Source Exploration Corp.(TSXV:SOP) announced that it has received the drill results from the first two step-out holes at Las Minas. The Company intersected high-grade copper and magnetite mineralization that indicates the opportunity to expand the zone at Las Minas.
As quoted in the press release:
Drill holes LM-12-SC-52 and 53 are located approximately 35.0 m to the north of the discovery hole. Significant skarn mineralization consisting of chalcopyrite-bornite and magnetite was observed in Hole SC-52 over an approximate 20.0 m interval starting at 34.0 m down hole. Hole SC-53, which is a vertical hole currently being drilled from the same location, intersected similar mineralization, starting at a depth of 53.0 m, and remains in mineralization at 57.0 m.
Source Exploration, CEO, Brian Robertson, commented:
These new intercepts are significant as they confirm the extension of the strong mineralization proximal to the recent high-grade discovery. The appreciable copper and magnetite mineralization observed in the hole are important as they are often associated with high gold and silver values at Las Minas. The high grades encountered in nearby historical workings in recent sampling suggest excellent potential to expand this high-grade area along trend. We expect that the ongoing drill program will help to better define and expand the mineralization.