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Minsud commences diamond drilling at Chinchillones Porphyry Complex in the Chita Valley Project, San Juan, Argentina
Minsud commences diamond drilling at Chinchillones Porphyry Complex in the Chita Valley Pr...
About this update from Minsud Resources Corp.
[{"type":"text","content":"\n\n\n\nMinsud commences diamond drilling at Chinchillones Porphyry Complex in the Chita Valley Project, San Juan, Argentina\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 7, 2020\n\n\n\nTSX-V: MSR \n TORONTO, Feb. 7, 2020 /CNW/ - Minsud Resources Corp. (TSX-V: MSR) (\"Minsud\" or the \"Company\") is pleased to announce that it has commenced a diamond drilling program (four holes for 2,000m) over the Chinchillones Porphyry Complex, part of the Chita Valley Project. The drilling program will test the targets generated from the recently completed pole-dipole IP survey, detailed surface mapping and review of the results of the historical geochemical, geophysical and geological surveys.\nThe principal target areas are centred on highly silicified, hydrothermally brecciated, sulphidic and veined zones that are thought to form part of a wider and pervasive \"lithocap\". It is interpreted that the \"lithocap\" alteration-mineralisation footprint is highly likely affiliated to a largely concealed porphyry Cu-Au-Mo deposit. The principal target area, the Breccia Ridge, is a 3km-long and 1km-wide prospective zone of strong silicification (replacement-quartz stockwork) cut by unequivocal porphyry-related B-, D- and A-type and intermediate sulphidation veins. Further support comes from mapping of small windows of quartz diorite porphyry bodies hosting B-type quartz-sulphide veins.\n\nThe scout drill testing program comprises of:\nTwo drill holes to test porphyry targets with significant coincident IP anomalies below the lithocap environment (Breccias Ridge Zone) One drill hole to test porphyry bodies associated with the Chinchillones breccias One drill hole to test a substantial IP anomaly, potentially affiliated with the mapped intermediate sulphidation epithermal base metal sulphides-quartz veins The current program is fully funded under an agreement with South32 whereby South32 has the option to earn a 70% interest in the Chita Valley property upon contribution of exploration funds and a PFS. To maintain the option in good standing South32 must c...