High grade gold and silver deposits found at the Sierra Blanca project in Argentina

High grade gold and silver deposits were found at the Sierra Blanca project in Argentina.

According to project operator, Mariana Resources, first assay results received from the initial eight holes of the Phase IV drilling campaign at the gold-silver project in the Deseado Massif of southern Argentina have proved positive.

High grade gold and silver in oxidised sulfide breccias were discovered at Vetarron Norte target – associated with multiple sulfide-rich vein breccias hosted by andesites, mafic volcanics and rhyolite dykes over a 250m strike and open in all directions.

Executive Chairman John Horsburgh said, “These initial results from the latest campaign at Sierra Blanca are highly encouraging and indicate significant potential for multiple mineralised systems at Vetarron and Lucila which are more extensive at depth than is indicated at surface in outcrop and trench sampling.

“The first high grade gold and silver mineralisation intersected at Vetarron is promising, and while these initial assay results represent only a quarter of the holes that have been drilled, there is already ample scope for follow up drilling in 2012.

This latest 5,276m drilling campaign is now complete with final samples being processed for analysis which we look forward to reporting on in due course.” – Bullion Street

Tags: Sierra Blanca project, Silver, silver mining, silver mining companies, silver mining industry

Posted by Silver Guru on Dec 13 2011. Filed under Silver mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry