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Galore Drill Commences 2019 2,500 Meter Core Program at Dos Santos Project
(via TheNewswire) June 4, 2019 / TheNewswire / Vancouver, BC: Galo...
About this update from Galore Resources Inc.
[{"type":"text","content":"Galore Drill Commences 2019 2,500 Meter Core Program at Dos Santos Project(via TheNewswire)\n \n \nJune 4, 2019 / TheNewswire / Vancouver, BC: Galore Resources Inc. (TSX-V: GRI) (\"Galore\" or the \"Company\") is pleased to announce that Minerales Galore S.A, De CV., Galore's wholly owned Mexican subsidiary, has commenced drilling as part of a 2,500-meter diamond core drilling program (see News Release May 27, 2019) at Galore's 100% owned El Alamo target and part of the larger Dos Santos project. This is the first drill program conducted at El Alamo. \n\n \n \nEl Alamo gold target is situated about 16 km south of Concepcion del Oro, Zacatecas, Mexico. Geologically, El Alamo consists of Cretaceous sediments, mostly limestones with some siltstones and chert. Locally, strong brecciation of the limestone occurs in association with folding in part related to these structural zones and also occurring with karst type brecciation. Alteration and mineralization are represented by varying amounts of silicification and iron-oxide bodies after sulfides. Some of the higher-grade gold values are associated with extensively iron-oxide jasperoid breccias.\n\n \n \nIn consideration for assisting in the arrangement of the contract for the drill program, the Company has agreed to pay a finder's fee to an arm's length third party in the amount of 250,000 common shares, subject to acceptance by the TSX Venture Exchange\n\n \n \nHighlights:\n\n\n \nCurrently a track mounted core rig operated by COMEFIN S DE RL DE CV of Mexico is targeting gold mineralization discovered by Galore's previous exploration programs that included geological mapping, trenching and shallow air track drilling. The mineralization was found to be associated with jasperoid and karst breccias exposed along the east-west trending El Alamo ridge. The drilling is designed to intersect the known surface zone of mineralization (Figure 1). \n\n \n \nThe first hole, EA-001, is at 70m depth. The core has not been logged. However, the \"quick logs\" indicate that the hole has intersected silicified and limonitic limestone with zones of brecciation and faulting with areas of quartz and calcite stockwork. The 2019 drill program will consist of approximately twelve (12) HQ core holes, but could be expanded pending positive drill results. The program also intends to test a highly prospective ...