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Bocana Resources Announces Diamond Drill Assay Results from Escala Gold/Silver/Base Metal Project in Bolivia
CALGARY, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ("Bocana" or the "Company") is pleased to announce assa
About this update from Bocana Resources Corp
[{"type":"text","content":" CALGARY, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) (\"Bocana\" or the \"Company\") is pleased to announce assay results from diamond drill holes HRC2303-HRC2305 on the Escala area concession in southwest Bolivia. Assay results confirmed high grade gold/silver and base metals associated with late stage hydrothermal breccias. The Company's inaugural drilling was completed on October 24, 2023, and tested both the Cerro Galapagos and Cerro Blancos areas as well the Laura Zone. The Cerro Galapagos target area hosts a large, multi-phased, felsic intrusive complex with extensive alteration and up to 4 phases of sulphide mineralization observed. HRC2303 and HRC2304 tested the Cerro Galapagos area, HRC2305 was completed in the Cerro Blanco area. Highlights of assay results for holes HRC2303-HRC2305 are as follows in Table # 1: Table # 1 – Selected Assay Results Hole Number From To Core Length* Gold Silver Copper Lead Zinc (m) (m) (m) (g/tonne) (g/tonne) (ppm) (ppm) (ppm) HRC2303 277 278.8 1.8 0.89 23.3 13600 75.7 188 HRC2304 208.84 210.27 1.43 3.12 78.9 8910 685 1564 257.93 258.43 0.55 1.85 >100 >10000 >10000 >10000 279.57 282 1.47 1.97 >100 >10000 >10000 >10000 HRC2305 42.82 43 0.18 4.11 97.5 >10000 219 492 *Core length is not true width. True width is unknown. Discussion of Results Cerro Galapagos Cerro Galapagos contains a large approximately, 2.0 X 2.0-kilometre, circular, induced polarization (IP) chargeability high and moderate to high resistivity anomalies. Diamond drill holes (HRC2303-2304) were completed at Cerro Galapagos where a large, felsic porphyry complex containing multiple phases and extensive argillic and phyllic alteration zones occur. HRC2303 is located approximately 200 metres north of the central core of the IP chargeability anomaly. The core depth was extended by more than 200 metres due to the extent of and the increasing concentrations of sulfides being observed with depth. Several intrusive phases were encountered, most of which were mineralized again by pyrite and minor arsenopyrite-pyrite phases. Starting at 277.0...