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Halcones Precious Metals Intersects 3.91% Cu and 0.21 g/t Au Over 8 Metres at Carachapampa Project, Chile
TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to provide results from the fi
About this update from Halcones Precious Metals Corp
[{"type":"text","content":" TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to provide results from the first hole of the ongoing exploration program at the Carachapampa project (“Carachapampa or the “Project”). Carachapampa is located in the prolific Maricunga belt approximately 180 km northeast of the city of Copiapó with year-round road access. In the immediate vicinity of Carachapampa are several large-scale operating mines including La Coipa (Kinross) and Salares Norte (Gold Fields) hosted in similar geology to Carachapampa. Drilling Highlights: The upper section of Hole CAR23-015 returned 3.91% Cu and 0.21 g/t Au over 8 m from 151 m downhole at the Northwest target. This intercept is approximately 60 m from the 0.55% Cu over 2m intercept at the end of hole CAR23-012 (Figure 1; see press release dated April 27, 2023). The return of assay results has been slow and approximately 50 assays are currently outstanding from the bottom of hole CAR23-015. According to Ian Parkinson, CEO and Director of Halcones, “High grade copper over a significant intercept is a great start to our ongoing drill program. This program was designed to follow-up on the successes of our previous work and that momentum continues. The presence of high-grade copper coupled with strong alteration and highly anomalous pathfinder elements over greater than 100 m of core length indicates we have the potential to make a significant discovery at Carachapampa.” Halcones plans to drill an initial 5 holes in the current drill campaign targeting the Northwest and Central targets. Following receipt of data from the ongoing drill program, next steps will be planned accordingly. This phase of drilling plans for each hole to be approximately 300 m in length, which is approximately double the depth of the previous campaign (see press release dated April 27, 2023). The improved understanding of the geology at Carachapampa has indicated previous drilling was likely not deep enough. Vernon Arseneau, P.Geo., COO and Director of Halcones states, “In addition to the high-grade copper intercept, drill hole CAR23-015 confirmed the presence of a significant alteration zone typical of intermediate to high sulphidation Au-Ag mineralized systems. More specifically, the presence of significant widths and grades of covellite are ...