Source Exploration (TSXV:SOP) intersected high-grade mineralization along-strike from that previously discovered in hole LM-11-SC-45, within the larger halo of copper-gold mineralization on step-out drilling at the Santa Cruz target at the Las Minas project in Mexico.
As quoted in the press release:
Step-out drilling has returned significant gold values as well as some of the highest grade silver and copper intercepts recorded to date. The higher grade mineralization appears to be closely associated with skarn-type alteration with high magnetite content ranging up to 90% by volume. A detailed magnetic geophysical survey has been initiated in an effort to better define future drill targets.
Source Exploration President and CEO Brian Robertson said:
These high-grade intercepts in the initial step-out drilling program are important because they have confirmed the continuity of mineralization both along strike and down dip. The results are particularly encouraging because of the presence of a high magnetite content commonly associated with the mineralization will serve as a marker for identifying areas of potential high-grade mineralization on the property. The ground magnetic survey is intended to identify extensions to the high-grade zone as well as other potential high-grade zones on the property. The exploration of these high priority targets will be the focus of our aggressive drilling program.