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Minera Alamos Drilling Provides Further Confirmation of Significant Disseminated Mineralization at the Divisadero Discovery and Successful Completion of Initial Water Well Testing
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - February 6, 2020) - Minera...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Drilling Provides Further Confirmation of Significant Disseminated Mineralization at the Divisadero Discovery and Successful Completion of Initial Water Well TestingToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - February 6, 2020) - Minera Alamos Inc. (TSXV: MAI) (\"Minera\" or the \"Company\") is pleased to announce the results from the first drill holes of its ongoing Phase 2 drill program at the Santana gold project. The Phase 2 program has a number of different goals that include further testing of the Divisadero discovery from 2018; better definition of the outer limits of the proposed Nicho and Nicho Norte open pits as well as extensions of mineralization at depth; water well drilling; and ultimately drill testing a number of new mineralized structures believed to be Nicho-style pipes that were defined during 2019.In addition to the Divisadero holes and water drill holes discussed in this release, drilling results from the Nicho area will be released in the coming weeks upon complete receipt and evaluation of assays by the Company. Phase 2 drilling continues with the expectation of approximately 2,500m to 3,000m of drilling each quarter in 2020.The Divisadero discovery was made near the end of the 2018 Phase 1 drilling with a single hole into the new target. Sitting at a lower elevation than the Nicho Norte and Nicho breccia pipes, the mineralization at Divisadero is hosted by porphyritic intrusive rock, associated with sericite-silica-pyrite alteration, a style of mineralization that could be representative of what the Company expects to drill beneath the previously identified Nicho breccia pipes. Encouragingly, it has exhibited disseminated gold grades that were comparable to the nearby Nicho-style breccias. Two follow-up holes -- S19-125 and S19-126 -- were completed using available but limited access roads to confirm the previous discovery. The holes were drilled to a maximum depth of 200m from collars located south of the exposed outcropping limits. All 3 holes now drilled into Divisadero have confirmed the presence of wide intervals of disseminated gold-silver mineralization. New access roads are planned for construction to allow testing of the core of the currently mapped and sampled limits of an exposed target that appears to extend significantly to the north and east.Table 1 - Min...