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Oceanus Reports a Wide Zone of 127 Meters of 2.16 g/t Gold Equivalent Consisting of 1.80 g/t Gold and 27.5 g/t Silver at its El Tigre Property in Sonora, Mexico
(via Thenewswire.ca) HALIFAX, NOVA SCOTIA / TheNewswire / March 7, 2016 - Oceanus Reso...
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"Oceanus Reports a Wide Zone of 127 Meters of 2.16 g/t Gold Equivalent Consisting of 1.80 g/t Gold and 27.5 g/t Silver at its El Tigre Property in Sonora, Mexico(via Thenewswire.ca)\n\n \nHALIFAX, NOVA SCOTIA / TheNewswire / March 7, 2016 - Oceanus Resources Corporation (TSXV:OCN) (\"Oceanus\" or the \"Company\") is pleased to report results from its infill gap sampling program on the legacy diamond drill core at its El Tigre Property. These assay results indicate a broader halo of gold and silver mineralization than previously recognized. This wide zone of gold and silver mineralization, which starts at surface, may have future potential for open pit bulk mining. After Oceanus included the new assay results for the legacy diamond drill holes, the mineralized intercept for select holes are as follows:\n\n \n \n-Hole ET-13-051 - 127.0 meters of 2.16 g/t gold equivalent consisting of 1.80 g/t gold and 27.5 g/t silver; including 33.0 meters of 4.73 g/t gold equivalent consisting of 4.48 g/t gold and 18.5 g/t silver\n\n \n \n-Hole ET-13-077 - 139.1 meters of 1.02 g/t gold equivalent consisting of 0.94 g/t gold and 6.6 g/t silver\n\n \n \n-Hole ET-13-056 - 67.4 meters of 1.67 g/t gold equivalent consisting of 1.07 g/t gold and 44.7 g/t silver\n\n \n \n-Hole ET-13-064 - 42.0 meters of 1.53 g/t gold equivalent consisting of 1.10 g/t gold and 32.4 g/t silver\n\n \n \nDue to the steep slope of the hillside, many of the legacy drill holes are collared on the mineralization, some have been lost due to the underground workings and others have not fully pierced into the barren footwall. The true width of the drill hole intersections cannot be determined from the information available and further drilling will be required. A table of the drill results and drill sections are presented below.\n\n \n \nGlenn Jessome, President and CEO of Oceanus, stated \"During acquisition due diligence our team, which has extensive experience in large epithermal deposits in Mexico, recognized that the previously unsampled drill core required sampling. We see the greater potential of the El Tigre property as a bulk tonnage target.\"\n\n \n \nOceanus' initial work program at the El Tigre property entailed the collection of 1,430 samples to fill in the \"gaps\" in the legacy drill hole assay database to ensure the entire mineralized zones were sampled from the han...