Quia Resources further defines targets at San Lucas after first drill results

Quia Resources (CVE:QIA) announced Monday initial drill results from the first seven holes ever drilled, according to the company, in the Guamoco district of the San Lucas gold belt in Colombia. 

The seven holes were drilled at the La Colina and La Rueda anomalies and are part of an ongoing larger 5,000 metre program designed to develop a better understanding of the geology and mineralization in the district, as well as to develop a deposit model for the respective anomalies. 

Highlights include hole SL1101, which intersected 7.6 metres of 0.34 grams per tonne (g/t) of gold, and hole SL1104, which returned 3.25 metres of 0.33 g/t gold, 4.15 metres of 0.37 g/t gold and 5.50 metres of 0.32 g/t gold. 

Both these holes, drilled at the north end of the La Colina target, encountered zones of disseminated gold mineralization.

The company said the results suggest the mineralization at the north end of La Colina is potentially on the periphery of a significant disseminated gold system stemming from the southwest. 

Both drills are now drilling southwest along the La Colina anomaly, including one at platform H, in the highest grade part of the La Colina gold‐in‐soil anomaly.

"These initial results successfully confirmed our thesis about the presence of disseminated gold mineralization at the 2400 metre long by up to 500 metre wide La Colina anomaly," said CEO Yannis Banks. 

"When combined with the geochemical pattern, geology and geophysical interpretation, these results are guiding us approximately 500 metres to 1000 metres southwest along the La Colina anomaly into the highest grade part of the anomaly that is coincident with a cross‐cutting fault and a magnetic low, where we have just started drilling. 

Meanwhile, holes SL1102 and SL1103, which were drilled at the north end of the La Rueda target, intersected 1.5 metres of 1.87 g/t gold and 0.6 metres of 3.46 g/t gold, respectively. 

Banks continued: "It is notable that the geochemical pattern of the La Rueda anomaly, which is parallel to the La Colina anomaly, similarly widens around the same cross‐cutting structures to the southwest, further suggesting an association between the gold mineralization and these crosscutting structures and that this area could be the source of the gold mineralization for both the La Colina and La Rueda anomalies."

Quia said it plans to focus on these two anomalies for the remainder of the drill program, aiming to test multiple targets at the southwest end of the La Colina anomaly followed by targets at the southwest end of La Rueda. To date, roughly 2,200 metres of drilling has been completed. 

The La Durmiente anomaly and several others both further to the southwest and to the north, remain to be tested. 

Quia is a gold exploration company focused in Colombia and its 100 percent‐owned San Lucas property in the San Lucas gold belt.