The minimum strike length has now been extended to 180 metres in a north-south direction and mineralisation extends down to 250 metres depth.
Significant intersections include 10.07 metres at 2.22 grams per tonne (g/t) gold and 5.9g/t silver from 189 metres, including 1.31 metres at 10.95g/t gold and 13.64g/t silver and 0.56 metres at 14.2g/t gold and 19g/t silver from 190 metres.
A new zone of mineralisation positioned approximately 250 metres south of the main Manantial vein has been identified and the system remains open along strike and to depth.
This vein is located in the main Manantial geological structure and has no surface expression, confirming the possibility of finding hidden veins in the prospect.
Elementos will need to conduct further drilling to test the vertical and strike extensions, and test a potential connection with the northern high-grade portion of the system.
Meanwhile, initial drilling along 200 metres of the La Puerta vein has returned a limited number of low-grade narrow anomalies at shallow levels.
Importantly, this was also encountered during early drilling at shallow levels in the Manantial vein and required subsequent deeper drilling to encounter the high-grade Manantial vein.
Significant intersections include 0.67 metres at 3.1g/t gold and 3g/t silver from 33.25 metres, and 0.65 metres at 2.3g/t gold and 54g/t silver from 39 metres.
Phase II drilling at the Julietta Norte prospect was focused on testing the depth and strike extension of previously drilled holes and results showed intersections of 1 metre at 4.4g/t gold and 9g/t silver from 62 metres, and 1.35 metres at 1.02g/t gold and 4.4g/t silver from 57 metres.
The system appears to be plunging deeply to the north and any future drilling would focus on drilling the system at greater depths.
Next Step
Elementos is now considering further drilling to test the strike and depth extensions of the Manantial vein, and a first-pass drilling program at Manantial Este.
The company has extended the Phase II drilling program, with three diamond holes to be drilled in December. The extension to the program is part of a new drilling rig commissioning program planned by drilling contractor Energold.
The program will comprise approximately 600 metres aimed at testing the depth extensions of the Manantial vein and the new Manantial South vein. Results of the program are expected in early 2012.
Manantiales in the San Juan Province is a large district of gold-silver epithermal vein mineralisation with little modern exploration.
The San Juan Province hosts a number of world class mining operations including Barrick Gold’s (NYSE, TSX: ABX) 12 million ounce Veladero mine and Yamana Gold’s (NYSE: AUY, TSX: YRI, LSE: YAU) 2.9 million ounce Gualcamayo mine.
Elementos’ Manantiales lies adjacent to Troy Resources’ (ASX: TRY) Casposo mine, which has a resource of 0.4 million gold ounces and 17 million silver ounces.
Cash Position
At the end of the September quarter Elementos’ cash reserves were A$7.2 million.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/22574/elementos-gold-mineralisation-extended-along-strike-and-at-depth-at-manantiales-in-argentina-22574.html
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