Business
Galore Mobilizes Drill to Dos Santo Project
(via TheNewswire) May 27, 2019 / TheNewswire / Vancouver, BC: Ga...
About this update from Galore Resources Inc.
[{"type":"text","content":"Galore Mobilizes Drill to Dos Santo Project(via TheNewswire)\n \n \nMay 27, 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, signed an agreement with COMEFIN S DE RL DE CV of Mexico to immediately mobilize a drill core rig to complete a 2,500-meter diamond core drilling program at Galore's 100% owned El Alamo project. The agreement also allows for an additional 1,500 meters of drilling at Galore's 100% owned Los Gemelos project, where previous work has exposed narrow quartz and calcite veins containing visible gold. Drill permits from the governing body, SEMARNAT, and local Ejido's permissions have been approved for both, therefore road preparations and drill pad site construction has begun at El Alamo. Both projects are located in a highly prospective district that boasts the Penasquito Mine, Mexico's largest open pit gold mine located 35km to the northwest.\n\n \n \nThe El Alamo gold project is situated approximately 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 \nGalore's geological team systematically mapped and trenched the El Alamo prospect in 2010, following this up in 2012 with a percussion drill program of 35 shallow holes. This work defined a target with a minimum strike length of 500m and approximately 200 meters north- south in width. It remains open along strike and possibly is in association with a parallel zone to the south as defined by surface samples. Gold values from over 440 trench samples ranged from below detection (<0.005 ppm) to a high of 20.4 ppm, with 64 samples exceeding 0.100 ppm and 22 surpassing 1.0 ppm. The shallow drilling in 2012 encountered widespread anomalous gold values up to 17.15 ppm and several of these drill holes ended with anoma...