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Tesoro C2 Vein Bulk Sample Returns Average Grade of 62.83 g/t Gold
Tesoro C2 Vein Bulk Sample Returns Average Grade of 62.83 g/t Gold
About this update from Dynacor Group Inc
[{"type":"text","content":"\nTesoro C2 Vein Bulk Sample Returns Average Grade of 62.83 g/t Gold\n\n\n Jan. 4, 2010 (TheNewswire.ca) -- Trading Symbol: SLI (TSX Venture Exchange)EKL (Frankfurt Exchange)SELSF (U.S. Clearing Symbol)News Release 2009-25January 4, 2010NEWS RELEASETesoro C2 Vein Bulk Sample Returns Average Grade of 62.83 g/t GoldLori McClenahan, President of St. Elias Mines Ltd. (TSXV:SLI) (\"St. Elias\" or the \"Company\"), is pleased to announce that an additional 13 tons of bulk sample material has been processed and has returned an average grade of 2.02 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.The 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 17.1 tons of bulk sample material averaging 2.94 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.To date, a total of 1,098 tons of bulk sample material averaging 0.90 oz/t gold has been extracted from ongoing underground exploration development at the Tesoro Property including:· 643 tons averaging 0.77 oz/t gold from the A4 Vein;· 438 tons averaging 1.01 oz/t gold from the C1 Vein; and· 17 tons averaging 2.94 oz/t gold from the C2 Vein.The Tesoro Gold Project is 100% owned by the Company with no underlying royalties. The Property covers 2,000 hectares (5,000 acres) and is part of the well-known gold-bearing Nazca-Ocoña belt that is located in southern Peru. The continuity of the quartz veins is impressive in the Nazca-Ocoña belt. While the veins tend to be narrow, the gold grade is significant and the mineralized structures tend to extend along strike for kilometres and to depths of up to 1,000 metres.To date, the Company has identified five mineralized zones with more than 50 quartz veins (having a total combined length of 9 km) at the Tesoro Project. The veins are mesothermal, indicating that the vein structures may extend to considerable depths. The Tesoro Property has never been evaluated to depth, or to its full st...