Friday, 25th April 2008 (381 views)

Tunnel samples from the Pasacancha joint venture project in Ancash, Peru, contain new gold mineralisation, it has been confirmed.

Duran Ventures and MacMillan Gold, the partners developing the property, said mineralisation was encountered in three tunnels at the 3790 level and in two other tunnels at the 3940 level.

Gold values from the samples included average grades of 0.17 g/t gold across a true width of 220 metres, 0.07 g/t gold over a true width of 58.8 metres and 0.28 g/t gold again across a true width of 58.8 metres.

Additional gold mineralisation detected in the Access Tunnel at the 3940 level had an average grade of 0.18 g/t gold across a true width of 111 metres.

Sampling in the last tunnel was terminated while in mineralised material, but from the 72 metres completed, an average gold value of 0.28 g/t gold was returned.

Further sampling and geological studies are being carried out at Pasacancha, the company said, with remedial work being carried out on a number of tunnels, as well as detailed surface surveys that will help to create a three-dimensional model of the property's geological controls.

Earlier this year, Duran and MacMillan Gold expanded their exploration holdings in Peru by 654 per cent.

 

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