The work is in line to an agreement signed by the company ahead of the proposed acquisition of Sinotech Mineral Exploration Chile Limitada’s100% interest in two gold with copper exploration properties.
Sinotech had earlier initiated the due diligence drilling at the Totora property to test the targets within two prominent vein systems in a shear structure.
Silvore Fox has completed one drill hole testing one of these structures and intersected two veins. One from 65.35 to 66.75m graded 1.3 g/t gold and 1.49% copper over the 1.4m.
The second zone of 9.4 meters represents three distinct mineralized portions including narrow waste bands whose thickness has not been determined.
Chile based Acme Analytical Labs carried out the sample preparation and assay results.
Silvore Fox completed the pole-dipole IP coverage along lines spaced at 200 meters over a 3,600m by 120m grid at the Harvest property.
Sinotech has earlier outlined target areas within the gold and copper vein systems and interpretation of the results is in progress and to date has determined three drill targets.
Silvore Fox has been retained by Roscoe Postle and Associates of Toronto to prepare a NI43-101 report on the two properties to assess the valuation being used in the acquisition transaction.
