Wednesday, 24th August 2005 (3174 views)

The Central El Salvador area could prove lucrative for Intrepid Minerals Corporation which has announced encouraging gold values on its Ojo Blanco licence.

Out of its 228 initial rock samples, 13 per cent returned over 1 g/t gold with a high of 21.5 g/t.

The highest gold values were discovered in colloform-banded chalcedony-calcite veins and there is a five-kilometre area where calcite has previously been mined but not the associated gold.

Intrepid's president and chief executive officer, Laurence Curtis, expressed optimism at the exploration.

"The dimension of this system is impressive and the textures and geochemistry suggest we have a prime candidate for drilling," he said.

Significant gold values of up to 100 g/t have previously been discovered at the Potonico zone, near to this latest exploration.

 

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