(MENAFN - ProactiveInvestors - Australia) Cerro Resources (ASX: CJO, TSX-V: CJO) continues to unlock the potential of its Espiritu Santo Gold/Silver project in Mexico in pre-drilling exploration, which has expanded the multiple gold and silver targets.
Surface sampling and geological mapping is being undertaken over several vein systems to define drill targets.
Further anomalous rock chips have been collected, both as extensions of the known veins and there has been success in locating additional zones of mineralisation.
Additional surface rock chip samples grading at greater than 0.5 grams per tonne (g/t) gold and greater than 10g/t silver from multiple veins have been received. Sixteen of these samples exceed 1g/t gold.
This includes rock chip samples grading at up to 10.75g/t and 8.13g/t gold from the newly discovered Agua Mala zone.
Agua Mala area was recently discovered as a result of surface geologic mapping and a sampling program in an area previously not known, and is located northwest of the Nunez vein and to the southwest of the extension of the Carmela area.
Although the zone as currently defined is "narrow" the area contains values up to 10.75g/t gold and 24g/t silver. Additional work is planned for Agua Mala in the near future.
Some of the new areas are proving to be encouraging as they contain broad zones on strong alteration with associated anomalous trace elements, which could possibly be interpreted to represent higher stratigraphic levels in a traditional low sulphidation gold-silver system.
Espiritu Santo occurs within a northwest corridor defined by numerous, predominantly gold-silver, low sulphidation mineralised occurrences.
Gold and silver with associated copper, as well as low levels of lead and zinc mineralisation, at the project occurs as low sulphidation quartz-sulphide style gold and copper epithermal mineralisation.
These systems are typically formed within structures overlying a buried intrusion source.