Darwin Drills 15.6 Metres of 1.0 g/t Gold at La Puerta, Peru
11 Février 2014 - 2:45PM
Marketwired
Darwin Drills 15.6 Metres of 1.0 g/t Gold at La Puerta, Peru
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 11, 2014) -
Darwin Resources Corp. ("Darwin" or the "Company")
(TSX-VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU): Darwin
announces results from two diamond drill holes at the Suriloma
epithermal gold project in the Department of La Libertad, Peru.
Key results:
- Two diamond holes were drilled at the La Puerta area for a
total of 732 metres. The holes targeted IP geophysical anomalies
and down-dip extensions of known epithermal vein
mineralization.
- Hole SU-013 intersected 15.6 metres @ 1.0 g/t gold from 213.8
metres including 3.7 metres @ 3.2 g/t gold from 216.9 metres. This
intersection is down-dip and along strike of previous drilling at
La Puerta Zone A, including 7.5 metres @ 2.3 g/t gold from 84.2
metres and 5.0 metres @ 2.1 g/t gold from 187.7 metres.
- A number of untested targets remain over the large Suriloma
project area. Drilling has stopped to allow a complete review of
the full results.
Dr Graham Carman, President and CEO of Darwin, said:
"Results from the recent drilling have shown that La Puerta is an
extensive and continuous gold epithermal vein system with
mineralization drilled only over 700 metres and open in all
directions. This short drill program extended gold mineralization
50 metres below any previous drilling. La Puerta is one of multiple
target areas over 6 km of strike at the Suriloma project. Further
work is now required to identify higher grade portions of the
epithermal vein system, with many strong targets remaining
untested."
The recent two-hole drill program was designed to test two of
the highest priority IP geophysical anomalies at the La Puerta area
(see Darwin Press Release 28 October 2013). Earlier, gold
intersections in eleven shallow drill holes with an average
vertical depth of 80 metres included 13.1 metres @ 1.4 g/t gold
from 50.8 metres and 7.5 metres @ 2.3 g/t gold from 84.2 metres
(see Darwin Press Release August 19 2013).
Hole SU-013 intersected 15.6 metres @ 1.0 g/t gold from 213.8
metres including 3.7 metres @ 3.2 g/t gold from 216.9 metres within
a larger veined and altered zone 65 metres wide. This intersection
is down-dip and along strike of other intersections from La Puerta
Zone A including 7.5 metres @ 2.3 g/t gold from 84.2 metres and 5.0
metres @ 2.1 g/t gold from 187.7 metres - see Figure 1.
Mineralization in the veins dips steeply to the north, while
results in SU-013 suggest that Zone A and Zone B may join up into a
single structure. These results are believed to reflect relatively
high-level epithermal mineralization with grades potentially
increasing with depth. Gold mineralization is associated with
disseminated sulphides in strongly altered and brecciated volcanic
rocks with minor quartz veining. New drill results are summarized
in Table 1.
Hole SU-012 drilled into a modelled IP chargeability anomaly
offset from the main mineralized trend at La Puerta - see Figure 1.
No significant gold mineralization was intersected and it is
interpreted that this hole tested the periphery of the epithermal
system and the chargeability anomaly is not directly related to the
gold mineralization.
Results announced herein are considered similar to earlier drill
results and further work is required to identify higher grade
portions of the vein system, which typically exist in these
epithermal systems. The Company is carrying out a detailed review
of all target areas at Suriloma to determine a ranking system. In
addition to the multiple vein targets, a copper porphyry target
also exists at the Edelmira area - see Figure 2. Drilling at
Edelmira will require a new permit from the Peruvian authorities
and discussions have initiated with the landholders. Overall,
management is conducting a detailed review of the Suriloma property
to consider and plan next phase work programs. In addition
management continues to review and consider other acquisition
opportunities.
The qualified person, Dr Graham Carman, Darwin's President and
CEO, and a Fellow of the Australasian Institute of Mining and
Metallurgy, has reviewed and verified the technical contents of
this release.
Technical Background
True thickness is estimated to be 85-90% of the average drilled
width of the mineralized structures which are steep north dipping.
The drilling was undertaken by RAM Peru SAC of Lima Peru who
provided HQ core from surface and NQ core from around 250 metres
depth. Drill recoveries were excellent and average close to 100%.
After photographing and logging, core intervals averaging 1.5
metres in length (about 3.5 kg per sample) were cut in half at
Darwin's core cutting shed in Otuzco Peru. The samples were then
transported by courier service to the Certimin laboratory in Lima.
The remaining half core is retained on site for verification and
reference purposes. At Certimin the samples were weighed, dried,
crushed to -2mm, and split with a 500g sample pulverized for
analyses. Samples were analysed by Certimin for gold by 50g fire
assay with AAS finish (method G0107). Thirty five trace and major
elements were analysed by ICP-AES at Certimin using aqua-regia
digestion (method G0146). The QA/QC program of Darwin consists of
the systematic insertion of two certified standards of known gold
content, two blanks, and two duplicate samples (each of 1/4 core)
into a batch of 60 samples. Certimin also inserts its own blanks
and standards into the analytical process.
About Darwin Resources Corp
(TSX-VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU):
Darwin is a resource acquisition and development company
focussing on Peru. The Company has an option to acquire 100% of the
Suriloma epithermal gold property in the Department of La
Libertad.
On behalf of the Board, |
|
|
"Graham Carman" |
Dr Graham Carman, President & CEO |
Forward Looking
Statements This Company News Release contains certain
"forward-looking" statements and information relating to the
Company that are based on the beliefs of the Company's management
as well as assumptions made by and information currently available
to the Company's management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors
including, without limitations, failure to successfully complete
intended financings, capital and other costs varying significantly
from estimates, production rates varying from estimates, changes in
world metal markets, changes in equity markets, uncertainties
relating to the availability and costs of financing needed in the
future, equipment failure, unexpected geological conditions,
imprecision in resource estimates or metal recoveries, success of
future development initiatives, competition, operating performance,
environmental and safety risks, delays in obtaining or failure to
obtain necessary permits and approvals from local authorities, and
other development and operating risks. Should any one or more of
these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially
from those described herein. Although Darwin believes that
assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
Neither the TSX Venture Exchange, its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange), nor the Frankfurt Stock Exchange accepts
responsibility for the adequacy or accuracy of this news
release.
Table 1. Drill hole collar and significant intercepts from
recent holes at Suriloma
Drillhole |
Easting |
Northing |
RL |
Azi |
Dip |
Depth |
Type |
From |
To |
Int |
Gold g/t |
Silver g/t |
Structure |
SU-012 |
770,173 |
9,135,493 |
3,619 |
200 |
-70 |
367.85 |
DD |
No significant results |
La Puerta North |
SU-013 |
770,558 |
9,135,235 |
3,676 |
215 |
-55 |
363.85 |
DD |
213.8 |
229.4 |
15.6 |
1.0 |
1.5 |
Zone A |
INCLUDING |
216.9 |
220.6 |
3.7 |
3.2 |
3.5 |
|
INCLUDING |
229.1 |
229.4 |
0.3 |
4.1 |
1.9 |
|
AND |
260.8 |
261.0 |
0.2 |
1.1 |
0.9 |
Zone B |
Collar coordinates (Easting and Northing) are in PSAD56 zone
17S. Depths (From, To) are down-hole depths in metres as is
Interval (Int).
To view Figure 1. Plan of drill intercepts at La Puerta,
please visit the following link:
http://media3.marketwire.com/docs/926798Fig1.pdf
To view Figure 2. Suriloma IP chargeability at 250m depth
with drill holes and prospective areas, please visit the following
link:
http://media3.marketwire.com/docs/926798Fig2.pdf
Investor Informationwww.darwinresources.com1305 - 1090 West
Georgia St., Vancouver, BC, V6E 3V7Company Contact: Mariana
Bermudez +1 (604) 685 9316Email: info@darwinresources.com
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