Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Tuesday 02nd of December 2008
Wednesday, May 7, 2008

Tara Gold extends ‘Clavo 99′ at San Miguel project

Tara Gold extends ‘Clavo 99′ at San Miguel project

Tara Gold Resources Corp. is pleased to announce assay results from drill hole SM-35 in the San Miguel Vein. Drill hole SM-35 was drilled 50 meters below hole SM-20 in the southern part of ‘Clavo 99′ to test the depth and lateral extent of that mineralization.

SM-35 intersected 1.85 meters of 9.57 g/t Au and 26 g/t Ag. The entire mineralized zone in Hole SM-35 is 17.44 meters wide and averages 1.84 g/t Au and 76 g/t Ag.

The assays from SM-35 establish that the high grade mineralization in ‘Clavo 99′ extends to a depth of at least 250 meters below the surface and that it extends for a 100 meters south along strike at this depth (from hole SM-34).

Clavo 99 continues to remain open at depth and along strike.

The San Miguel project is a joint venture between Tara Gold Resources Corp. (30%) and Paramount Gold Mining Corp. (70%). Paramount is the operator of the exploration program and provided this update.

Paramount has commented that as anticipated, the results from drill hole SM-35 extend the excellent mineralization seen in holes SM-18 and SM-20 for another 50 meters down dip, and that seen in hole SM-34 for at least 100 meters south along strike.

Clavo 99 has now been shown to persist to a depth of at least 250 meters and it remains open down dip. Prior drilling indicated that ‘Clavo 99′ extends along strike for at least 400 meters. We anticipate that this unusually large high grade zone will continue to grow in size, concluded Paramount.

 

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

Tara Gold updates San Miguel project ...

Paramount reports resource increase at San Miguel project ...

Paramount updates San Miguel project ...

Central Sun extends new zone at Limon ...

Linear’s Molybdenum-Copper-Silver mineralization ...

Latest Metals News:

Latest News  BHP Billiton scraps plans to acquire Rio

Latest News  Base metals see more price declines

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


Previous: « Dutch Gold adds Geologist, updates operations
Next: Metals prices drop as dollar strengthens »

Visited 1117 times, 4 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):