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Vicuña Exploration Update: Filo Sur Project - Positive Initial Results from the New Filon Alunita and Rincon Prospects
Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - Mogotes Metals Inc. (TSXV: MOG) ("Mogotes", o...
About this update from Mogotes Metals Inc.
[{"type":"text","content":"\nVicuña Exploration Update: Filo Sur Project - Positive Initial Results from the New Filon Alunita and Rincon ProspectsToronto, Ontario--(Newsfile Corp. - July 8, 2024) - Mogotes Metals Inc. (TSXV: MOG) (\"Mogotes\", or the \"Company\") is pleased to provide an exploration update and announce positive initial rock chip assay results from the Filo Sur project, adjoining the world class Filo del Sol Cu-Au-Ag High Sulfidation Epithermal (HSE) and Porphyry (PCD) project in the Vicuna District, Argentina (Figure 1).2,185 m of diamond core drilling completed in 3 holes during shortened February to May 2024 campaign Geological observations from the first drill test at Nueva Colorida Breccia and Cruz del Sur targets and drilling at Frontera prospect that was suspended due to early onset of winter - Assays results pending Initial rock chips results confirm Au-Ag-Cu mineralization at new Filo Alunita and Rincon prospectsFilo Alunita a newly identified 1.6 km trend of silica-alunite alteration. Mogotes rock chip assay of 4.3 g/t Au and >100 g/t Ag, highlights potential HSE prospect, not recognized by previous explorers.Rincon 2.3 km long trend defined by Mogotes soil, rock chip assay and geophysics, returns assays of up to 1.35 g/t Au, 825 ppm Cu and 142 ppm Mo, correlating to +100 m wide high intensity sheeted veinlet trend, also not recognized by previous explorersCEO, Allen Sabet, stated: \"Mogotes is very happy to have initiated the first drilling campaign at the prospective Filo Sur project in over decade. Notwithstanding a far shorter than planned exploration season due to unseasonally early arrival of winter conditions (effecting many explorers in the Andes this year), our team successfully drilled 2,185 meters of diamond core providing an initial test at 3 of our 9 prospects. \"Holes were completed at Cruz del Sur, Nueva Colorida pipe, and a third hole was started at Frontera, but suspended at a depth of 520m well before the planned depth, with clear down hole mineralization vectors established. We are encouraged by this initial drilling, as all holes intersected extensive alteration, veining and visible copper and, or base metal sulphides, consistent with large scale porphyry / epithermal mineral systems. \"Assay results from this drilling are pending. Images of the mineralization and technical descriptions are enclosed i...