Drilling Returns High Gold-Silver Grades
VANCOUVER, BC - Greystar Resources Ltd. reported that diamond drilling on the northern margin of the proposed pit shell of the multi-million ounce Angostura deposit in northeastern Colombia has returned some of the highest gold-silver grades encountered to date.
The latest results from the Cristo Rey area, which marks the current northern limit of the Angostura deposit, included 189.5 g/t gold and 701 g/t silver over 1.5 metres in hole CR10-05, 6.89 g/t gold and 85.4 g/t silver over 1.6 metre in hole CR10-04 and 12.45 g/t gold and 96.7 g/t silver over 1 metre in hole CR10-02. These significant intercepts confirm the presence of mineralization along strike and down dip in the northern limit of proposed Angostura pit. "Both exploration and delineation drilling in 2010 continued to show potential for further economic enhancements of the Angostura deposit as evidenced by the latest drill results from Cristo Rey," states Greystar's Executive Vice President, Frederick Felder, P.Geo. "Drilling is also targeting higher-grade mineralization in the Silencio area on the southern margin of the deposit, as well as in the Los Laches area to the northeast." Previous reported drill holes intersecting the same structure in the Cristo Rey area during 2006 and 2008 contained 74 g/t gold and 167 g/t silver over 3 metres (CR06-03), 10.7 g/t gold and 219 g/t silver over 1.5 metres (VBE06-39), 14.95 g/t gold and 134 g/t silver over 0.7 metres (CR06-04), 8.98 g/t gold and 75 g/t silver over 1.3 metres (VBE06-23) and 4.84 g/t gold and 38 g/t silver over 12.8 metres (CR08-04). Mineralization in the Cristo Rey area is similar in style to the Veta de Barro area immediately to the south where higher grade structures have considerable strike extent, and although relatively narrow the structures have much higher grades than in the core of the deposit. A total of 3,524 meters of core has been drilled at Cristo Rey, and additional drilling will be carried out to further test the higher grade mineralized structures at depth and along strike. Currently drill rigs are working at Silencio, Los Laches, Mongora and La Plata. The company's address is Ste 1430 - 333 Seymour Street, Vancouver, BC V6B 5A6, (604) 682 8212, fax: (604) 682 3708.