Eloro Resources Discovers Major Breccia Pipe with Extensive Silver Polymetallic Mineralization and a High-Grade Gold-Bismuth Zone in the Iska Iska Property, Potosi Department, Southern Bolivia
Eloro Resources Discovers Major Breccia Pipe with Extensive Silver Polymetallic
Mineralization and a High-Grade Gold-Bismuth Zone in the Iska Iska Property, Potosi
Department, Southern Bolivia
Number of extensive mineralized intersections in holes within major breccia pipe
including 54.48 g Ag/t, 1.45% Zinc (Zn) and 1.60% Lead (Pb) over 16.39m (140.91 g
Ag eq/t) within a broader interval of 122.74m grading 14.29 g Ag/t, 0.81% Zn and 0.41%
Pb (53.67 g Ag/t eq) in Hole DHK-04;
High Grade Gold-Bismuth zone averages 7.1 g Au/t and 0.2% Bi (8.29 g Au eq/t)
over 3.04m width for strike length of 47m in underground workings and is open
along strike to the north.
6.51g Au/t, 0.07% Bi and 31.96 g Ag/t (7.68 g Au eq/t) over 11.85m grading including
29.56 g Au/t,0.26% Bi/t and 63.69 g Ag/t (31.94 g Au eq/t) over 2.31m intersected in
Hole DHK-05 on the strike extension of the high-grade Au-Bi zone.
Toronto, Canada, November 18, 2020 – Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF
FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that Minera Tupiza S.R.L.,
Eloro’s Bolivian subsidiary has completed 13 diamond drill holes totalling 2,898 metres of both
underground and surface drilling at its optioned Iska Iska property in the Potosí Department of
southern Bolivia. This is the first drilling ever carried out on the property. Figure 1 is a plan map
showing locations of drill holes along with geology and alteration. Results from Hole DHK-01 to
DHK-05 are reported in this press release; results for the other holes are pending. Due to the
polymetallic nature of the deposit, silver equivalent (“Ag eq”) and where applicable gold
equivalent (“Au eq”) values have been included for comparative purposes.
The Iska Iska altered-mineralized zone as currently defined is approximately 550m wide and has
been initially drill tested over a strike length of 600m as shown in Figure 1. The zone is wide
open along strike as well as downdip. Figure 2 is a west-east geological cross section highlighting
the major breccia pipe discovery. Significant assay results are given in Table 1. Table 2 gives
collar coordinates and azimuths/orientations for all drill holes completed to date. Results are also
reported for additional channel sampling in the Huayra Kasa underground workings with complete
results including previously released results (see press release October 8, 2019) in Table 3.
Discovery of Major Breccia Pipe with Extensive Silver Polymetallic Mineralization
Underground holes DHK-03 and -04 drilled at 0 0E and -50 0E, respectively, intersected a major
mineralized breccia pipe located just east of the underground workings as shown in Figures 1
and 2. Significant results from these holes justifying further detailed work include:
Hole DHK-04 – 54.48 g Ag/t, 1.45% Zinc (Zn) and 1.60% Lead (Pb) over 16.39m
(140.91 g Ag/t eq) from 150.61m to 167.00m within a broader interval of 122.74m from
89.13m to 211.87m grading 14.29 g Ag/t, 0.81% Zn and 0.41% Pb (53.67 g Ag/t eq) ;
and
20 Adelaide Street East, Suite 200, Toronto, Ontario CANADA M5C 2T6 Tel.: (416) 868-9168 Fax: (416) 361-1333
TSX.V Symbol: ELO www.elororesources.com
Hole DHK-03 – 11.57 g Ag/t, 1.06% Zn and 0.42% Pb over 15.66m (62.00 g Ag/t eq)
from 119.50m to 135.20m within a broader interval of 33.09m from 119.50m to 152.63m
grading 5.90 g Ag/t, 0.63% Zn, 0.21% Pb and 0.47g Au/t (72.71 g Ag eq/t).
The highlighted significant zones also have anomalous copper values of between 0.01% and
0.07% Cu against background values of much less than 0.01% Cu which may be a significant
indicator of the potential for more copper at depth.
Tom Larsen, Chairman and CEO of Eloro, commented: “This is a very exciting discovery
confirming that Iska Iska has excellent potential to host a significant silver polymetallic mineral
deposit that is potentially bulk mineable. We will be continuing our drilling program as well as
expanding our exploration efforts along strike including carrying out gravity and magnetic surveys
to outline additional potential pipes. 3-D modelling is also in progress to better understand the
geometry of the pipe as well as the distribution of mineralization within it to facilitate further drilling.
Concurrently with these activities, preliminary metallurgical test-work will be conducted to support
future mineral resource estimation.”
Dr. Quinton Hennigh, P.Geo., Senior Technical Advisor to Eloro commented: “These first holes
provide our first indication that Eloro has discovered a significant new silver polymetallic system
akin to other such systems in the prolific southern Bolivian Potosi mineral district. All holes drilled
to date have encountered visible mineralized intercepts. Interestingly, a gold-bismuth-rich phase
of mineralization is also present within this complex system. Mineralization occurs in and adjacent
to a large effusive breccia pipe along the margin of a major volcanic caldera. Breccia pipes such
as the one we have discovered are important hosts of bulk tonnage ore bodies in many producing
mines in epithermal and porphyry deposits especially in the Andean Cordillera of Central and
South America. These pipes tend to occur in clusters, and recent geologic work by our Bolivian
geologic team led by Dr. Osvaldo Arce indicates the setting at Iska Iska is conducive for discovery
of such a cluster. Our next seven holes, all with visible intervals of mineralization, explore more
of this newly discovered breccia pipe. Notably, hole DHK-012, a surface hole, encountered 300m
of mineralized breccia at depth. We eagerly await results from these holes."
A surface drill was brought in to allow further drilling of the newly discovered breccia pipe which
occurs along the contact between a Miocene dacitic dome which has intruded Ordovician
sandstones. To date five (5) additional holes (DHK-08 to DHK-12) have been completed
confirming that the pipe is oval-shaped with a west-east dimension of 150m and north-south
dimension of 200m. As shown in Figure 2 the pipe appears to have a southeasterly plunge. The
deepest hole thus far, DHK-12, intersected 300m of mineralized breccia before intersecting
mineralized granodiorite.
Within the mineralized granodiorite, there is widespread propylitic alteration consisting of epidote,
fluorite and pyrite which suggests that the bottom of the hole is on the margin of a polymetallic
porphyry system. Further drilling will be required to confirm the actual base of the pipe as the
granodiorite intersected in Hole DHK-12 may be an apophyse (offshoot) from a larger intrusion
at depth which could potentially host a porphyry copper deposit. It is also evident that the high-
grade vein/breccia zones previously mined in the adjacent Huayra Kasa workings are very likely
distal mineralized structures related to the breccia pipe and the porphyry system. This view is
further supported by the synchrotron study of the underground channel samples (see press
release dated June 25, 2020) which concluded that the four mineralogical domains identified by
mineral cluster analysis are related and represent a single, large mineralizing system.
High grade Gold-Bismuth Zone Identified in Underground Workings at Huayra Kasa
Additional channel sampling carried out in the underground workings at Huayra Kasa has
identified a north-northwest trending high grade gold-bismuth zone along the west margin of the
breccia pipe as shown in Figure 3. Channel sampling here returned 7.1 g Au/t, 0.2% Bi , 28.3 g
Ag/t, 1.1% Zn and 0.6% Pb (8.29 Au eq/t) over an average width of 3.04m for a strike length
of 47m. Drill hole DHK-05 collared in Drill Bay #1 intersected 6.51g Au/t, 0.07% Bi and 31.96
g Ag/t (7.68 g Au eq/t) over 11.85m grading including 29.56 g Au/t,0.26% Bi/t and 63.69 g
Ag/t (31.94 g Au eq/t) over 2.31m on the strike extension of this zone.
A second subparallel zone also occurs approximately 40m to the west where channel sampling
returned 3.2 g Au/t, 0.18% Bi, 40 g Ag/t, 1.3% Zn and 0.7% Pb (4.7 g Au eq/t) over an average
width of 1.27m for a strike length of 22.5m. Drill hole DHK-01, drilled from Drill Bay #1
intersected 3.9 g Au/t and 0.52% Bi (5.34 g Au eq/t) over 1.85m including 10.2 g Au/t and
1.1% Bi (13.23 Au eq/t) over 1.25m. Drill hole DHK-03 in the central part of the breccia pipe
returned 3.72 g Au/t and 0.50% Bi (4.28 g Au eq/t) over 1.08m indicating that this high-grade
gold-bismuth mineralization is much more widespread.
The channel sampling also confirmed the distribution of significant silver polymetallic
mineralization within the Huayra Kasa workings. Figure 4 shows the distribution of Ag, Zn and
Pb. Zn has the widest distribution with Ag and Pb zones occurring within the broader Zn
envelope. Significant results include:
West workings – 11.6 g Ag/t, 2.3% Zn, 0.5% Pb (100.8 Ag eq/t) over average channel
width of 2.0m for strike length of 16.5m
Central workings – 130.9.g Ag/t, 3.68% Zn and 3.1% Pb (330 Ag eq/t) over average
channel width of 1.9m for a strike length of 78.9.0m. Drilling will be required to establish
the grade and width of this zone for mineral resource estimation.
East workings – 28.8 g Ag/t, 1.39% Zn, 0.6% Pb,7.1 g/t Au and 0.2% Bi (556.7 Ag eq/t)
over an average channel width of 2.6m for a strike length of 45.0m.
Significant values of indium have also been identified in both the underground channel samples
and selected sampling of the diamond drill holes (see Table 4 for partial results in underground
samples). Indium is usually associated with zinc however complete analytical data is not yet
available to fully report on overall indium contents but indium is certainly a potentially payable
metal.
Iska Iska Compared to Polymetallic Mines and Deposits in Southwestern Bolivia
Geologically, Iska Iska is in the southwest part of the Eastern Cordillera of Bolivia which hosts a
number of major polymetallic mines and mineral deposits as shown in Figure 5. Table 4 lists
geological characteristics of these mines and mineral deposits.
Dr. Osvaldo Arce, P.Geo. Manager of Minera Tupiza S.R.L and an expert on Bolivian geology
commented: “The Huayra Kasa adit occurs along the contact between Ordovician sandstone and
a Miocene dacitic dome. The breccia pipe has been emplaced in or near the ring fault zone along
the northern side of the Iska Iska caldera which is a collapse structure that subsided as a result
of the eruption of large volumes of dacitic and andesitic lava flows during Miocene time. Sericitic,
argillic and decarbonization alteration is widespread in a zone at least 550m wide that extends
600m along strike and is open to the west and east. The high-grade gold and bismuth
mineralization appear to be an earlier stage and occur mostly along structures at or near the
contact zone between sandstone and dacite. Silver, zinc and lead mineralization, in contrast, is
more widely distributed in the whole mineralized system and overprints the earlier high-grade
gold and bismuth zones. The final stage of mineralization appears to be a late overprint of zinc
and indium.”
Dr. Arce continued, “The Southeastern Andes polymetallic province is characterized by the
presence of collapse/resurgent calderas, which were subsequently mineralized by both high
temperature minerals such as cassiterite and wolframite associated with dacitic to rhyolitic
subvolcanic stocks, overprinted by a late epithermal high and intermediate sulphidation events.
The silver polymetallic type of mineral deposit represents the most common type of mineralization
in the country. These deposits are characterized by a polymetallic signature (Sn, Ag, Zn, Pb, Bi,
W, Au, Sb), which is usually telescoped and spatially related to intrusions. San Vicente and Tasna
are hosted in sedimentary rocks; Cerro Rico de Potosí, Tatasi and Chorolque are hosted mostly
in igneous rocks; whereas San Cristobal, Pulacayo, and Iska Iska are hosted in both sedimentary
and igneous rocks. It is very likely that the mineralized granodiorite intersected in Hole DHK-12
is on the margin of a major porphyry complex at Iska Iska.”
Qualified Person
Dr. Osvaldo Arce, P. Geo., a Qualified Person in the context of National Instrument 43-101 (NI
43-101), has reviewed and approved the technical content of this news release. Dr. Bill Pearson,
P.Geo., Chief Technical Advisor for Eloro, and who has more than 45 years of worldwide mining
exploration experience including extensive work in South America, provides technical oversight
to the program in consultation with Dr. Quinton Hennigh, P.Geo., Senior Technical Advisor to
Eloro and Independent Technical Advisor, Mr. Charley Murahwi P. Geo., FAusIMM of Micon
International Limited. Drill samples are prepared in SGS BOLIVIA SA’s preparation facility in
Oruro, Bolivia with pulps sent to the main SGS laboratory in Lima, Peru for analysis by fire assay
for gold and silver as well as 31 element ICP. Eloro employs an industry standard QA/QC
program with standards, blanks and duplicates inserted into each batch of samples analyzed.
About Iska Iska
Iska Iska silver polymetallic project is a road accessible, royalty-free property, wholly-controlled
by the Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km north of Tupiza city, in
the Sud Chichas Province of the Department of Potosi. The property can be classified as a silver
polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) epithermal-porphyry complex. This is an important
mineral deposit type in the prolific South Mineral Belt of Bolivia.
Silver polymetallic mineralization at Iska Iska occurs within a Miocene possibly
collapsed/resurgent caldera that consists of granodioritic stocks and five (5) dacitic domes which
are each about 500m in diameter. These rocks intrude/extrude an intensely deformed sequence
of Ordovician shales, siltstones, and sandstones, which are partially covered by Miocene
pyroclastic rocks. The silver polymetallic mineralization occurs mainly as veins, vein swarms,
veinlets, stockworks, disseminations and in breccias associated with intense hydrothermal
alteration. The Iska Iska dome complex has several major phases of igneous breccias, quartz
porphyries, dikes and dacitic syn-kinematic flows.
Geological mapping on the property by Eloro has revealed the spatial and temporal zonation of
alteration and vein minerals in an area of about 5 square kilometres. The silver polymetallic
mineralization occurs mainly as veins, subsidiary vein swarms, veinlets, stockworks, and
disseminations, forming a subvertical vein system in both the stock and the volcanic and
sedimentary rocks. Preliminary evaluation work including 42 channel samples in underground
and on surface workings at Iska Iska returned significant results as summarized below. All of the
channel samples included altered wall rock with widths ranging between 1.20 to 5.55 m,
averaging 2.90 m (see press release of October 8, 2019 for further details).
Silver. Anomalous silver values range between 35.5-694 g/t Ag (46% of channel samples).
Gold. Anomalous gold values range between 0.31-28.6 g/t Au (42% of channel samples).
Zinc. Anomalous zinc values range between 1.05-16.95% Zn (37% of channel samples).
Lead. Anomalous lead values range between 0.41- 16.95% Pb (49% of channel samples).
Copper. Anomalous copper values range between 0.1->1% (22% of channel samples).
Bismuth. Anomalous bismuth values range between 967-7,380 g/t Bi (22% of channel
samples).
Indium. Anomalous indium values range between 10.35->500 g/t In (34% of channel
samples).
Silver-polymetallic mineralization within the Iska Iska system occurs over a potential strike length
of more than 2.5km along major ring structures in the caldera complex. A synchrotron study of
the underground channel samples (see press release dated June 25, 2020) concluded that the
mineral cluster analysis identified four mineralogical domains that cover the entire sampling area
suggesting they are related and represent a single, large mineralizing system. Furthermore, the
mineralogy of the domains is consistent with minerals identified in hand specimen and are likely
related to a telescoped porphyry/epithermal style of mineralization.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal
properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly
prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry
complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro
recently commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by
Micon International Limited and is available on Eloro’s website and under its filings on SEDAR.
Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La
Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south
of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria
consists of eight mining concessions and eight mining claims encompassing approximately 89
square kilometres. La Victoria has good infrastructure with access to road, water and electricity
and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
For further information please contact either Thomas G. Larsen, Chairman and CEO or
Jorge Estepa, Vice-President at (416) 868-9168.
Information in this news release may contain forward-looking information. Statements containing
forward looking information express, as at the date of this news release, the Company’s plans,
estimates, forecasts, projections, expectations, or beliefs as to future events or results and are
believed to be reasonable based on information currently available to the Company. There can
be no assurance that forward-looking statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in such statements. Readers should
not place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Table 1. Significant Mineralized Intercepts in Holes DHK-01 to DHK-05, Huayra Kasa.
DDH
No.
From
(m) To (m)
Length
(m)*
Ag
(g/t) Zn % Pb%
Au
(g/t)
Bi
(%) Ag eq**
Au
eq***
DHK-01 0.00 1.20 1.20 14.40 1.93 0.43 0.01 0.00 89.19 1.16
18.75 35.90 17.15 34.64 0.64 0.89 0.04 0.00 79.62 1.04
85.50 88.30 2.83 0.64 0.84 0.72 0.01 0.00 46.80 0.61
109.40 111.25 1.85 6.64 1.59 0.50 3.90 0.52 408.88 5.34
Incl. 109.40 110.00 0.60 16.50 3.27 1.06 10.20 1.10 1013.68 13.23
DDH
No.
From
(m) To (m)
Length
(m)*
Ag
(g/t) Zn % Pb%
Au
(g/t)
Bi
(%) Ag eq**
Au
eq***
DHK-02 0.00 2.49 2.49 22.44 2.15 0.63 0.03 0.00 110.79
27.47 39.11 11.64 12.83 0.42 0.31 0.03 0.01 36.68
Incl. 27.47 28.07 0.60 68.30 1.35 2.08 0.06 0.00 166.56
Incl. 28.07 29.65 1.58 0.80 0.02 0.01 0.01 0.00 2.36
Incl. 29.65 30.20 0.55 51.10 2.96 0.85 0.14 0.17 192.65
Incl. 30.20 34.90 4.70 0.50 0.02 0.01 0.01 0.00 2.06
Incl. 34.90 35.53 0.63 89.50 2.37 1.93 0.12 0.00 222.88
79.16 126.91 47.45 0.94 0.49 0.15 0.07 0.01 26.82
Incl. 79.16 81.30 2.16 1.50 3.47 0.44 0.27 0.00 147.58
Incl. 81.30 88.99 7.16 0.79 0.01 0.02 0.02 0.00 3.57
Incl. 88.99 91.14 2.15 3.10 0.02 0.07 0.75 0.14 73.50
Incl. 91.14 105.82 14.68 0.85 0.09 0.03 0.06 0.00 9.21
Incl. 105.82 106.51 0.69 1.60 2.75 1.20 0.01 0.00 121.62
Incl. 106.51 121.21 14.70 0.57 0.07 0.01 0.01 0.00 3.96
Incl. 121.21 126.91 5.70 1.22 2.05 0.78 0.01 0.00 88.25
DHK-03 0.00 2.80 2.80 11.80 0.27 0.40 0.01 0.00 30.99
119.50 152.63 33.09 5.90 0.63 0.21 0.47 0.06 72.21
Incl. 119.50 135.20 15.66 11.57 1.06 0.42 0.07 0.00 62.00
Incl. 144.25 147.85 3.60 1.34 0.59 0.02 0.01 0.00 22.31
Incl. 147.85 151.55 3.70 0.50 0.10 0.00 0.01 0.00 4.67
Incl. 151.55 152.63 1.08 2.10 0.06 0.04 3.72 0.50 327.58 4.28
DHK-04 26.10 32.60 6.50 7.92 0.65 0.21 0.01 0.00 35.44
44.94 73.83 28.89 6.66 0.49 0.18 0.03 0.00 29.21
Incl. 44.94 51.79 6.85 10.11 0.57 0.30 0.01 0.00 37.02
Incl. 51.79 53.69 1.90 0.65 0.13 0.01 0.01 0.00 5.99
Incl. 53.69 54.84 1.15 11.70 1.24 0.40 0.14 0.00 72.73
Incl. 54.84 57.96 3.12 0.50 0.02 0.01 0.01 0.00 2.30
Incl. 57.96 63.18 5.22 4.73 0.62 0.12 0.03 0.00 30.92
Incl. 63.18 68.58 5.40 0.50 0.01 0.01 0.01 0.00 1.75
Incl. 68.58 73.83 5.25 15.17 0.96 0.36 0.06 0.00 60.44
89.13 211.87 122.74 14.29 0.81 0.41 0.04 0.00 53.67
Incl. 96.47 105.49 9.02 1.31 0.14 0.03 0.01 0.00 7.40
Incl. 105.49 122.11 16.62 21.03 1.52 0.57 0.05 0.00 88.43
Incl. 122.11 138.27 16.16 1.60 0.15 0.05 0.01 0.00 8.44
Incl. 138.27 142.48 4.21 31.79 1.05 1.04 0.05 0.00 95.24
Incl. 142.48 150.61 8.13 1.87 0.13 0.03 0.01 0.00 7.52
Incl. 150.61 167.00 16.39 54.48 1.45 1.60 0.01 0.00 140.91
Incl. 167.00 173.40 6.40 0.60 0.07 0.01 0.01 0.00 3.93
Incl. 173.40 188.70 15.30 15.46 0.75 0.49 0.04 0.00 54.71
Incl. 188.70 198.63 9.93 0.55 0.09 0.01 0.01 0.00 4.84
Incl. 198.63 211.87 13.24 0.74 0.95 0.01 0.06 0.00 36.92
DHK-05 0.00 11.85 11.85 6.51 31.96 0.80 6.51 0.07 588.51 7.68
Incl. 0.00 2.31 2.31 63.69 1.96 1.47 29.56 0.26 2446.49 31.94
DDH
No.
From
(m) To (m)
Length
(m)*
Ag
(g/t) Zn % Pb%
Au
(g/t)
Bi
(%) Ag eq**
Au
eq***
39.40 51.75 12.35 12.79 0.41 0.35 0.02 0.00 35.97
Incl. 39.40 41.84 2.44 36.84 0.89 1.20 0.02 0.00 96.45
Incl. 41.84 47.23 5.39 1.16 0.06 0.04 0.01 0.00 4.85
Incl. 47.23 51.75 4.52 13.68 0.57 0.28 0.02 0.00 40.43
74.52 77.82 3.30 9.58 0.63 0.27 0.02 0.00 37.85
137.92 146.42 8.50 4.80 0.60 0.14 0.08 0.00 33.90
171.50 191.68 20.18 15.14 0.71 0.39 0.11 0.00 56.16
Incl. 172.62 173.14 0.52 386.00 12.00 10.10 3.38 0.00 1280.84 16.72
202.10 207.85 5.75 11.98 1.55 0.41 0.01 0.00 73.70
All drill core is HQ size (63.5mm)
*At the present time no estimate of true width can be made but will be determined when additional drill
results are available. Tr = trace
** Formula for Ag g eq/t = Ag g/t + (Zn %*33.1)+ (Pb %*23.6)+ (Au g/t*76.6)+ (Bi%*75.1)
*** Formula for Au g eq/t) = Ag eq/t/76.6
- Metal prices used are: Ag = $24.66/oz, Zn = $1.19/lb, Pb = $0.85/lb, Au = $1889/oz, Bi =
$2.70/lb (all prices USD$).
- Ag eq calculated for the purpose of normalizing/rationalizing polymetallic results; these
calculations do not necessarily reflect Ag as being the primary metal in many reported intervals.
- Au eq calculated for mineralized intervals where gold is the primary metal
Table 2: Summary of Diamond Drilling at Huayra Kasa to November 9, 2020
Hole No. Easting Northing Elevation Azimuth Angle Hole
length m
DHK-01 205549 7656402 4150 180° -10° 111.25
DHK-02 205549 7656402 4150 180° -50° 159.45
DHK-03 205553 7656406 4150 90° 0° 117.45
DHK-03
EXT. 205553 7656406 4150 90° 0° 48.40
DHK-04 205553 7656406 4150 90° -45° 251.98
DHK-05 205549 7656408 4150 0° -50° 207.85
DHK-06 205547 7656406 4150 270° 0° 201.40
DHK-07 205547 7656406 4150 270° -45° 129.45
DHK-08 205564 7656404 4175 90° -70° 305.50
DHK-09 205664 7656404 4176 90° -45° 303.30
DHK-10 205636 7656405 4180 0° -45° 152.00
DHK-11 205636 7656405 4180 180° -45° 344.00
DHK-12 205636 7656469 4160 180° -55° 402.00
DHK-13 205418 7656363 4150 270° 0° 165.00
DHK-14 205418 7656363 4150 235° -10° In progress
TOTAL 2898.23
Underground Holes – DHK-01 to -07, -013, -014; Surface Holes – DHK-08 to -12
Table 3: Assay Results for Underground Channel Sampling, Huayra Kasa (Refer to
Figures 3 and 4 for sample locations).
N° Sample
ID
Width
(m) Azimuth Ag
g/t
Pb
%
Zn
%
Au
g/t
Bi
%
Cu
%
In
g/t
1 HK-01 2.35 58 0.53 0.01 0.01 0.01 0.00 0.02 na
2 HK-02 4.1 79 1.39 0.44 0.51 0.36 0.01 0.05 na
3 HK-03 3.1 22 25.50 0.63 2.15 2.5 0.10 0.06 na
4 HK-04 3.6 32 10.50 0.28 1.99 0.85 0.01 0.04 na
5 HK-05 3.1 69 1.68 0.04 0.32 0.04 0.00 0.02 na
6 HK-06 2.6 340 46.10 0.77 3.01 0.07 0.00 0.05 na
7 HK-07 3.2 356 204.00 4.13 4.81 0.35 0.00 0.05 na
8 HK-08 3.7 352 75.10 1.35 1.40 0.02 0.00 0.02 na
9 HK-09 3.3 349 266.00 8.24 5.75 0.02 0.01 0.01 na
10 HK-10 2.7 354 632.00 13.34 13.78 0.01 0.01 0.11 na
11 HK-11 2.4 31 1.67 0.15 0.69 <0.01 0.00 0.01 na
12 HK-12 3.15 45 3.78 0.80 1.29 <0.01 0.00 0.01 na
13 HK-13 2.25 50 3.10 0.15 0.39 <0.01 0.00 0.01 na
14 HK-14 2.9 16 13.60 0.43 0.38 0.04 0.00 0.02 na
15 HK-15 2.5 357 1.82 0.03 1.05 <0.01 0.00 0.01 na
16 HK-16 2.15 357 0.85 0.01 0.08 <0.01 0.00 0.01 na
17 HK-17 3 36 5.99 0.25 0.31 <0.01 0.00 0.01 na
18 HK-20 2.95 68 7.58 0.07 0.25 15.5 0.59 0.06 na
19 HK-21 3.35 63 2.60 0.07 0.51 0.34 0.01 0.02 na
20 HK-22 2.9 84 73.70 1.70 3.80 9.1 0.12 0.08 na
21 HK-43 3.35 65 106.00 1.64 0.97 4.88 0.23 0.04 na
22 HK-44 4.3 70 51.60 0.83 0.52 6.02 0.91 0.05 na
23 HK-45 4.4 64 1.80 0.03 0.54 3.98 0.02 0.05 na
24 HK-46 5.3 57 4.70 0.10 0.27 0.98 0.01 0.02 na
25 HK-47 3.8 70 18.40 0.61 2.69 9.98 0.07 0.01 na
26 HK-48 4 60 3.70 0.08 0.46 4.01 0.06 0.03 na
27 HK-49 2 12 1.00 0.01 0.05 0.3 0.00 0.01 na
28 HK-50 2 347 16.30 0.53 2.41 0.05 0.00 0.01 na
29 HK-51 2 352 <0.5 0.01 0.01 <0.01 0.00 0.01 na
30 HK-53 2 261 <0.5 0.01 0.02 0.02 0.00 0.01 na
31 HK-54 2 260 14.90 0.34 0.87 17.05 0.14 0.02 na
32 HK-55 2 246 <0.5 0.01 0.02 0.01 0.00 0.01 na
33 HK-56 2 170 <0.5 0.00 0.01 0.01 0.00 0.01 na
34 HK-57 2 166 32.10 0.87 2.82 0.05 0.00 0.01 na
35 HK-58 2 115 27.90 0.94 3.26 0.03 0.00 0.01 na
36 HK-59 2 132 18.70 0.54 2.49 0.05 0.00 0.01 na
37 HK-60 2 80 2.10 0.05 0.64 7.5 0.15 0.05 na
38 HK-61 2.4 50 41.00 0.44 0.83 19.3 0.13 0.21 na
39 HK-62 2 60 4.00 0.09 0.22 1.785 0.10 0.03 na
40 HK-63 2.5 77 14.40 0.35 0.83 2.93 0.07 0.02 na
41 HK-64 3 83 39.90 0.96 2.25 0.79 0.01 0.01 na