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Santa Barbara Trenches 21.4 m of 0.85 g/t Gold at San Francisco, Maricunga Gold Belt, Region III (Atacama), Chile
Jan. 21, 2011 (Filing Services Canada) -- Santa Barbara Resources Limited (SBL - TSX Venture), ...
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nSanta Barbara Trenches 21.4 m of 0.85 g/t Gold at San Francisco, Maricunga Gold Belt, Region III (Atacama), Chile\n\n\n Jan. 21, 2011 (Filing Services Canada) -- Santa Barbara Resources Limited (SBL - TSX Venture), is pleased to announce initial exploration results from its recently optioned 3,740 hectare San Francisco Project located in the Maricunga District of Region III, Atacama, Chile.On the San Francisco property, an area of hydrothermal alteration, 7 km long and up to 2 km wide, exposes principally argillic alterations with associated color anomalies. During the initial exploration program, geological mapping and sampling of four trenches was conducted. In total 141 samples (typically over 3 m) were collected, with individual sample values ranging from below detection (Santa Barbara's President Christoph Lassl commented: \"We are very pleased with the advances at our new San Francisco project. Only three days after signing the option agreement our field crew was on the ground to commence the exploration program. The significant gold mineralization encountered in trench T 2 is associated with the presence of black banded quartz veinlets. Such veinlets are known to be related to gold mineralization in many of the world-class gold deposits in the Maricunga District. In addition, the other trench results also show anomalous values over significant lengths. Currently we are conducting a property wide geochemical sampling program covering approximately 12 km2. The sampling will cover the entire area of outcropping alteration with the objective of outlining drill targets for the next exploration season.\"Santa Barbara has the right to acquire, subject to certain option requirements, a 100 % interest in the San Francisco gold exploration property from Sociedad Legal Minera Pomez VIII Del Campo de Piedra Pomez. The terms of this transaction are summarized in Santa Barbara's press release dated December 7, 2010.Trench SamplingTrench T 2 has returned an interval of 21.4 metres (m) at an average grade of 0.85 grams per tonne (g/t) gold followed by 97.5 m of 0.06 g/t gold. Black banded quartz veinlets, indicative of high-level porphyry/epithermal gold mineralization typical in the Maricunga gold belt, have been observed within this mineralized interval. Higher gold grades are associated with the presence of more abundant veinlets. T...