Business
Rosita Mining Exploration Update, Nicaragua
(via Thenewswire.ca) Toronto, Ontario / TheNewswire / March 31, 2016 - Rosita Mini...
About this update from King Global Ventures Inc.
[{"type":"text","content":"Rosita Mining Exploration Update, Nicaragua(via Thenewswire.ca)\n \n \nToronto, Ontario / TheNewswire / March 31, 2016 - Rosita Mining Corporation (RST: TSX-V) (\"Rosita\" or the \"Company\") is pleased to report the results of a reverse circulation drill program that was carried out in conjunction with in-fill drilling of the Rosita copper-gold-silver bearing stockpiles. In total, 28 short, vertical, RC drill holes totalling 898.9 metres were completed over the R13, R13 West and Tipispan target areas.\n\n \n \nDrill testing over these zones was designed to test for shallow, surface-enriched Cu-Au-Ag mineralization. Assay highlights include intercepts of 1.43% copper and 34.29 g/t silver over 16.5 metres at Tipispan and 8.76 g/t gold over 3 metres at R13 West. Geological highlights include recognition of abundant intrusion-hosted gold-copper mineralization in the R13 and Santa Rita pit areas in addition to the skarn-style mineralization that was previously mined.\n\n \n \nJohn Cook, President and CEO, commented, \"The intersection of relatively high grading copper mineralization near surface at Tipispan, with good gold values at R13 West, is encouraging and has improved the potential of adding additional resources and emphasises the long term exploration importance to the emerging mine plan we are developing at Santa Rita.\"\n\n \n \nTipispan\n\n \n \nSignificant mineralization was intersected at the Tipispan target in drill hole 5783 (see figure); this hole intersected 16.5 m of near surface mineralization grading 1.43% copper, 0.08 grams per tonne gold and 34.29 g per tonne silver from 13.5 m to 30 m vertical depth. Importantly, the hole ended in mineralization with the last 1.5 metre sample assaying 1.58% copper and 24.7 grams silver per tonne. Mineralization occurs primarily as chalcopyrite and arsenopyrite in a monzonite intrusive. In addition, the upper part of the hole returned 10.8 g/t Ag over 12 metres from 1.5 to 13.5 metres depth.\n\n \n \nA second hole, 5782, located 50 metres to the west, intersected 19.5 metres grading 0.22% copper and 9.81 grams silver per tonne from 19.5 metres to 39 metres vertical depth. This mineralization was hosted as primary and supergene-style in altered monzonite and as supergene-style mineralization in a later barren granite. This intercept was also bound, up-hole, by a relatively silver...