The company also announced results of its recently completed TITAN geophysical survey on the Diablillos Porphyry Complex located approximately 3.5 km northeast of the Oculto deposit. The TITAN survey was completed by Quantec International Project Services Ltd., which conducted a five-line survey covering the Cerro Blanco and Cerro Viejo target areas and confirmed a large chargeability anomaly beneath Cerro Blanco reflecting a zone of intense silicification that is interpreted as being related to a large porphyry intrusion.
John Miniotis, President and CEO, commented, “We are very pleased with the continued success of our ongoing step-out drill campaign and the promising results from the TITAN geophysical survey. Importantly, the survey indicates strong geophysical anomalies that suggest the potential for a substantial porphyry system, which could unlock an exciting new phase of exploration moving forward. Dave O’Connor, Chief Geologist, commented, “The TITAN survey has identified significant resistivity anomalies extending to depths of over 1 km beneath shallow historical drill holes that intersected low grade copper mineralisation, together with surface sampling which assayed highly anomalous gold and molybdenum in the Cerro Blanco area. The resistivity anomaly is interpreted as reflecting silicification related to a porphyry intrusion which generated the associated high metal contents in sampling. The survey has helped significantly improve our knowledge of the Porphyry Complex and, within the next two weeks, we will be commencing a deep drilling program aimed to further define these new high-priority targets.”
