Business
Santa Barbara Drills 154 M @ 0.45 G/T Gold, Including 12 M @ 0.77 M Gold and 56 M @ 0.61 G/T Gold at Sancos, Peru
Jan. 5, 2011 (Filing Services Canada) -- Santa Barbara Resources Limited (SBL - TSX Venture), i...
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nSanta Barbara Drills 154 M @ 0.45 G/T Gold, Including 12 M @ 0.77 M Gold and 56 M @ 0.61 G/T Gold at Sancos, Peru\n\n\n Jan. 5, 2011 (Filing Services Canada) -- Santa Barbara Resources Limited (SBL - TSX Venture), is pleased to report gold intersections from the first eleven drill holes of the current drill program at its epithermal high sulphidation gold Sancos Project in Peru.  Drill Program UpdateEighteen reverse circulation drill holes have been completed at Sancos in November and December 2010 for a total of 3,365 m, following up on anomalous trench sampling results. The holes were drilled north of the areas trenched in Sancos West and Sancos Central as well as northwest of the outcrops of Sancos East. Assay results have been received for eleven of the eighteen holes. Most holes intercepted wide intervals of gold mineralization hosted in granular silica, massive silica, vuggy silica and hydrothermal breccias. Of particular interest are intersections in SARC 011 of 154 metres (m) at an average grade of 0.45 grams per tonne (g/t) gold, including 12 m @ 0.77 g/t gold and 56 m @ 0.61 g/t gold. The gold mineralization starts at surface and the hole ends in gold mineralization. SARC 010 contains an intersection of 232 m at 0.20 g/t gold, including 38 m @ 0.36 g/t gold. The mineralization in SARC 010 starts at surface and the hole ends in mineralization. SARC 010 is located adjacent to and at a distance of approximately 210 m west of SARC 011. Both holes are located in Sancos Central.Six of the eight holes with reported assay results drilled in Sancos West contain anomalous gold values over wide intercepts, including 118 m @ 0.18 g/t gold in SARC 001, 66 m @ 0.17 g/t gold in SARC 002, 22 m @ 0.46 g/t gold in SARC 003, 150 m @ 0.12 g/t gold in SARC 004, 88 m @ 0.18 g/t gold in SARC 005 and 78 m @ 0.14 g/t gold in SARC 006.All mineralized intervals described for Sancos Central and Sancos West are contained within oxidized rocks. A summary of all drill holes reported today is provided in the table below. Intersections of particular interest are highlighted in bold text. A map of the drill hole locations and images of the ongoing drill program as well as  some selected drill chip boxes can be viewed on the Company's  web site at www.sbr-ltd.com.  -----------------------------------------------...