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ST. ELIAS MINES LTD. - TESORO GOLD PROJECT, PERU Bulk Sample Returns Average Grade of 3.74 oz/t Gold
ST. ELIAS MINES LTD. - TESORO GOLD PROJECT, PERU Bulk Sample Returns Average Grade of 3.74 oz/t Gold
About this update from Dynacor Group Inc
[{"type":"text","content":"\nST. ELIAS MINES LTD. - TESORO GOLD PROJECT, PERU Bulk Sample Returns Average Grade of 3.74 oz/t Gold\n\n\n Feb. 3, 2010 (TheNewswire.ca) -- Lori McClenahan, President of St. Elias Mines Ltd. (TSXV:SLI) (\"St. Elias\" or the \"Company\"), is pleased to announce that an additional 9.43 tons of bulk sample material has been processed and has returned an average grade of 3.74 oz/t gold. The sample was obtained from the C2 Vein at the Tesoro Gold Project (the \"Property\") located in southwestern Peru and is part of the Company's ongoing underground exploration program. In addition, the Company is extremely pleased to announce that initial trench sampling suggest potential for disseminated gold.Bulk SampleThe bulk sample material was extracted from the C2 Vein. The bulk samples were processed at the milling facility of Dynacor Gold (TSX:DNG) Mines Inc. located immediately north of the Property. To date, a total of 32.3 tons of bulk sample material averaging 3.14 oz/t gold has been extracted from ongoing underground exploration development at the C2 Vein at the Tesoro Property including 4.1 tons averaging 5.84 oz/t gold and 13 tons averaging 2.02 oz/t gold. The Company is pursuing a high grade shoot on the C2 Vein to investigate its size, continuity and geometry.To date, a total of 1,126 tons of bulk sample material averaging 0.93 oz/t gold has been extracted from ongoing underground exploration development at several locations on the Tesoro Property including:- 643 tons averaging 0.77 oz/t gold from the A4 Vein;- 451 tons averaging 1.00 oz/t gold from the C1 Vein; andUpon receipt of preliminary geophysical sections generated in the field, a small trench-sampling program was completed across a geophysical anomaly corresponding to the \"structural corridor\" in the vicinity of the A4 Vein in Zona Central. Twenty-two 3-m-long bulk samples weighing about 30 kg each were collected from 3 trenches testing a 100-m strike length of the low-resistivity geophysical response. The trenches were aligned perpendicular to the long axis of one distinct low-resistivity anomaly and returned 50 to 1130 ppb gold across an alteration zone up to 45 meters wide, including economically significant assays of 553 ppb gold across 9 meters (3 samples). The zone tested by trenching is 100 meters long, and further work is required to evaluate the much longer st...