Announcement Date: 2021-11-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Los Cerros Ltd.
Project name: Quinchia
Location: Colombia
Commodities: Gold
Highlight: Drilling results incl. 243.1m @ 0.49g/t Au from 87.2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Los Cerros Limited (ASX: LCL) (Los Cerros or the Company) is pleased to report the results of the remainder of the initial scout diamond drilling program at Ceibal (CHDDH03-06), the Company’s new porphyry target, located less than 1km from the Tesorito Gold Porphyry discovery, both of which are part of the Company’s 100% owned Quinchia Project in Risaralda – Colombia (Figure 1). The six hole diamond drilling campaign (Figure 2) was commissioned on the back of encouraging gold, molybdenum and copper surface geochemical anomalism in an area never investigated previously but showing structural characteristics consistent with the Tesorito Gold Porphyry structural model – in particular proximity to the Marmato Fault Corridor and location at the intersection of NW trending faults. All six drill holes of the Ceibal campaign generated extensive intersections (between 88m and 586m) of porphyry gold mineralisation (0.41g/t – 0.52g/t) in andesites and basalt country rocks cut occasionally by gold-barren diorites, (which are interpreted to have been emplaced after the causative porphyry mineralisation event/pulse). In this context, the assay results bear strong resemblance to the extensive low-grade intercepts in andesite at the Tesorito Gold Porphyry, proximal to the high-grade gold porphyry core, particularly recent assay results from the north2 of this system.
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