Business
MANTARO PRECIOUS METALS CORP. ANNOUNCES RESULTS FROM PETROLOGICAL STUDY OF GOLDEN HILL DRILL CORE
MANTARO PRECIOUS METALS CORP. ANNOUNCES RESULTS FROM PETROLOGICAL STUDY OF GOLDEN HILL DRILL CORE...
About this update from First Andes Silver Ltd
[{"type":"text","content":"\n \n \n \n MANTARO PRECIOUS METALS CORP. ANNOUNCES RESULTS FROM PETROLOGICAL STUDY OF GOLDEN HILL DRILL CORE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 28, 2023\n \n \n /CNW/ -\n \n MANTARO PRECIOUS METALS CORP.\n \n (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (the \"Company\" or \"Mantaro\") is pleased to report results from a petrographic study on drill core from the Company's maiden drill program at the Gold Hill gold deposit in\n \n Bolivia\n \n . This report represents a final stage of verification prior to release of a maiden mineral resource estimate.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Gold deposition at La Escarcha, including gold grades intercepted in the maiden drill program, is primary and not related to supergene effects. This has positive implications for gold grades at depth.\n \n \n \n \n Gold occurs as free-milling native gold present primarily at quarts-carbonate crystal boundaries and along fractures within quartz and pyrite.\n \n \n \n \n Gold grain size and shape, and likelihood that a significant percentage of native gold will liberate freely during comminution, is consistent with the results of bench-scale metallurgical tests which reported excellent gold recovery by gravity and cyanidation.\n \n \n \n \n Sulphide content is generally low, which in conjunction with abundant acid-neutralizing carbonate gangue minerals, have positive implications for tailings\n \n \n \n \n Dr\n \n Chris Wilson\n \n , FAusIMM (CP), FSEG, FGS, principal consultant to Mantaro comments, \"\n \n The findings of the petrological study and bench-scale metallurgical testing by SGS, have further de-risked the project. Given that Golden Hill is a permitted mining concession, the petrographic data will assist in review of near-term mining scenarios, and design of a high reward Phase 2 drill program to target along strike and deeper extensions of La Escarcha mineralized system.\"\n \n \n \n A petrographic study was conducted on 32 drill core samples from the Company's maiden...