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Minsud Resources Announces Drilling Results at Chita Valley Project, San Juan, Argentina
TORONTO, Dec. 29, 2017 (GLOBE NEWSWIRE) -- Minsud Resources Corp. (TSX-V:MSR) (“Minsud” or the “Company”) recently completed a 1,455 metre HQ diamond drilling p
About this update from Minsud Resources Corp.
[{"type":"text","content":"TORONTO, Dec. 29, 2017 (GLOBE NEWSWIRE) -- Minsud Resources Corp. (TSX-V:MSR) (“Minsud” or the “Company”) recently completed a 1,455 metre HQ diamond drilling program in the Chita South Porphyry sector of its Chita Valley Project. The program included 8 new holes together with deepening of 7 existing holes. The main objective was to continue outlining Cu-Au-Ag-Mo mineralization and Inferred Resources at relatively shallow depth beneath the zone of surface weathering and oxidation (See National Instrument 43-101 Technical Report dated February 1, 2016 available under the Company’s profile at www.sedar.com (the “Mineral Resource Estimate”). The mineralized sections include disseminated sulphides as well as A, B and D-type veins hosted by multiple stages of epizonal intrusions and hydrothermal breccias. Better Cu values are typically associated with the zone of supergene enrichment and the transition to primary mineralization at depth. Epithermal quartz veins that typically post date the porphyry mineralization are known throughout the Chita Valley Project area. This vast under-explored target concept has widespread moderate to high grade Au-Ag values from drill holes and surface samples that remain untested. Highlights include 86 metres (approximately 70 metres true thickness) averaging 0.65% Cu, 6.2 g/t Ag, 0.009% Mo and 0.07 g/t Au from hole PSU17-67. Individual Cu values above 2.0% and Ag values above 50 g/t were capped at that those levels in the Mineral Resource Estimate. Discrete high-grade Ag-Au sections (highlighted yellow) are not capped. See following table for a summary analytical results. Hole ID From To Interval Thickness Au Ag Cu Mo m m m True m g/t g/t % % PSU14-10 ext. 86.0 148.0 62.0 50 0.035 1.25 0.341 0.016 176.0 186.0 10.0 8 0.046 1.10 0.311 0.018 PSU14-11 ext. 48.0 176.0 128.0 98 0.044 1.18 0.327 0.02 PSU14-21 ext. 22.0 98.0 76.0 65 0.060 0.80 0.512 0.008 PSU14-25 ext. 44.0 138.0 94.0 78 0.038 3.08 0.269 0.028 PSU17-60 42.0 50.0 8.0 7.1 0.110 13.58 0.362 0.027 64.0 98.0 34.0 30 0.059 1.12 0.377 0.049 PSU17-62 52.0 112.0 60.0 45 0.035 1.79 0.271 0.027 PSU17-63 39.15 76.0 36.85 28 0.071 1.00 0.407 0.012 PSU17-64 26.0 42.0 16.0 12 0.028 0.71 0.277 0.032 56.0 64.0 8.0 6 0.077 1.70 0.297 0.032 PSU17-65 22.0 42.0 20.0 17 0.196 5.31 0.462 0.018 incl. 39.4 40.0...