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Aclara Provides Brownfield Exploration Results
TORONTO, ON / ACCESSWIRE / July 25, 2022 / Aclara Resources Inc. (" Aclara " or the " Comp...
About this update from Aclara Resources, Inc.
[{"type":"text","content":"Aclara Provides Brownfield Exploration ResultsTORONTO, ON / ACCESSWIRE / July 25, 2022 / Aclara Resources Inc. (\"Aclara\" or the \"Company\") (TSX:ARA) is pleased to announce drilling results completed over Alexandra Poniente, a new exploration area within the Penco Module Project (the \"Project\"), located 15 km from Concepcion, Chile.A total of 3,011.5 m from 100 drill holes were completed over Alexandra Poniente during 2021 and early 2022, for a total drill hole inventory of 18,566 m with 665 drill holes over the Project area. The purpose of this drilling campaign was to increase the Mineral Resource base at the Project. The results of this drilling campaign will be included in an updated Mineral Resource statement to be issued in Q4 2022.Alexandra Poniente is located in the western part of Alexandra Oriente as an extension of the mineralization given by the presence of garnet granitoid and the development of soil horizons. Figure 1 shows the spatial relationship between Alexandra Poniente, Alexandra Oriente, and the other mineralized zones located within the Penco Project area.The drill hole program was successful in:confirming the hypothesis that Alexandra Poniente is an extension of the Alexandra Oriente mineralization;extending known mineralization at similar grades and widths to the north and west of Alexandra Poniente;extending the depth of known mineralization in the center of Alexandra Poniente; andconfirming the continuity and thickness of the Alexandra Poniente deposit.A collar location map highlighting new drilling is also shown in Figure 1 and the new drill hole intersections drilled between May 2021 and March 2022 are shown in Table 1. The new drill holes, averaging 30 m in depth, are similar in style and grade to other deposits at the Project. Where drill holes intersected mineralization with TREY grades above 1800 ppm, the width and average composite grades (ppm) of these intersections are also shown in Table 1. Previous drill hole information for the other known mineralized areas forming part of the Penco Project (Maite, Victoria Norte, Victoria Sur, Alexandra Oriente, and Luna) has been summarized in the Preliminary Economic Assessment (PEA) NI 43 101 Technical Report for Penco Module Project (Ausenco, 2021) (the \"Technical Report\") and available under the Company's profile on SEDAR at www.sedar.com.Figure...