Business
Vangold Mining Concludes Phase 1 Drilling at El Pinguico to Focus on Phase 2 Drilling In-Situ El Pinguico Vein
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2018) - Vangold Mining Corp. (TSXV: VA...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Vangold Mining Concludes Phase 1 Drilling at El Pinguico to Focus on Phase 2 Drilling In-Situ El Pinguico VeinVancouver, British Columbia--(Newsfile Corp. - March 5, 2018) - Vangold Mining Corp. (TSXV: VAN) (OTC Pink: VGLDF) (FSE: E35B) (\"Vangold\" or the \"Company\") updates Phase 1 drilling underground stockpile initiated on January 18, 2018.On February 25, 2018, the Company completed the fifth of the 15 proposed drill holes of the Phase 1 drill program, targeting a broad sampling of existing broken material located in the mined stopes of the El Pinguico property. The core samples from the drill holes were assayed at Platinum Corp. lab complying to International Standards ISO 9001:2000 and ISO 17025:2005, located in Guanajuato, Mexico. After completing the fifth drill hole, the Company suspended the drill program due to inconsistent core recoveries and assays received that were less than satisfactory when compared to the February 2017 trenching samples and various grab samples retrieved from the underground stockpile. Recovery loss was potentially due to numerous voids within the stockpile, and the inherently difficult nature of core drilling into unconsolidated material and open mine workings. Kristopher J. Raffle, P.Geo. (BC), Principal and consultant of APEX Geoscience Ltd. (APEX) commented, \"The Company is currently reviewing the recently received El Pinguico underground stockpile drilling assay results, and the effect that relatively inconsistent recoveries, and loss of fine material may have on sample grades; and ultimately our assessment of the representivity of sampled material in comparison to the in-situ stockpile. Once the comprehensive review has been completed, the Company will provide a full report.\"Cameron King, President and CEO quotes, \"The drilling of the stockpiled material was implemented to prove the ultimate value of previously mined material during the mine's life from 1908 to 1913. Early in the Phase 1 program, it became clear that the inconsistent recoveries would not provide a minimum of samples required to provide value to the 500,000 mt stockpile for the purposes of a resource calculation and PEA economics. Whereas, drilling in-situ veins, the recovery of the core can be logged consistently. Therefore, the Company will not be proceeding with its initial plans of providing a preliminary economic ...