JOHANNESBURG (miningweekly.com) – Geological mapping and rock sampling along several structures at junior mineral exploration and development company Cangold’s 6 302 ha Guadalupe de los Reyes (GDLR) gold/silver project, in Mexico, have again returned high-grade gold and silver assays, the company announced on Tuesday.
During these tests the project’s Noche Buena, San Miguel, Zapote North and South, Las Primas and Mariposa structures were examined to check for geological continuity, potential extensions, gaps in drilling, vein textures and alteration.
Cangold said this was critical information as the next phase of surface work would entail prefeasibility stage drilling focused on increasing the project’s mineral resource confidence, drilling extensions of known zones laterally and at depth, and drilling for metallurgical sampling.
“We are highly encouraged by the consistency and widespread nature of high-grade mineralisation on the GDLR property. With this information in hand, we are laying the groundwork for a prefeasibility study, which is the next step in our advancement of the project,” Cangold president and CEO Robert Archer commented.