Goldgroup releases drilling results from new Caballo Blanco gold mining site
Goldgroup Mining Inc. (“Goldgroup” or the “company”) has released its final assay results from the Caballo Blanco endeavor in Veracruz, Mexico. The main tunnels assay results found 24.2 meters of 1.09 g/t and the crosscut tunnel found 19.35 meters of 1.48 g/t gold. The average sample taken from the drill holes surrounding the tunnel area matched the finds within the tunnel very closely. These findings demonstrated a reasonably rich and well mineralized zone, with scope to expand and extract a similar grade.
The Caballo Blanco should expect to see further floods of investment as the rate of risk continues to fall.
The principal known gold zone at Caballo Blanco is La Palia zone, located at the northern point of a large ‘magnetic high’ ring structure . La Palia boasts a grade of 0.62g/t Au, significantly lower than the average of Caballo Blanco’s newest endeavor.
The assaying sample from their new site were bagged from blast material sample, collected and bagged separately with unique identifying samples. The grade was expected to be high but a grade as high and as consistent as 1.09g/t in the main tunnel and 1.48g/t in the crosscut tunnel are cause for interest.
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Link to this article: : http://www.goldmadesimplenews.com/mining/goldgroup-releases-drilling-results-from-new-caballo-blanco-gold-mining-site-7433/
Posted by Thomas Paterson on Jul 20 2012. Filed under Mining.
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