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Cuatro Hermanos Drill Program Continues to Delineate Broad Zones of Porphyry Style Cu-Mo Mineralization
TSX Symbol: VGM Shares Outstanding: 78,951,885
About this update from Minera Alamos Inc.
[{"type":"text","content":"\n\n\n\nTSX\n\n\nSymbol: VGM\n\n\nShares Outstanding: 78,951,885\n\n\nTORONTO, Feb. 14 /CNW Telbec/ - Virgin Metals Inc. (TSX: VGM) ("Virgin\nMetals" or the "Company") presents assay results for an additional eight drill\nholes at the Company's 100% owned Cuatro Hermanos copper-molybdenum porphyry\nproperty located 145 km southeast of Hermosillo in Sonora, northern Mexico.\nAssay results presented here, for drill holes CHRC13-07 through CHRC20-07,\nrepresent part of an on-going reverse circulation drill program for which\ntwenty six holes totaling 5,907 meters have been completed.\n\n\nHighlights from the drill results include:\n\n\nHole CHRC13-07 with 237.75 m grading 0.247% Cu and 0.014% Mo, including\n22.86 m grading 0.725% Cu and 0.02% Mo and hole CHRC15-07 with 181.36 m\ngrading 0.348% Cu and 0.031% Mo, including 33.53 m grading 0.757% Cu and\n0.021% Mo\n\n\nHoles CHRC13-07 to CHRC16-07 were drilled within a 1,500 m long x 500 m\nwide band of phyllic and silicic hydrothermal alteration located along the\nnorthern and eastern sides of the porphyry complex, in areas historically\ncalled the Sulfate Zone and the Main Zone, respectively. Exploration completed\nto date by Virgin Metals suggests that copper-molybdenum mineralization is\ncontinuous between the two zones, and accordingly the present campaign is\naimed at demonstrating this potential continuity, then calculating a resource\nfor the area. Drill holes CHRC17-07 to CHRC20-07 were sited nearly 2.5 km\nfurther to the west, on a separate porphyry target centered on topographic\npromontory known as Moly Hill, over an area historically called the West Zone.\nThe current program is targeting depths of up to 300 meters, but most holes\nwere stopped short of this depth due to limitations of the drilling equipment.\n\n\nVirgin Metals' President and CEO, Chris Davie, commented, "With nearly\n6,000 meters of drilling completed to date, our program has successfully\nextended the known limits of mineralization over two distinct porphyry\ntargets. We recognize that mineralization in the Main and Sulfate Zones is\nopen along a broad corridor to the east, as well as to the south and at depth.\nNotably drill hole CHRC15-07, located at the south end of Main Zone, has\nreturned some of the best overall Cu and Mo grades seen to date on the\nproject, and like many ...