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Centenera Mining Receives Positive Drill Results from Advanced Esperanza Copper-Gold Porphyry Project, San Juan Province, Argentina
From surface; 0m to 166m grading 1.14% copper equivalent1,2(0.84% copper, 0.36g/t gold) Results pending from 166m to 387m VANCOUVER, British Columbia, April 20,
About this update from Latin Metals Inc
[{"type":"text","content":" From surface; 0m to 166m grading 1.14% copper equivalent1,2(0.84% copper, 0.36g/t gold) Results pending from 166m to 387m VANCOUVER, British Columbia, April 20, 2018 (GLOBE NEWSWIRE) -- Centenera Mining Corporation (“Centenera” or the “Company”) (TSXV:CT) (OTCQB:CTMIF) receives drill results from the first 166m of drill hole 18-ESP-025 at the advanced Esperanza Copper-Gold Porphyry project. Drill hole 18-ESP-025 collared in mineralization and continued to drill mineralized rock to a total depth of 387m, at which depth the hole was abandoned due to drilling difficulties. Laboratory results have been returned (Table 1) for the upper 166m grading 0.84% copper and 0.36g/t gold; 1.14% copper equivalent1,2. Results for the lower portion of the drill hole (from 166m to 387m) are pending and expected in early May. “Partial results for our first drill hole at Esperanza are excellent. Mineralization at the base of this sample batch remains strong, with 1.32% coper equivalent from 142m to 166m. We look forward to receiving results for the remainder of the drill hole in early May,” stated Keith Henderson, Centenera’s President & CEO. “We acquired the Esperanza project in 2017 because drilling results in 2006 had provided such a solid foundation for further exploration. These first results from our drill program demonstrate very clearly that the potential to expand mineralization is real.” Table 1: Partial results for drill hole 18-ESP-025 from surface to 166m depth Drillhole Azimuth Dip From (m) To (m) Interval (m) 1 Copper (%) Gold (g/t) Copper Equivalent (%)2 280 -67 0 166 166 0.84 0.368 1.14 18-ESP-025 including 0 22 22 1.17 0.556 1.62 and 142 166 24 1.02 0.367 1.32 Notes 1 True width is not known. 2 Copper equivalent = Copper grade % + (0.795 x gold grade g/t), assuming a copper price of $2.20/lb ($4850/t) and a gold price of $1200/oz ($38.58/g) and assuming 100% recovery. Figure 1: Map showing location of existing 2007 drill holes at Esperanza (blue), the 2018 drill holes (red), both completed and planned Drilling Update Drilling at the Esperanza Copper Gold Porphyry project is ongoing. The first drill hole, 18-ESP-025 (Figure 1), collared 120m northwest of previous drill hole 06-HU-02. Drill hole 18-ESP-025 collared close to the western ext...