Announcement Date: 2023-04-24
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Los Cerros Ltd.
Project name: Ono
Location: Papua New Guinea
Commodities: Gold
Highlight: Drilling results incl. 76.4m at 1.34g/t Au from 106.9m
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 results from the first diamond drill hole (KU23DD001) of the Company’s maiden drilling program at Kusi, part of the 100% owned Ono Project in Papua New Guinea. KU23DD001 (Figure 1), testing the Upper Limestone skarn target, entered the targeted skarn gold mineralisation for a 76.4m downhole width from 106.9m, including 15.2m of high-grade gold grading 4.45g/t Au from 138.2m (Table 1). The hole then intercepted weakly mineralised phyllite at 183.3m, consistent with modelled expectations, and remained in phyllite until EOH at 195.2m.
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