Business
Inomin Acquires La Gitana and Pena Blanca Gold-Silver Projects
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Inomin Mines Inc. (TSXV: M...
About this update from Gunpoint Exploration Ltd.
[{"type":"text","content":"Inomin Acquires La Gitana and Pena Blanca Gold-Silver ProjectsDrilling at La Gitana Includes 133.5 Meters (438 Feet) of 1.78 g/t Gold and 100.7 g/t SilverVancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Inomin Mines Inc. (TSXV: MINE) is pleased to announce the execution of an agreement to acquire the La Gitana and Pena Blanca gold-silver projects in Mexico. The properties are located approximately 100 kilometers east of Oaxaca City in the prolific Oaxaca Gold-Silver Belt that hosts several epithermal gold-silver mines and prospects.HighlightsLa Gitana hosts a significant gold and silver epithermal system defined by 38 drill holesPena Blanca has extensive gold and silver mineralization within 9 sq. km alteration systemProperties prospective for near-surface, bulk-tonnage, gold-silver depositsLa Gitana is an advanced gold-silver project where initial core drilling has outlined a significant, near-surface, gold-silver epithermal system. Pena Blanca, approximately 15 kilometres northwest of La Gitana, is a large-tonnage, epithermal gold-silver prospect, discovered during a regional-scale stream sediment sampling program. The properties are being acquired from Gunpoint Exploration Ltd., (\"Gunpoint\") (TSXV: GUN).Figure 1 - Oaxaca Gold-Silver Belt, MexicoTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/3069/60932_6b7c683bf46a4886_001full.jpgThe Oaxaca Gold-Silver Belt is a major northwest trending regional structure hosting several operating precious metals mines and prospects including Gold Resource's Arista and Mirador gold-silver mines, and Fortuna Silver's San Jose gold-silver mine (Figure 1). La Gitana PropertyLa Gitana is a large, low-sulphidation epithermal system hosting gold-silver mineralization. Gold and silver mineralization at La Gitana is found in high-grade shoots in northwest trending, sub-vertical structures, and as low-grade disseminations within broad zones of quartz stockworks and breccias.During 2004-2006, Chesapeake Gold Corp. (\"Chesapeake\") conducted exploration at La Gitana including surface mapping, sampling, IP-resistivity geophysics, as well as core drilling, primarily at the Cerro Di Oro zone. The Cerro Di Oro zone is one of two subparallel northwest trending mineralized alteration corridors delineated over a distance of 1 kilometer. Drilling of ...