Business
Santa Barbara Drills 94 metres @ 0.47 g/t Gold from Surface at Sancos Project, Peru
Feb. 8, 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 94 metres @ 0.47 g/t Gold from Surface at Sancos Project, Peru\n\n\n Feb. 8, 2011 (Filing Services Canada) -- Santa Barbara Resources Limited (SBL - TSX Venture), is pleased to report gold intersections from the final six holes drilled on the Sancos Project in January 2011, completing the Company's first phase 4,533 m reverse circulation (RC) drill program of 24 holes. Santa Barbara's President Christoph Lassl commented: \"After the completion of our RC drilling program at Sancos we are pleased to have discovered significant gold mineralization in several of the drill holes. SARC 011 and SARC 019 have encountered potentially ore-grade intercepts over 154 metres (m) and 94 m respectively. These holes together with four adjacent drill holes which also encountered significant gold mineralization over long intersections seem to define a mineralized corridor with an apparent west-northwestern orientation. In the following weeks Santa Barbara will compile and evaluate the information from this initial drill campaign, and we are confident that the property warrants additional drilling, specifically testing the model of grades increasing towards the north at Sancos Central, as well as testing additional target areas not yet drilled. A geophysical survey is planned for selected areas on the property prior to the next drilling phase to aid in the identification and definition of structures and providing additional exploration targets.\"Drill Program UpdateFive of the six reverse circulation drill holes reported in this release were targeted on the Sancos Central area and one on Sancos West, for a total of 1,168 m. These results are compiled in the table below. The results of the first eighteen holes were reported on January 5, 2011 and January 19, 2011. The significant results from the entire 24-hole drill program are attached to this news release.Holes SARC 019, SARC 020 and SARC 021 show significant intersections of gold mineralization associated with the presence of phreatomagmatic breccias. The alteration is characteristic of high sulphidation epithermal gold systems, including granular silica, massive silica, vuggy silica and hydrothermal breccias. All of these holes are drilled vertically and remained in oxide material to their final depth, and holes SARC 019 and SARC 21 also ended in mineralized rock.Hole SAR...