Samaranta Begins Constructing Access to Priority Drill Targets
2012年2月7日 - 12:01PM
PR Newswire (Canada)
Detailed Mapping, Sampling and Trenching in Target Areas Underway
VANCOUVER, British Columbia, Feb. 7, 2012 /CNW/ - Samaranta Mining
Corporation announces it has commenced preparatory work for the
inaugural drilling program on its flagship project Guadalupe in
Segovia department, Colombia. The Company has received drill
targets from a geological contractor who is intimately familiar
with the area and crews have been mobilized to the general areas of
the proposed collar locations for the final detailed mapping,
sampling and trenching program prior to drilling beginning.
Construction of access trails to mobilize the drill onto these
priority targets is now underway. As noted in the Company's press
release of January 19, 2012 the Guadalupe property lies immediately
north of Frontino Gold Mines ("FGM") and compilation work completed
to date indicates the dominant gold bearing structures in the area
trend N-30E . Two priority drill targets have been identified as a
result of this compilation. Target area 1 lies on the south-eastern
portion of the Guadalupe property immediately adjacent to Frontino
Gold mines. The proposed targets lie approximately 150 metres west
of an existing serviceable gravel road that provides good access.
Surface mapping indicates the target is underlain by the
prospective granodiorites rocks that host the majority of
mineralization at FGM. Several parallel north east trending
structures have been identified during the course of the surface
mapping program. This target lies to the east of the projected
extension of the San Nicholas mine trend. The geophysical signature
of the target are consists of magnetic depletion and potassic
alteration. Drilling by FGM of a similar target also lying to the
east of the San Nicholas Mine structure led to the discovery of the
Sandra K mine. Medoro Resources Ltd. (now "Gran Colombia Ltd")
NI43-101 illustrated select samples of up to 150 g/t gold and 217
g/t silver were taken as part of its underground exploration at
Sandra K. The intention for the trenching program is to expose
stratigraphy perpendicular to the north east trending structures.
Drill collar locations will be based on the results of the initial
testing. Target Area 2 lies approximately 500 meters west of Target
Area 1. While this target lies approximately 600 meters north of
the FGM – Guadalupe claim boundary, it appears to be approximately
on strike with the projected extension of the San Nicholas Mine
structure. Little historic information with respect to average
grade or tonnage mined at San Nicholas is publicly available, but
local anecdotes suggest the vein structure was mined up to a point
very close to the projection of the FGM – Guadalupe claim boundary.
The target area is primarily underlain by strong hydrothermal
alteration of a felsic tuff. This volcanic unit is interpreted to
form a thin veneer which overlies the granodiorite unit that is the
host of most mineralization at FGM. The area of hydrothermal
alteration is quite widespread and lies between two North East
trending magnetic lows identified as prospective targets during the
interpretation of the airborne survey. Trenching of this target is
intended to identify areas with the most pervasive hydrothermal
alteration in advance of drill testing the prospectively of the
underlying granodiorites. The preparatory work and construction of
access is expected to take about 30 days with drilling to begin
shortly thereafter. Technical information in this news release has
been reviewed by Derrick Strickland, P.Geo., a qualified person as
defined in NI 43-101. SAMARANTA MINING CORPORATION Per: Volkmar
Hable, President Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. For further information,
please contact:
_______________________________________________________________________________________________________________________________________
|Volkmar Hable, President |Barry Girling |
|________________________________________________________|______________________________________________________________________________|
|Tel: 604 641 1210 |604 639 4528 |
|________________________________________________________|______________________________________________________________________________|
|info@samaranta.ca|wbg@malaspinaconsultants.com|
|________________________________________________________|______________________________________________________________________________|
SOURCE Samaranta Mining Corporation Samaranta Mining Corporation
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