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Minera Alamos Announces Regional Exploration Update - Melchor Ocampo Area, Zacatecas
New zone of gold mineralization outlined for drilling Toronto, Ontario and Vancouver, British...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Announces Regional Exploration Update - Melchor Ocampo Area, ZacatecasNew zone of gold mineralization outlined for drillingToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - June 23, 2022) - Minera Alamos Inc. (TSXV: MAI) (the \"Company\" or \"Minera Alamos\") is pleased to provide an update on its regional exploration activities in the Melchor Ocampo area of Zacatecas. In total the Company owns 6,405 Ha of mineral concessions in the area surrounding its Cerro de Oro project development area. An ongoing program of rock sampling and mapping has been underway in this extended area since 2021 while the Company was working to finalize surface rights necessary for the permitting of the Cerro de Oro gold project (see recent news release dated June 21st, 2022). The Melchor Ocampo district was home to extensive historical mining activity and evidence of these workings are present throughout the Company's concession area. The focus of the larger regional sampling program was to identify other mineralized targets for drilling with an aim of defining exploitable resources beyond those already identified for development at Cerro de Oro. As part of the ongoing exploration activities in the area a new mineralized trend was identified approximately 4-5km southwest of the Cerro de Oro Project area (see Figure below) and traced over a distance of greater than 1 km. Surface rock samples have confirmed the presence of widespread disseminated gold mineralization contained in a sedimentary sequence of interbedded siltstone, sandstones and limestones that have been intruded by granitic dikes and sills. The gold-rich mineralization has been deposited distally (up-dip and laterally) from intrusives, creating weak hornfels alteration in skarns and carbonate replacement mineral deposits which lie proximal. Follow-up research by the Company's exploration group was able to ascertain that the area of interest was within a previous area of exploration activity by Echo Bay Mexico (\"Echo Bay\"). During the 1990s, Echo Bay was actively exploring the area at the same time Noranda was exploring the Cerro de Oro area to the northeast (currently owned by Minera Alamos). Both groups were focused on higher grade skarn/carbonate replacement style structures located in areas surrounding intrusive stocks. Due to metal prices at the time, ...