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Oceanus Intersects 95.6 Meters of 1.35 g/t Gold Equivalent Consisting of 1.17 g/t Gold and 13.2 g/t Silver at its El Tigre Property in Sonora, Mexico
(via Thenewswire.ca) HALIFAX, NOVA SCOTIA / TheNewswire / October 18, 2016 - Ocean...
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"Oceanus Intersects 95.6 Meters of 1.35 g/t Gold Equivalent Consisting of 1.17 g/t Gold and 13.2 g/t Silver at its El Tigre Property in Sonora, Mexico(via Thenewswire.ca)\n \n \nHALIFAX, NOVA SCOTIA / TheNewswire / October 18, 2016 - Oceanus Resources Corporation (TSXV:OCN) (\"Oceanus\" or the \"Company\") reports additional assay results from the ongoing diamond drilling program on its 100% owned El Tigre Property in Sonora, Mexico. Highlights from the drilling include the following:\n\n \n \n\n\n-Hole ET-16-092 - 95.6 meters of 1.35 g/t gold equivalent consisting of 1.17 g/t gold and 13.2 g/t silver; including 42.1 meters of 2.62 g/t gold equivalent consisting of 2.40 g/t gold and 17.1 g/t silver.\n\n\n\n \n \n\n\n-Hole ET-16-096 - 74.2 meters of 0.96 g/t gold equivalent consisting of 0.80 g/t gold and 11.6 g/t silver; including 28.7 meters of 1.26 g/t gold equivalent consisting of 1.06 g/t gold and 15.1 g/t silver.\n\n\n\n \n \n\n\n-Hole ET-16-095 - 95.5 meters of 0.77 g/t gold equivalent consisting of 0.42 g/t gold and 26.3 g/t silver; including 8.3 meters of 1.70 g/t gold equivalent consisting of 1.59 g/t gold and 8.0 g/t silver.\n\n\n\n \n \nThe true width has not been calculated for the intercepts, but true width is generally estimated at 75-90% of drilled width. Drill assays were composited by length-weighted averaging into intersections using a 0.2 g/t gold equivalent cut-off grade. The gold equivalent ratio is based on a gold-to-silver price ratio of 75:1.\n\n \n \nOceanus has now completed 19 holes totaling 3,127 meters of HQ size core. Results from the first 7 drill holes were announced in the Oceanus News Release dated September 14, 2016. Today's news release provides the results for the next 9 drill holes (ET-16-090 to ET-16-98). The purpose of the drilling program is to determine the full extent of the mineralization in the hanging wall and footwall of the deposit, to confirm the geological continuity of the mineralization, to test the oxidized zone to a vertical depth of 200 meters and to collect fresh core for metallurgical test work. \n\n \n \nThe table below provides details of the significant intersections for the 9 drill holes. The holes were drilled between Sections 4300N and 3950N in the central portion of the 1.6 kilometer long deposit. Additionally, Hole ET-16-088, originally reported in the Oceanus News ...