Wednesday, 24 August 2011

Elementos geophysics survey underpins targets at Yvette gold-silver prospect

Elementos (ASX: ELT) has defined the main structures associated with the mineralisation at surface and their potential extensions along strike, confirming targets at the Yvette gold-silver prospect in the Santo Domingo Project, Argentina.

These preliminary results are from a ground-based magnetometry geophysical survey completed at Divisoria porphyry and ongoing surface sampling at the prospect. The survey has identified structural corridors which closely correlate to high-grade gold and silver samples on surface.

The Yvette geophysics program has included 30 kilometres of ground-magnetometry and 12 kilometres of IP geophysics.  The Yvette structures are generally narrow and discretely outcropping on surface. The geophysics is testing the potential to identify larger and blind structures at depth.

The data from the IP survey is currently being processed and is expected to provide further information on the depth potential of the main structures.

Further gold and silver-polymetallic structures have been encountered in shallow trenches along strike from the Yvette Norte structure in outcrop.

Results include:

- 0.5 metres at 6.04 g/t gold and 33 g/t silver;
- 0.4 metres at 5.24 g/t gold and 14g/t silver; and
- 0.2 metres at 6.09 g/t gold and 22 g/t silver;

Trenching is ongoing to test for the bulk tonnage potential of this intermediate-sulphidation epithermal-style mineralisation.

The company has lodged Environmental permit applications for drilling at the Yvette prospect and a drilling program will be scheduled once permitting is approved.

The multiple geological structures and mineralisation styles in Yvette, and their close proximity to the porphyry mineralisation around El Arriero and Divisoria, increase the potential for mineralisation at depth which will be further tested with geophysics and drilling.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/18956/elementos-geophysics-survey-underpins-targets-at-yvette-gold-silver-prospect-18956.html

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