The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Thursday, 29th May 2008 (1400 views)

Underground channel sampling at the Noria target in the Corralitos property, Mexico, has returned high-grade gold values, the company behind the work has said.

First Point Minerals said the target, the western-most zone of mineralisation on the Corralitos site, comprises three known limestone-hosted structures.

Highlights of the assays returned from the sampling work include gold graded at 24.3 g/t gold over an estimated true width of 1.8 metres.

Other key results included samples of 10.7 g/t gold over three metres, 7.0 g/t gold over 3.8 meters and 5.7 g/t gold over 5.6 metres.

There were also samples graded at 17 g/t gold over 1.5 metres, 3.7 g/t gold over 9.2 metres and 14.1 g/t gold over 0.9 metres.

The Corralitos property covers 11,445 hectares around 80 kilometres north-east of the Mexican city of Nuevo Casas Grandes in Chihuahua state.

First Point optioned the property in 2007. It can acquire a 100 per cent interest in the site if it spends $2 million (£1 million) on exploration and issues 500,000 shares to its previous developer by 2012.

 

« Back to Gold News stories