In March 2008, the Company completed a second phase drill program totaling 2,170 metres in 17 reverse circulation drill holes, which was successful in further exploring and expanding the Reventon Breccia. Results of the drill program accounted for twelve of the 15 holes drilled at the Reventon Breccia intersecting significant silver values; highlights include 91.4 metres of 87 g/t silver containing an intercept of 19.8 metres of 176.4 g/t sliver; and 80.8 metres of 71.9 g/t silver containing an intercept of 7.6 metres of 234.5 g/t silver.
Results of the second phase drill program greatly increased the Company's understanding of the Reventon Breccia, which has mineralization related to a moderately north to northeast dipping diorite porphyry breccia that intrudes andesite volcanics. The porphyry is only exposed on surface in an erosional window within the volcanics measuring approximately 70 by 70 metres. The two drill programs have outlined a much larger irregular zone of altered diorite porphyry concealed by the volcanics. Alteration and mineralization appear to increase to the north and northeast, as well as the apparent true thickness of the zone, which varies from 40 to 120 metres. All drill site locations were conducted from existing roads -- necessitating some angle holes due to topography. Although drill holes to the south and directly east of the surface exposure of the breccia did not return significant silver grades, exploration potential to the southeast remains encouraging, as evidenced by Hole RC-08-17 which bottomed in 9.1 metres of 141.5 g/t silver.
2008 drill results at the Reventon Breccia are as follows:
Two holes were also drilled at the Los Alisos zone, which lies about 500 metres south of the Reventon Breccia. Hole RC-08-02 cut 16.8 metres of 34.4 g/t silver, with 0.5% Pb and 2.46% Zn. Los Alisos contains a diorite porphyry having a geochemical signature similar to the Reventon Breccia. The Los Alisos remains an exploration target.
2008 drill results at the Los Alisos Zone are as follows:
Last:
$0.06
High:
$0.07
Low:
$0.06
Chg:
even
Vol:
38500
