Santa Fe with 26 vein systems and 5 klm of surface veinsThe grades are similiar to Mina Real with 11 mineralized zones being not to far from Mina Real mill from past exploration, and we should see work starting there in the next report.
The Company has identified 26 other vein systems across the Santa Fe property with several vein systems striking greater than 4 kilometers traced along surface. Of note, the "Clavellinos" vein system, at its north end, has a 40 meter wide mineralized alteration zone with three sub-parallel high-grade epithermal veins emplaced within, including a horizon potentially up to 700 meters (twice the horizon found at the Florida Mine). 4+ kilometers away at the south end, the Clavellinos vein system has variable widths between 5 meters and 8 meters traced at surface.
The work to date has better defined the three main vein systems, all of which trend northwesterly and are sub-parallel with some cross veining. From west to east, these are the Jonas system, the Clavellino system, and the Tajitos system.
Of the three, initial indications are that the Clavellino system is the most extensive, having been traced over a length of more than 3 kilometres. The width of this structure varies from 1 metre to 40 metres. At the south end, multiple quartz veins occur over a width of 30 to 40 metres, with mineralization in the intervening wallrocks. At the north end (El Picacho), the vein structure is more discrete, consisting of a 5.4 metre wide zone of silicification.
Work to date has defined three main vein systems at Clavellinos, all of
which trend northwest and are sub-parallel with some cross veining.
>From west to east, these are the Jonas System, the Clavellinos System
and the Tajitos System. The Jonas system is located 120 metres west of
and parallel to the Clavellinos System, and the Tajitos System is
located 220 metres east of and parallel to the Clavellinos System. The
strike length traced at surface for
Clavellinos has increased and is now greater than 5 kilometres, Jonas has a strike length of 2.7 kilometres and
Tajitos has a strike length approximately 1 kilometre. The strike extensions of all three vein systems are vegetation covered, and may mask greater strike lengths. The Company has recently constructed approximately 8 kilometres of new
road access to the central portion of the Clavellinos area. This work
exposed at surface the aforementioned vein systems with a significant
discovery of a 40 metre wide mineralized alteration zone at the
Clavellinos System with three sub-parallel high grade epithermal veins
emplaced within.
Work to date at the Clavellinos area includes trenching, channel
sampling, mapping, structural interpretation, and geological modeling.
Channel and trench samples to date have returned the following results: WIDTH AVG. GOLD g/t AVG. SILVER g/t ELEVATION
8.80 metres 1.96 140.19 1490 metres
8.32 metres 1.76 115.27 1470 metres
5.58 metres 2.94 271.16 1460 metres
18.40 metres 0.09 80.32 1300 metres
In addition, a significant feature of the vein systems at Clavellinos
is the identification of gold and silver mineralization over a vertical
extent significantly greater than what is found at the Company's
adjacent Mina Real Project. The vein structures on the Santa Fe Project
appear similar to those encountered at Mina Real where strong gold and
silver grades have been reported from the Company's mining activities