The Mining Record
  Forget Your Password?
Search Mining Record: Your Order Contains: 0 items

Exploration Campaign On The Cerro Maricunga Oxide Gold Project

TORONTO, ON - Atacama Pacific Gold Corporation reported the final results from its 27,000-metre Phase IV drill program on the Cerro Maricunga oxide gold project. Highlights from the final set of drill results include: 78 metres grading 0.80 grams per tonne gold ("g/t Au") including 1.17 g/t Au over 22 metres from drill hole CMR-296; 110 metres grading 0.57 g/t Au with 38 metres of 1.09 g/t Au in drill hole CMD-298; and, 184 metres grading 0.43 g/t Au from drill hole CMR-322.

Atacama Pacific's Cerro Maricunga project is located in Chile's Maricunga Mineral Belt approximately 120 kilometres from the city of Copiapo.

"The results from the Phase IV infill drilling campaign have confirmed that the Cerro Maricunga property hosts one of the largest oxide gold deposits recently discovered," said Carl Hansen, President and CEO. "The goal of the Phase IV campaign was to convert existing inferred resources to the measure and indicated category and we are looking forward to providing an updated resource estimate during the third quarter of 2013. With the completion of this program, Atacama Pacific has drilled over 100,000 metres at Cerro Maricunga project over a period of three years. It is anticipated that, going forward, only minor drilling for infill and geotechnical purposes will be required."

Drilling on section 950 NW successfully outlined further gold mineralization in the area between the Crux and Phoenix zones previously interpreted as unmineralized. Three drill holes, CMR-308, CMR-323 and CMR 325, returned significant intervals of +0.2 g/t Au mineralization (see table 1), including 140 metres grading 0.32 g/t Au, following up on mineralization discovered in holes CMR-241 (44 m grading 0.47 g/t Au) and CMR-239 (62 m grading 0.33 g/t Au) drilled on section 900 NW.