Drilling Commences At The Chunibas Project

 
 

VANCOUVER, BC - San Marco Resources Inc. reported that diamond drilling has commenced at its 100% owned Chunibas gold/silver project, located approximately 160 kilometers east of Hermosillo, Sonora State, Mexico. The primary objectives of this drilling will be to confirm the presence of higher-grade mineralization within the discrete shear veins, as well as the presence of broad haloes of lower grade Au-Ag within adjacent, sericite - Fe carbonate altered wall rocks. Historical data has been incorporated with the Company's recent exploration work, resulting in field evidence that the north-south trending shear/vein structures coalesce in various zones along strike. This has reinforced the geological model that wider zones of gold mineralization, flanking the high-grade shear structures, some of which continue to be mined by local gambosinos (miners), where grades appear to be in the 15 g/t gold range, exist. 

Mineralization is primarily oxidized at surface, however is expected to transition into sulfides within 50 meters of surface. All holes will be drilled perpendicular to the structures, angled at - 60 degrees and will test 3 targets over 1.5 kilometers of known strike. Recent exploration results have indicated the flanking intrusive wall rock is mineralized with low-grade gold. As a result, the drill program is designed to not only test the potential high-grade structures, but the possibility of a bulk-tonnage opportunity.

An initial 500 - 600 meters over 4 holes are scheduled, with the possibility that, pending assay results, the drill program may be expanded to continue throughout the summer months.