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Oremex Drilling Extends Los Mantos Zone at Tejamen Silver Project in Mexico
Oremex Drilling Extends Los Mantos Zone at Tejamen Silver Project in Mexico.
About this update from Monarca Minerals Inc.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Jan. 30 /CNW/ - The Company is pleased to report assay results\nfrom the most recent drilling program in the Los Mantos and Cerro Prieto Zones\nat its Tejamen Silver Project in Durango State, Mexico.\nThe Reverse Circulation (RC) drilling program extended the Los Mantos\nZone to the southwest by approximately 100 metres and was conducted on \n50 metre step-out lines, with collar locations at approximately 30 metre\ncenters.\nOremex CEO, David Duval, states that, \"The results further confirm the\nwidespread distribution of silver values in the Los Mantos Zone and expand the\nsilver-bearing horizons to the south and southwest beyond the boundaries of\nour existing 43-101 compliant resource estimate.\"\nHole No. 230, which was drilled on the extreme northwestern limit of the\nknown mineralization at Los Mantos, intersected good silver values, indicating\nthat the zone extends further to the north and in fact is still open beyond\nthe confines of what was reported in the 43-101 compliant resource estimate\nlast year.\nA geological model proposed for the Tejamen property suggests that\nmineralizing solutions moved along steep feeder zones until a porous and\npermeable contact zone was encountered.\n\"In many cases, we are seeing repetitions of shallow dipping, blanket-\nstyle mineralization emanating off these feeders which is highly encouraging\nfrom the standpoint of developing block models for scoping study purposes,\" he\nemphasized.\nThis particular geological model appears valid for the Los Mantos Zone\nwhich is located along and adjacent to an andesite/rhyolite contact within\nnortheast trending fault-fracture zones that often contain high-grade silver\nmineralization. An excellent example of such high grade mineralization was\nevident in Hole No. 101 in the central core of the Los Mantos Zone which\nreturned 19.95 oz. silver per tonne over an interval of 292 feet. (See Oremex\nnews release dated September 8, 2004).\nThe mineralization at Tejamen consists of galena, sphalerite, pyrite,\nminor chalcopyrite, tetrahedrite and argentite in a gangue of mainly quartz\nand clay minerals. \"Native silver and free gold have been reported in strongly\noxidized areas which could enhance recoveries from heap leach, vat leach and\nmore conventional recovery techniques,\" Duval said.\n\"The latest assay results are bei...