(MENAFN - ProactiveInvestors - Australia) Argentina Mining (ASX: AVK) has discovered high grade gold and silver in its latest round of sampling at its Amiches project in Argentina, which lies within the mineral-rich El Indio Belt, host to major gold-silver-copper projects.
Rock chip sampling at the Amphitheatre prospect returned an assay of 2 metres at 18.91 grams per tonne (g/t) gold and 389.51g/t silver.
The sampled breccia appears similar to those found at nearby major deposits including Del Carmen, which hosts an Inferred Resource of 816,600 ounces gold and 10.9 million ounces of silver, and Jaguelito, which has a Measured and Indicated Resource of 123,000 ounces of gold and 9.7 million ounces of silver.
Previous sampling of the same outcrop at the Amphitheatre prospect in 2009 returned a result of 1 metre at 4.9g/t gold and over 100g/t silver.
More extensive sampling of the Amphitheatre area in 1985 yielded a number of results above 1g/t gold " up to 12.4g/t gold and 60g/t silver.
Argentina Mining plans to further define the mineralised systems at both its Amiches and San Francisco projects in preparation for drill testing.
The company recently completed a successful round of gold-silver sampling at the San Francisco Project on a short section of the 3,700 metre long Las Leas quartz-goethite multiple reef system.
More assays are expected by the end of the March quarter of 2013.