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Wednesday, 30th April 2008 (5283 views)

Step out drilling on the Atenea gold structure at the Invicta property in Peru has intercepted gold-silver-copper mineralisation, it has been confirmed.

The company conducting the work, Andean American, said two drill holes had intersected the Atenea system at approximately 200 and 300 metres below the surface.

Gold values returned from the holes included an intersection graded at 4.43 g/t gold over 14.75 metres, it added.

Additional assay results include gold grades of 0.42 g/t over 2.6 metres and 0.15 over 2.6 metres.

The company said the results confirm that the Atenea structure extends eastward beyond the current resource boundary for the project.

Andean American president Andrew Gourlay said the intersections represented an "important extension" of Invicta's known mineralisation.

"This confirms our belief that the Atenea structure is well mineralized and has not been fully evaluated," he added.

The Invicta property covers approximately 41,500 hectares in west central Peru. It is located around 250 kilometres north-east of the country's capital, Lima, at an altitude of 3,400 meters.

Andean American acquired the site in 2005.

 

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