Announcement Date: 2022-09-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Los Cerros Ltd.
Project name: Quinchia
Location: Colombia
Commodities: Gold,Silver,Copper,Molybdenum
Highlight: Drilling results incl. 1.7m at 26.6g/t Au, 4.56g/t Ag, 95.6ppm Cu, 0.5ppm Mo from 326.3m
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 announce the results of Miraflores drill hole QMDH61. Miraflores hosts a Resource of 0.87Moz1 and is part of the 100% owned Quinchia Project, in Risaralda – Colombia. The Quinchia Project is a cluster of porphyry and epithermal gold/copper targets within a 3km radius (Figure 1), underpinned by established Mineral Resources of 2.6Moz @ 1g/t Au2 . Miraflores drill hole QMDH61 was commissioned on the back of encouraging results from two very deep holes drilled earlier in 20223 that suggested Miraflores’ mineralisation may extend beyond the base of the Miraflores Resource envelopes established in 2017. QMDH61 passed through altered wall rock basalts before entering mineralised breccia at 151.6m and continued through the breccia pipe for a total of 519.1m, ending at 670.7m in hydrothermal breccia. The breccia pipe, the host to the gold mineralisation, therefore remains open at depth and to the west (Figure 2), and beyond the previously modelled perimeter.
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