Calabazas Zone Continues to Grow At Cerro Jumil
Drill Hole RCHE-09-127 intersected 33 meters containing 2.053 grams of
gold per tonne including a 16.5 meter interval containing 2.92 grams
gold per tonne.
Drill Hole RCHE-09-117 intersected 48.0 meters containing 0.97 grams
gold per tonne including a 6 meter interval containing 2.35 grams gold
per tonne.
Drill Hole RCHE-09-129 intersected 33.0 meters containing 1.07 grams of
gold and a separate interval7.5 meters containing 1.13 grams of gold per
tonne.
Bill Pincus, Esperanza's President and CEO, commenting upon the drill results said, "The new drill results are exciting and support the deposit model our geologists have developed. Of special interest is the presence of multiple zones of mineralization in many of the drill holes. The current drill program is evaluating areas of the Las Calabazas and Southeast zones where limited or no previous drilling had been completed. We are pleased with the results so far and anticipate that we will continue to add to or upgrade our resource base as drilling continues in this area. This phase of drilling should be finished by early summer and a revised resource estimate will be completed shortly thereafter. One of the great advantages we have is that the gold deposit is exposed on surface. This provides easy access for metallurgical sampling. Concurrent with the on-going drill program we are selecting sites for bulk metallurgical samples. A comprehensive series of advanced tests have been planned by our consulting metallurgist and will begin once final sample locations are defined."
The drilling at Cerro Jumil is a part of a comprehensive work program recommended by the 2009 Preliminary Economic Assessment and is designed to move the project to the full feasibility level as rapidly as possible. Additional work planned for 2010 in addition to the advanced metallurgical testing includes, geotechnical analysis, environmental baseline data collection and other efforts required to advance the project.
Esperanza also has an active community relations program and has been working effectively with the local stakeholders as the project advances. This effort is key to the success of the project.
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