Tuesday, 12th February 2008 (2269 views)

Exploration work at the El Aguila project in Oaxaca, Mexico, has produced high-grade gold results with values including a metre of 34.3 g/t gold, the company behind the scheme has announced.

The results come from drilling on two deposit systems, La Arista and El Aire, Gold Resource said. The highest value intercepts were taken from the La Arista.

Other results from the two veins at La Arista include a metre of 15 g/t gold, a metre of 10.95 g/t gold and two metres of 8.69 g/t gold. Nine metres of 6.90 g/t gold were also recorded.

Samples from the El Aire deposit yielded values of ten metres of 2.16 g/t gold, the company said.

Current drilling at El Aguila is designed to determine the La Arista deposit's three parallel veins, which Gold Resource says have "significant" underground mining widths. The current programme has shown mineralisation over 300 metres.

The El Aguila project is situated around 75 miles from Oaxaca's capital city. It is a newly-discovered deposit system that has already yielded 11 high-grade gold intercepts.

 

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