AMX.V and BOW.V start drilling Starts drilling 2,500 m at Chivas
2012-02-22 08:32 ET - News Release
Mr. Paul Dumas reports
BOWMORE BEGINS DRILLING ON CHIVAS GOLD-SILVER PROPERTY, SONORA, MEXICO
Bowmore Exploration Ltd. has started a phase-one 2,500-metre diamond drill program on the Chivas property located in Sonora, Mexico.
The objective of the first phase of drilling will be to:
Test the IP geophysical anomalies on the Silica Cap zone (see news release dated Nov. 22, 2011). These IP anomalies identified moderate to strong chargeability values over large volume of rock extending south-southeast-north-northwest over these zones;
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- Test the areas of the Mesa Blanca zone where high-resistivity anomalies at the subsurface were found, indicating the presence of anomalous silica content associated with disseminated sulphide. It also corresponds to previous surface sampling and identification of high silicification, and a large area with presence of anomalous buddingtonite from the TerraSpec sampling program done in early 2011;
- To follow up on the previously drilled Piedra Rodante gold-silver zone and to test possible extensions of the mineralization to the south and at depth, where historical values returned up to 1.26 grams per tonne gold and 182 grams per tonne silver over 15 metres. (See Amex Exploration Jacques Marchand (qualified person), National Instrument 43-101 report, March 1, 2010.)
These significant targets have been defined by previous exploration work in 2010 and 2011 that led to the identification of a large low-sulphidation epithermal system that covers an area of approximately 5.2 square kilometres (see news release Oct. 26, 2010, news release July 14, 2011, and news release Nov. 22, 2011).
The property
The property is composed of two claims covering over 24,841 hectares and is located within the Sierra Madre occidental gold belt. The SMO is host to reserves of more than 40 million ounces of gold and two billion ounces of silver. The Chivas property is optioned from Amex Exploration Inc. and is 15 kilometres to the west of the Dolores mine owned by Minfinders Corporation Ltd. The earn-in option provides Bowmore the right to acquire up to 70-per-cent interest in the property (see news release dated April 8, 2010).
Paul Dumas, president and chief executive officer of Bowmore Exploration, stated: "We are very excited to test drill the Chivas property where we have been focusing our effort over the last two years. So far results have been very encouraging corroborating the evidence of a very large epithermal system. The initial drill program will allow us to test the first three zones being the Silica Cap, Mesa and Mesa Blanca. The result of previous work programs clearly indicate extensions towards the Cerro Rojo zone that will need further follow-up."
Jean-Marie Pronovost, PGeo, chief geologist for Bowmore, is the qualified person who has reviewed this news release and is responsible for the technical information reported herein.
We seek Safe Harbor.