Resource World Magazine

Resource World - June-July 2016 - Vol 14 Iss 4

Issue link: http://resourceworld.uberflip.com/i/685011

Contents of this Issue

Navigation

Page 32 of 63

J U N E / J U L Y 2 0 1 6 www.resourceworld.com 33 NEW DiSCOvERiES an early-stage exploration project, results to date are very encouraging and further work including more detailed geochemical sampling, trenching and possible geophys- ical studies would be recommended prior to drill testing. Revelo is a prospect generator and is sole owner of six precious metals focused explo- ration projects at Loro, Las Pampas, Limbo, Reprado, Magallanes and San Guillermo. San Guillermo is already optioned to a sub- sidiary of Austral Gold, and we will look for a partner to continue the exploration work at Loro and our other projects." Mapping of the Loro Project area by Revelo geologists has resulted in the rec- ognition of several narrow (~ 20 cm), sub-parallel, low sulphidation quartz vein systems defined by in-situ quartz veins, hydrothermal breccias, and linear trends of float blocks, extending over approxi- mately 3 km, which appear to follow a north-south to north-northeast trend, in agreement with regional structures. Rock chip geochemistry of the veins (41 samples) indicates moderate values of gold (up to 2.34 g/t) and highly anomalous values of silver (up to 89.2 g/t), coupled with, in some samples, elevated arsenic (up to 293 ppm As), antimony (up to 336 ppm Sb), lead (up to 1,410 ppm Pb), and zinc (up to 1,570 ppm Zn). These preliminary results are comparable to early published surface samples for El PeƱon epithermal low sulphidation veins. A total of 548 colluvial and soil (sieved fines) samples were collected along eight, 500-metre spaced, east-west lines, crossing the core of the anomalous area, with sam- ples every 25 metres along each line. Two principal anomalous trends have been delineated by a combination of geological mapping, rock-chip geochem- istry and sieved fines geochemistry. The western anomaly at Loro shows highly anomalous antimony values (up to 26.7 ppm Sb in sieved fines) coinciding with the presence of outcropping veins and hydrothermal breccias and the highest gold and silver values obtained to date. This anomalous trend disappears towards the north under gravels and talus debris. High arsenic values (up to 134 ppm As in sieved fines) within the eastern anomaly, which splits into at least two sub parallel belts, likely represents the classical "arse- nic cap" or envelope above sub-cropping veins and hydrothermal breccias. Revelo is looking for partners to advance its other projects. n

Articles in this issue

Links on this page

Archives of this issue

view archives of Resource World Magazine - Resource World - June-July 2016 - Vol 14 Iss 4