The drilling will focus on delineating higher-grade zones of skarn mineralization outlined by earlier drilling programs at the Eldorado and Santa Cruz discovery areas in preparation for an initial resource calculation.
The Eldorado and Santa Cruz zones are only two of the several known mineralized skarn zones that occur on the property. Several targets are expected to be tested in the current drill program including a large scale magnetic anomaly proximal to the high-grade Santa Cruz hole LM-11-SC-45, which graded 15.89g/t gold, 12.98g/t silver and 2.35% copper (see table below).
"High-grade targets identified from the 2012 drilling program, combined with several highly prospective anomalies identified from the 2013 airborne magnetic survey, provide high-priority targets that have management very excited about kicking off the 2014 drill program," stated David Baker, Executive Chairman.
"The 2014 exploration program, which will include drilling and detailed geological mapping, is designed to build on the successes to date and provide information for an initial resource estimate for the high-priority Eldorado and Santa Cruz zones."
Au Eq g/t equals Au g/t + (Ag g/t x 0.016) + (Cu% x1.71)
All intervals are reported as down-hole lengths and additional information is required to determine actual widths. Assays are uncut, length weighted average values
About Las Minas
The Las Minas project hosts near-surface gold – silver and copper skarn mineralization and high-grade gold – silver epithermal vein deposits.
The project is comprised of six mineral concessions covering approximately 1,616 hectares (3,995 acres), with several small scale, past-producing mines and numerous untested targets.
The district is host to one of the largest under explored gold – silver copper skarn systems known in Mexico, and has a production history that extends back to the Aztec era.
The Las Minas granodiorite intrusive measures approximately 10 kilometres in diameter and underlies the Las Minas concessions.
The mineralization controls and association with magnetite are similar to the famous Guerrero Gold belt, which is the site of the Los Filos and Morelos gold deposits.
