Seafield Discovers Porphyry Style Mineralization at Tesorito; Drills 384 m at 1.01 g/t Au, 0.9 g/t Ag and 0.08 % Cu, Including 29.3 m at 1.9 g/t Au, 1.0 g/t Ag and 0.12 % Cu
https://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0876347001&sourceType=1https://media3.marketwire.com/logos/20120214-sea2000.jpg TORONTO, ONTARIO -- (Marketwired) -- 05/28/13 -- Seafield Resources Ltd. ("Seafield" or "the Company") (TSX VENTURE:SFF) is pleased to announce it has made a new discovery of gold-copper porphyry mineralization at its Quinchia Gold Project in Risaralda, Colombia. Assay results reported below are from the first drilling completed at the Tesorito target, located only 800m south-east of the Miraflores Gold Deposit. To date, 750 metres have been completed in two drill holes, both of which ended in mineralization. The drilling at Tesorito is testing a broad target identified from earlier surface exploration which included geological mapping, soil sampling, trenching and geophysics. These initial drill results suggest the potential for another significant mineralized body within the Company's Quinchia Gold Project.
Highlights:
-- Drill hole TS-DH-02 intersected 384 m at 1.01 g/t Au, 0.9 g/t Ag and 0.08 % Cu, Including 29.3 m at 1.9 g/t Au, 1.0 g/t Ag and 0.12 % Cu. -- The anomalous zone outlined by gold in soils and high chargeability IP covers an area of 500 metres by 700 metres. -- Tesorito is situated 800 metres southeast of the Miraflores Gold Deposit at an elevation of approximately 1,200 metres above sea level (See Figure 1). -- Drill holes TS-DH-01 and TS-DH-02 intercepted continuous gold, silver and copper mineralization and alteration from surface to the bottom of each hole, with both holes ending in mineralization.
"This marks a new discovery for Seafield and continues to highlight the geological potential of the district," commented Seafield's President and CEO, Cesar Lopez. "Tesorito was originally examined as a possible location for a tailings site for Miraflores, but our field work quickly identified its mineral potential and we were led to make a discovery instead. Our geological team is busy interpreting the information we have collected in order to finalize plans for the remainder of the initial exploration program at Tesorito. Meanwhile, the Company's main focus continues to be completing the Definitive Feasibility Study at Miraflores by the end of 2013."
Details:
Table 1 provides the assay results of the first two diamond drill holes completed at Tesorito. The objective of this first drill campaign is to confirm the continuity at depth of the gold and copper mineralization observed at surface (See the Company's press release dated September 27, 2012). Both holes intercepted porphyry style mineralization and alteration from surface to the final depth of each hole.
Table 1 - Drill Hole Assay Results: From To Interval Au Ag CuDrill Hole (m) (m) (m) (g/t) (g/t) (%)----------------------------------------------------------------------------TS-DH-01 81.5 350 268.5 0.46 0.6 0.03including 170.3 222.50 52.2 0.50 0.4 0.04including 243.4 276 32.6 0.87 1.9 0.07TS-DH-02 16 400 384 1.01 0.9 0.08including 136.75 166.05 29.3 1.90 1.0 0.12including 346.5 400 53.5 0.80 1.0 0.15----------------------------------------------------------------------------Note: Only continuous intervals of mineralization over 6 metres with a cut- off grade of 0.2 g/t Au are reported.
Table 2 - Drill Hole Coordinates: Drill Easting Northing Elevation Azimuth Inclination Depth Hole (m) (m) (m) ( degrees ) ( degrees ) (m)----------------------------------------------------------------------------TS-DH-01 423,950 584,525 1,217 315 -50 350TS-DH-02 423,840 584,369 1,219 315 -55 400----------------------------------------------------------------------------