Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 20th of November 2008
Thursday, February 21, 2008

Central Sun extends new zone at Limon

Story link: Central Sun extends new zone at Limon
by Jo Black
Central Sun extends new zone at Limon

Central Sun Mining Inc. has completed the first three diamond drill holes of a planned 10,000 metre program in the Limon Mine area. The first three holes have successfully intersected a major new zone that significantly extends the potential downdip and on strike extensions of the Santa Pancha orebody. The Santa Pancha orebody, which has the highest grade of the Limon Mine area deposits, is currently being mined on the 100 metre level at a reserve grade of approximately 5.6 g Au/t.

Hole LM-08-003 intersected 4.54 g Au/t over a true width of 15.0 metres within a strong alteration zone 40 metres wide. Hole LM-08-003 extends the potential strike length of the new zone by over 200 metres. LM-08-003 is located approximately 200 metres south of Hole LM-08-001 which intersected 5.83 g Au/t (4.99 cut) over a 12.3 metre true width including 9.62 g Au/t (8.03 cut) over a 6.5 metre true width as previously reported.

Dr. Bill Pearson, P.Geo., Executive Vice President, Exploration said, this is an excellent result as the hole confirms significant gold mineralization in the area where very little exploration has been previously carried out. The good results from historical drill holes further to the south as shown on the longitudinal section indicate that the potential for further extending this new zone is excellent and significant. The next three holes will test this area and then a deeper cut of holes will be completed. This is a major structure that continues to be open both along strike to the south and down dip.

The Santa Pancha structure, located about 4 kilometres east of the Limon processing plant strikes N20E and extends for approximately 2.5 kilometres along strike. The target zone being tested as shown on the longitudinal section (Figure 1) extends for approximately 650 metres along strike from the No. 2 shaft area southwards to the No. 8 shaft. The vertical extent of the target zone is between 100 to 150 metres; however, the full potential extent of the epithermal vein system at depth has not been tested and remains open.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Central Sun extends new zone at Limon

Central Sun provides operations update ...

Tara Gold extends ‘Clavo 99′ at San Miguel project ...

East Asia extends Binebase Oxide Gold Mineralisation ...

Additional high grade gold potential at depth at Imwauna ...

West Timmins extends drilling zones ...

Latest Metals News:

Latest News  Copper prices fall on inventories, US housing data

Latest News  Copper, aluminium gain after early declines

Latest News  Gold drops half a dollar in New York

Latest News  Copper pares gains on US retail data

Latest News  Copper, aluminium inventories continue to climb

Latest News  Alcoa delays expansion at Wagerup and cuts production

Latest News  Platinum, palladium down on auto sector problems

Latest News  China’s stimulus plan sends most metals higher

Latest News  Western Areas reports on high grade nickel at Spotted Quoll

Latest News  Rio looks for Chinese joint ventures


Previous: « Constitution completes phase 1 at Atena
Next: Pan American raises silver reserves »

Visited 757 times, 2 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):