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Galore Resources Updates Dos Santos Core Program, Bonus Payment, Private Placement and Grant of Options
(via TheNewswire) Vancouver, BC - TheNewswire - August 13, 2019 - ...
About this update from Galore Resources Inc.
[{"type":"text","content":"Galore Resources Updates Dos Santos Core Program, Bonus Payment, Private Placement and Grant of Options(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - August 13, 2019 - Galore Resources Inc. (TSXV:GRI) (\"Galore\" or the \"Company\") is pleased to announce that it has drilled four HQ core holes for a total 1,324 meters at El Alamo as part of a 2,500-meter diamond core drilling program (see News Release May 27, 2019). El Alamo lies within Galore's 100% owned Dos Santos project situated about 16 km south of Concepcion del Oro, Zacatecas, Mexico (Figure 1). \n\n \n \nThe first two holes, EA-001 and EA-002, were submitted to ALS for analysis on July 17th and July 31 respectively and will be reported on shortly. EA-003 was terminated prior to reaching the target depth due to mechanical issues.\n\n \n \n\n\n\n\n\n\n\nClick Image To View Full Size\n\n \n\n\n\n\n\n \n \n\n\n\n\n\n\nFigure 1. El Alamo Target Location.\n\n \n\n\n\n\n\n \n \nHighlights:\n\n \n \nCore holes are targeting gold mineralization associated with brecciated limestone within the Cuesta del Cura formation. The holes have consisted of both angle and vertical holes (Table 1 and Figure 2). \n\n \n \nTable 1 Summary of El Alamo Drilling to date.\n\n \n\nHOLE NO\n\n\n\n\nEAST\n\n\n\n\nNORTH\n\n\n\n\nAZIMUTH\n\n\n\n\nDIP\n\n\n\n\nTOTAL LENGTH\n\n\n\n\nEA-001\n\n\n\n\n255811\n\n\n\n\n2707929\n\n\n\n\n3250\n\n\n\n\n-500\n\n\n\n\n252\n\n\n\n\nEA-002\n\n\n\n\n255811\n\n\n\n\n2707929\n\n\n\n\n3600\n\n\n\n\n-900\n\n\n\n\n358.7\n\n\n\n\nEA-003\n\n\n\n\n255974\n\n\n\n\n2707893\n\n\n\n\n3250\n\n\n\n\n-600\n\n\n\n\n263*\n\n\n\n\nEA-004\n\n\n\n\n255911\n\n\n\n\n2707929\n\n\n\n\n250\n\n\n\n\n-250\n\n\n\n\n450\n\n\n\n \n * HOLE NOT COMPLETED \n\n \n \nGeological observations from EA-001 were reported previously (see News Release June 26, 2019). A vertical hole (EA-002) was drilled from the same pad site as EA-001. EA-003 was drilled approximately 140m to the southwest of EA-001 and EA-002 at the same azimuth as EA-002, but at a minus 60 degree dip. The latest hole, EA-004, was drilled 100m east of EA-001 and EA-002 and drilled to intersect the \"north jasperoid\", an area with strongly anomalous gold values (Figure 2). Vertical hole, EA-005, was collared on the EA-004 pad site. \n\n \n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nDrill holes have intersected more extensiv...