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Halcones Precious Metals Identifies Large Geochemical Anomaly Adjacent to NW Zone Drill Intercept at Carachapampa Project
TORONTO, July 13, 2023 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to provide results from recent
About this update from Halcones Precious Metals Corp
[{"type":"text","content":" TORONTO, July 13, 2023 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to provide results from recently completed colluvial and mineralogical studies from the Carachapampa project in Chile (“Carachapampa” or the “Project”). The colluvial study analyzed sediments sampled on a grid over the Northwest zone area. The mineralogical study analyzed thin sections from recent drilling from the Carachapampa project. Carachapampa is located in the prolific Maricunga belt approximately 180 km northeast of the mining center – the city of Copiapo, Chile – with year-round road access (Figure 4, Location Map). Colluvial Sampling Program In mid-May 2023, the Halcones technical team commissioned a colluvial study to follow-up on the drilling results from earlier in 2023 at the Northwest zone. The study comprised 50 samples over a 100m x 100m grid pattern (Figure 1). The samples were analyzed at ALS Laboratory in Copiapo, Chile. The results summarized in Figure 1 highlight a distinct geochemical anomaly comprising elements that are typical pathfinder elements related to gold deposits in the region, between hole CAR23-012 and CAR23-007. For reference, typical regional background levels of As+Sb+Pb are in the range of 40-45 ppm. Figure 1. Colluvial sampling results Northwest zone Mineralogical Study Program Following completion of the drill program, Halcones commissioned GABGEO laboratory to analyze 8 thin sections from drill cores from the early 2023 drill campaign. The goal of the mineralogical study was to gain a better understanding of the relationship between the observed alteration and the mineral assemblage of the new discoveries with the aim of using this data to improve drill hole targeting in future exploration campaigns. Particular interest was paid to the observed alteration and intensity of silicification in relation to mineralization. With this information, the Halcones technical team is able to project and better understand the spatial relationship of drill holes in relation to the conceptual deposit model. Also, increased understanding of the alteration and mineral assemblage will help Halcones better relate these results to the conceptual geologic model Halcones’ geologists have utilized for drill targeting thus far. Carachapampa is covered with a thin veneer of younger vol...