Anomalies At Guayabales Prospect At The El Provenir Project
VANCOUVER – Angel Gold Corp. reported an update of progress on Angel’s geophysical survey programs targeting various prospects at the El Porvenir project in the Segovia mining district of Antioquia, Colombia. “The geophysical information processed to date is continuing to support and enhance the potential of our Iguanacito prospect. We believe that the chargeability responses reflect bodies of sulfide-silica breccia that has the potential to contain silver-gold mineralization –and further support our belief that the area has the potential to host a style of mineralization previously unexplored and thus undiscovered in the Segovia district: that of breccia-hosted silver-gold mineralization associated with wide zones of intense silica-sericite alteration that are intrusive related.” says Stella Frias, President and CEO of Angel Gold Corp. “The chargeability geophysical anomaly identified below the silver/gold mineralization identified at Iguanacito is exciting as it significantly increases the target’s size and depth potential as currently defined in surface sampling and trenching. In addition other geophysical anomalies from surveys in progress along strike and at other targets have been identified and could be indicative of sulfide hosted mineralization,” added James Stephenson P.Geo, Vice-President of Exploration.
High-grade structurally-hosted mineral deposits typically consist of multiple ore bodies, many of such bodies occurring blind (in the sub-surface), sometimes with only minor mineralization actually exposed at the surface. Examples of such deposits include the Coeur d’Alene District deposits of Idaho where most ore shoots occur blind at depth, yet a substantial mining operation has been continued over many decades.