Westridge Resources (CVE:WST), a mineral explorer, said it plans to drill a near surface high-grade gold oxide zone at its Charay project in Sinaloa State, Mexico.
Vancouver, British Columbia-based company also said on Wednesday that
it is working toward near term development and production.
next phase drill and sampling on the Charay project aims to define a
compliant NI 43 101 resource in the high grade El Padre vein system in
the not too distant future.
"Gold mineralization at Charay is high grade, oxide and close to the surface," Westridge chief executive Peter Schulhof said.
hope is that the results from this planned program will allow us to
work towards our objective of small scale production at Charay in the
"We also look forward to continue to explore and
define the full potential of this exciting and largely unexplored gold
system," he added.
The next round of drilling will focus on
infill drilling to provide sufficient information to support NI 43-101
compliant resources on the El Padre vein and adjoining veins.
drilling will address surface concentrations of veins, identified by
surface sampling and trenching, that may present targets for possible
open pit oxide resources.
Late last month, the mineral explorer
announced the cumulative strike length of all mineralized vein
structures at Charay reached 4,000 metres versus the 250 metres when the
project was acquired.
The company said through on-going
interpretation of drilling, geological mapping, trenching and sampling
results it was able to raise the strike length of the project as it
continues to identify new epithermal veins.