- Los Cerros (LCL) has announced its first diamond hole at the southern Tesorito anomaly has returned an exceptionally wide gold intercept
- Tesorito is part of the Quinchia Gold Project, which is located in central west Colombia
- Pleasingly, the results have indicated the continuity of both near-surface, high-grade epithermal and deeper, porphyry-style mineralisation
- Drilling has now moved 200 metres north testing an anomalous zone of gold and molybdenum before moving back down to test further extensions
- Company shares have soared 40 per cent to trade for 10.5 cents
Los Cerros (LCL) has announced its first diamond hole at the southern Tesorito anomaly has returned an exceptionally wide gold intercept.
Tesorito is part of the Quinchia Gold Project, which is located in central west Colombia, 100 kilometres south of Medellin.
Hole TS-DH08 intersected surface mineralisation with 18 metres at 2g/t gold including six metres at 4.1g/t gold from six metres.
Further results include 116 metres at 1.38g/t gold from 114 metres including 74 metres at 1.6g/t gold from 114 metres including four metres at 3.18g/t gold from 148 metres and two metres at 9.58g/t gold from 176 metres within six metres at 4.86g/t gold from 174 metres.
“This is a highly encouraging start to the drill campaign as it not only provides a sense of near-surface porphyry mineralised volume given similar results of nearby holes but has also hinted to further potential at depth,” Managing Director Jason Stirbinskis said.
“The 18m intersection grading 2.0g/t Au from surface including 6m @ 4.1g/t Au also provides encouragement to further pursue the east-west trending epithermal veins for high grade gold resources to supplement existing resources and reserves at the nearby Miraflores deposit,” Jason added.
Gold mineralisation exceeding 1g/t has now been shown by three separate diamond holes to exceed a 230-metre downhole thickness over an area of 300 metres by 250 metres. This mineralisation remains open in all directions.
The drill rig is now drilling hole TS-DH09 to test the northern Tesorito target which is located 200 metres north of TS-DH08. Drilling is testing anomalous gold and molybdenum within a previously undrilled area.
The rig will then move back to the southern target to further test extensions to the higher-grade porphyry core both laterally and at depth.
Company shares have soared 40 per cent to trade for 10.5 cents at 12:32 pm AEST.