Volcanic Gold drills 6.52m of 16.31 g/t Au at Holly
2021-09-09 09:13 ET - News Release
Mr. Simon Ridgway reports
VOLCANIC GOLD DRILLS 6.52M @ 16.31 G/T AU AT HOLLY
Volcanic Gold Mines Inc. has released further high grade drill results from step out drilling from La Pena vein at the Holly Project in Guatemala.
Highlights:
HDD-21-017 from 134.25 to 139.00 returns 8.83m @ 8.81 g/t Au and 355 g/t Ag
HDD-21-019 from 171.90 to 178.42 returns 6.52m @ 16.31 g/t Au and 55* g/t Ag
HDD-21-020 from 61.70 to 67.10 returns 5.40m @ 5.91 g/t Au and 70* g/t Ag
Results from the Holly project drilling have been received for holes up to HDD-21-020 and consistently, the deeper holes return better results, with mineralization open to the south/north and down dip.
A table of 2021 holes drilled at La Pena is set out below:
Note: As indicated by * symbols, some samples from HDD-21-019 and HDD-21-020 are still pending final results that returned over 100 g/t silver and or 100 g/t gold. Final gold and silver assay results are expected soon and will likely increase the weighted averages for these intercepts. Reported intervals are drilled width. True width is estimated at 80% of true width.
To date the La Pena vein has been tested over a strike length of 220m and a vertical depth up to 200m. Drilling has encountered variable grades within the vein although most holes that intercept the vein deeper return high grades. The drill will be turning again on the 15th of September and the focus of the program will be to confirm depth and strike continuity to establish a high grade maiden resource.
The La Pena is one of many north-south veins that cross the regional Jocotan plate bounding fault. Mineralization controls at the Holly project are still not well understood but consistently where drilling intersects the north-south veins within Jocotan fault breccia, the mineralization and gold-silver grades are the strongest. A major focus of the upcoming drilling will be to not only confirm mineralization in La Pena and other veins, but to test the extensive breccia in the plate bounding Jocotan fault.
Quality Assurance and Quality Control