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Virgin Metals Releases Drill Results at Los Verdes
Virgin Metals Releases Drill Results at Los Verdes.
About this update from Minera Alamos Inc.
[{"type":"text","content":"\n\n\n\nTSX\n\n\nSymbol: VGM\n\n\nShares Outstanding: 77,989,385\n\n\nTORONTO, July 12 /CNW Telbec/ - Virgin Metals Inc. ("Virgin Metals" or\nthe "Company") reports results of remaining reverse circulation drill holes at\nits 100% owned Los Verdes Mo-Cu-W property in Sonora, northern Mexico. In\naddition, 20 diamond drill holes have been drilled but have not yet been\nsampled and results of these will be reported at a later stage. Results of\nholes 29, 57 and 64 to 73 are reported herein. Holes 29 and 57 were drilled\nearlier and not previously reported while assay checks were completed.\n\n\nHoles 57, 64, 66 and 67 were drilled at the approximate boundary of known\nmineralization and results were of a background nature. Hole 65 was collared\nat the northern boundary of the mineralization at an angle of -50 degrees and\nprovided infill between previously drilled holes. Holes 68, 70 and 74 were\ndrilled in the western extension of known Mo-Cu mineralization on the Bacanora\nclaim, 70 and 74 consisting of a pair of scissor holes through the southwest\nportion of the resource and 68 providing data about northwestern part of the\ndeposit. Hole 69 was intended to define the western edge of the Mo-Cu\nmineralization but instead intersected tungsten mineralization.\n\n\nHoles 29 and 71 to 73 targeted and hit expected tungsten mineralization\nto the west of the known Mo-Cu mineralization. Holes 71 and 72 were a little\nsouth of the ideal locations due to steep topography but 29 and 73 were in the\ncentral part of the tungsten mineralization. Although the Mo-Cu mineralization\nincludes tungsten grades, which increase to the west, the tungsten zone itself\nappears to be a discrete zone of mineralization with no molybdenum or copper\nvalues and to be relatively shallow mineralization that starts at the surface\nand extends for some tens of meters in depth. It includes the summit of the\nridge, which exhibits severe topography, and may be difficult to drill\nextensively. It will be modeled separately and excluded from the model on\nwhich mine planning will be based.\n\n\nResults of holes 29, 65 and 68 to 75 are reported below:\n\n\n-------------------------------------------------------------------------\n True\nHole Incli- Inter- Thick- Total\nNo. nation Total From To cept ness Mo Cu W Ag\n------------------------------...