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Ares Strategic Mining Inc. Announces New Fluorspar Discovery on Its Permitted Mining Area
(TheNewswire) - Ares identifies a new zone of fluorspar min...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Ares Strategic Mining Inc. Announces New Fluorspar Discovery on Its Permitted Mining Area\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n - Ares identifies a new zone of fluorspar mineralization connected to\nits preliminary mining target.\n \n \n - Following the successful Phase 1 delineation program, Ares\naccelerates its exploration and delineation program and expands its\nmining targets.\n \n \n - The new discovery connects two known mining sites and expands the\npreliminary mining plan scope.\n \n \n - All 5 drill holes within the new zone have intersected fluorspar\nmineralization, with mineralization boundaries still remaining open.\n \n \n - After the positive drilling results, the Company will continue to\ndelineate additional fluorspar mineralized zones for its planned\nfuture mining operations.\n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n October 5\n \n \n th\n \n \n , 2020 -- Ares Strategic Mining Inc.\n(\"Ares\" or the \"Company\") (TSXV:ARS) (OTC:ARSMF)\n(FRA:N8I1)\n \n , is pleased to announce the discovery of new and\nadditional fluorspar mineralization between its the Little Giant Pit\n(LGP) mining site, and an historic mining site called the Purple Pit,\nall falling within its permitted mining area (Figure 1).\n \n \n Ares has accelerated its RC drilling exploration program, expanding\nthe known LGP target after a successful first round of delineation\ndrilling. The Company has also discovered a new area of fluorspar\nmineralization between the recently drilled (LGP) mining site and the\nhistoric mining area of the Purple Pit. Both mining sites are\ncharacterized by high-grade fluorspar mineralization and geological\nevidence now clearly indicates the LGP branches off from the Purple\nPit. Drilling suggests the newly discovered fluorspar connects these\nmining areas and forms one large single fluorspar bearing breccia.\nCurrent drilling has delineated a fluorspar zone over >35m long and\n15m wide in plan view (see Figure 1). Drilling has further tested the\nzone to a vertical depth of 70m as per the deepest drill intersect\n(see Figure 2). Mineralisation is still open to the north, south and\nat depth.\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure. 1 Plan view of 2020 drill holes and location of\nnewly discovered fluorspar...