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Auxico Resources: New Gold Discoveries at Aguamas Mine Area
MONTREAL, Quebec, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Auxico Resources Canada Inc. (CSE:AUAG) is pleased to provide its shareholders and stakeholders results from
About this update from Auxico Resources Canada, Inc.
[{"type":"text","content":"MONTREAL, Quebec, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Auxico Resources Canada Inc. (CSE:AUAG) is pleased to provide its shareholders and stakeholders results from a recent exploration campaign that sampled brecciated material over an area of 150 metres long by 70 metres wide in the Aguamas Gold Mine area at Auxico’s 100% owned Zamora Silver-Gold Property in Mexico. The Aguamas structure is to the northwest of the main Zamora structure on the Property, which contains brecciated material over a strike length of 8 km across the Zamora Property. An exploration campaign consisting of mechanical trenching, channel sampling, and assaying over the Aguamas structure has returned very encouraging results. The results of this program demonstrate the nature of the distribution of the gold and silver mineralization at Aguamas, where previous sampling returned assays from grab samples as high as 34 g/t Au, as well as a 50m wide channel sample grading 0.85 g/t Au in trench 1, which is located about 25m north of the Aguamas 1 adit. This program has indicated that the altered breccia host rock is widespread throughout the Property and contains lower grade as well as high grade gold and silver values. The recent work at Aguamas has identified mineralized breccia with vertical and flat quartz veins and stockworks containing gold and silver, which so far can be followed for around 130m. To the east of Aguamas is the historic Los Olotes Mine, where records have shown that assays as high as 6.57 kg/t Ag and 44 g/t Au were selected from the 23m level. The rocks have been described as quartz veins hosted within hydrothermal breccia. At this preliminary stage of development, management believes that a gold corridor of at least 50m wide traverses the Aguamas area and is open in all directions. Trench 2 returned 14.4m of 0.79 g/t Au, including 0.5m of 9.90 g/t Au and 65.74 g/t Ag, and a chip sample from this interval returned 10.21 g/t Au and 362.59 g/t Ag. In addition, a 6m long section of flat veins sampled in the wall of the trench assayed 0.70 g/t Au and 18.23 g/t Ag. Just about all of the trenches returned gold and silver. Assays are still pending for a few of the trenches and are expected shortly. A parallel structure, which was recently identified, is located about 150m to the east of Aguamas and is characterized by a topographically high ridge...