. Completion of this initial program will determine the Company’s further exploration and/or joint venture plans.