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San Marco to Prepare for Drilling at Its Gold/Silver/Zinc Buck Property and Announces Attendance at VRIC Conference
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - San Marco Resources Inc. (T...
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"San Marco to Prepare for Drilling at Its Gold/Silver/Zinc Buck Property and Announces Attendance at VRIC ConferenceVancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - San Marco Resources Inc. (TSXV: SMN) (\"San Marco\" or the \"Company\") is pleased to announce the imminent approval of a five year area-based exploration permit for the Company's Buck gold/silver/zinc property near Houston, B.C. The permit includes 30 drill sites of where multiple holes may be drilled from the same drill pad. Geophysics may be included in the initial exploration program.  Phase I exploration program activities will utilize existing access trails to construct new drill pads, which will be followed by a diamond drill program consisting of HQ oriented core. Specific drill hole locations, hole depths, number of holes etc. will be determined over the next few weeks, with the drill expected to be turning shortly thereafter. At surface and near surface mineralized breccia, which hosts significant gold, silver and zinc values, will be the drill targets for the entire program. Examples of some historical drill intercepts over the last 50 years include;30.75 metres (\"m\") at 2.70 grams per ton (\"g/t\") gold within 143.33 m at 0.75 g/t gold (Hole 84-1), 27.43 m at 2.74 g/t gold within 91.4 m at 0.93 g/t gold (Hole 68-4), 12.19 m at 2.58 g/t gold within 170.68 m at 0.61 g/t gold (Hole 04-01), and 26.5 m at 2.50 g/t gold within 265.86 m at 0.65 g/t gold (Hole 88-02). Recent re-logging of drill core from one historical hole, and detailed review and re-interpretation of historical drill logs, indicates mineralization of economic interest is related to and contained in a diatreme geological environment, with breccia pipe features. The Buck Property currently has surface drill targets in breccia over an area approximately 700 m by 300 m with mineralized breccia also known to exist up to 200 m in depth and open in all directions. For details, please review the Company's corporate presentation.Most of the previous drilling has been located outside of the diatreme/breccia target model, leaving large areas of under-explored breccia targets and virgin ground. A recent alteration study from historical drill logs has been completed by Dr. David Bailey, P. Geo., and resulted in recognition that a specific level and intensity of alteration is related ...